Is college worth it?

Will Hasell, Entertainment/Editorials Editor

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As senior year approaches its final days, college decisions are all that anyone has been talking about. All this talk about higher education prompted me to assess the true value of a college degree. Although this seems like a simple assessment, it was something I had never actually done. Throughout high school, I was so concerned with getting into and preparing for college that I had never taken a step back to actually ask “Why am I doing this and will it pay off?” With skyrocketing student loan debts, this a necessary question we must all ask ourselves as we get closer to graduation.

At first glance at the statistics, a college degree seems well worth it; on average, college graduates with four-year degrees will earn about a million dollars more than high school graduates in their life. This is great, but according to The Wall Street Journal, the average student loan debt is $37,172. This has nearly doubled since 20 years ago and is still on the rise. Another study shows that 7 out of 10 seniors graduated with over $28,000 in student loan debts. Many students are even willing to take on six-figure debt to obtain a degree from esteemed universities. Although a college degree is still a valuable asset for higher-paying jobs, studies show that the value and effectiveness of a degree is not directly correlated to the price.  According to a survey conducted by Gallup, only 9% of business leaders consider where a job applicant went to school to be “very important.” Business leaders are really looking for job experience, interpersonal skills, and leadership ability.

Overall, yes, a college degree is worth it, but it depends on how much you paid for it. An cheaper in-state college will provide an education and job-readiness that is well worth the money compared to Ivy Leagues.

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Is college worth it?