If you have been wondering if earning a college degree is worth it, the answer is yes. While the cost of getting a college education may seem daunting at first glance, generally speaking, it will pay off in the long run. There are significant differences in earning potential from one major to another. But, regardless of what you get your degree in, you will be in a much better position for higher earnings with a college degree.
A College Education Can Earn You an Extra Million Dollars
The Los Angeles Times discusses the vast differences in earning potential depending on your level of education, ” People with a bachelor’s degree make 84% more over a lifetime than high school graduates…On average, a doctoral degree-holder will earn $3.3 million over a lifetime, compared to $2.3 million for a college graduate and $1.3 million for those with a high school diploma.” The earning potential difference between a bachelor's degree and a high school graduate is striking!
With a college degree, you will be in a much better position to live the life you want to live, buy the things you want to buy, take the vacations you want to take and more. You will also be in a better position to financially prepare for retirement. While lifetime earning potential is certainly important, it is not the only reason to earn a college degree.
It's Also More Than Just Money
When you earn a college degree, you will have many more opportunities available to you. This translates into more job offers and better promotions. With more job offers and better promotions you will have more opportunity to live where you want, travel if you want, be more satisfied with the type of job you are working every day and more. Additionally, when you have a college degree, you will always be marketable.
Even when looking for a job that is perhaps not in the field you earned your degree, you will be more appealing than a person with no college education. Having a college degree automatically makes you more appealing to an employer.
One intangible reason to earn a college degree is that it will boost your self esteem and better prepare you to handle the ups and downs of life. There are many studies that show that earning a college degree better equips you to handle mental challenges and also shows that many college graduates have a higher level of satisfaction with their lives. Rather than working every day in a job you do not love, a college degree will put you in a position to choose a career you love and truly feel fulfilled in your occupation.
Take Control of Your Life
With a college degree, you will have much more control over your life, living style, and future prospects. It will provide you with a level of confidence and pride in your abilities that will help set you up for success in the workforce. Your college degree will not only pay off now but in the future as well.
The Wall Street Journal notes that for many new jobs going forward, it will be critical to have a college education, “The U.S. economy will generate 55 million job openings by 2020, according to the Georgetown University Center on Education and the Workforce, and 65% of those jobs will require some training beyond a high-school education.” With higher job satisfaction, increased confidence, more opportunities and a much higher earning potential, a college degree is the right choice for everyone.
Brought to you be E Degree USA.
Is this common sense, or do you still question the value of a college degree?