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Effects of a College Education

Effects of a college education.

Senator John Kerry said in a 2004 presidential debate that “Our college students represent only 20 percent of our population, but they are 100 percent of our future. They are our greatest investment, and we must help them understand the importance of investing in their selves.” Today a college education is something to be treasured. In both earning potential and learning potential, a college education is an investment that will continue to pay you back for a lifetime. Individuals with a college education have better job opportunities, earn more money and develop a better quality in life.

            A college education is essential in today’s society to earn a job. Taking that first step in earning your degree will open the door of opportunity in ways that will increase your potential in landing a great job in the field of preferred study. Many employers prefer hiring someone with a college degree of some sort; some employers even require that every candidate have at least an associate’s degree. A higher degree means that one has even more knowledge about your chosen field and the information obtained is even more detailed. Employers want to know that their employees have a well rounded basic education. As a new graduate those in hiring positions will base an opinion of you largely on your college education. The advantages of a college degree will be proven when your resume is chosen over those who did not make the commitment to complete their education.  Even though you’re aware of your exceptional personality, they’re not. If the education on your resume looks impressive, they are more likely to see you as an intelligent hard working person. “The credentials you gain with a college education are about setting yourself apart, being employable, and becoming a legitimate candidate for a job with a future”.

Many wonder whether the high cost of tuition, the opportunity cost of choosing college over full-time employment, and the accumulation of thousands of dollars of debt is, in the long run, worth the investment. There is substantial support for the notion that the rate of return on investment in higher education is sufficient to warrant the financial burden associated with pursuing a college degree. Though the earnings differential between college and high school graduates varies over time, college graduates, on average, earn more than high school graduates. “The U.S. Census Bureau tells us that in 1999, average income for a male age 25 or over who holds a degree was about $61,000 compared to about $32,000 for a male with a high school diploma – so the college graduate’s income was about $29,000 more annually than high school grad’s. Every dollar spent on a young man’s college education produces $34.85 in increased lifetime income”. A college education can only increase in value. A college education grants power to receive more promotions and rises in pay. The more knowledge and experience one holds, the more willing employers are to furnish better positions in the company and enhanced pay raises or bonuses. Getting a college degree makes the employee more valuable to a company and they will be willing to pay for it.

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