With student loan debts at historic highs and tuition rates increasing, many have been questioning the value of a college degree. Is it a good investment? What will a degree ensure? While the answers to those questions may seem ambiguous, certain facts remain about the value of a college education.
The truth is, the ROI of a college education needs to be assessed with a long-term view. It is estimated that people with a bachelor’s degree will make $ 1 million more over their lifetime than those with just a high school diploma. Furthermore, a recent report by Georgetown University Center on Education and the Workforce estimates , and 65% will require training beyond a high school education. So while a degree may or may not immediately open doors, it will undoubtedly expand the number of doors that may open in the future.
These numbers alone are impressive, but there are also intangible values to a college education that are tremendous assets. These include developing life skills, networking and becoming a part of a campus community. The relationships you develop during college can carry over into your post-graduate career and favorably impact your career path.
So how do you make sure you’re getting the most out of your college education when it comes to the intangibles?
Undeniably a college education is a big investment. It is important for students to be aware and take advantage of all the resources available to them during this time. The true worth of the investment lies in each student’s hands as it’s up to them to make the most of it!
