What Is That College Degree Really Worth?
Thousands of people walk around the University of Louisville’s Belknap campus daily. This overwhelming number of Belknap students still does not constitute half of the entire University’s students as a whole, with the several different campuses and various online courses that are available. With this outrageous plethora of fellow students, it becomes difficult to assume that each student’s career path is worth pursuing. Knowing I’ll be in debt for years due to student loans, the constant stress of studying, and the possibility of not finding a career are all thoughts that have led me to ask, “is it worth it”?
It’s a common theory that attending college and earning a degree is a path to pursue when looking at various career options. However, there are several factors that contribute to the worth of a college degree. The majority of people seem to ignore several of these important factors while making life changing decisions about college, and their future as a whole. However, the major question at issue here is simply related to money in, money out. Is the amount of money you put in to college worth the amount of money you will get out of college?
Two highly significant factors that may play major roles in the worth of a college degree are the tuition costs of different degrees, along with average salaries in corresponding fields. An abundance of relevant issues that also need serious consideration are that 1) there are many careers that can be pursued without a degree, 2)
college educates you on things high school may have failed to, such as living on your own and handling your own finances, 3) the expense of college depends highly upon scholarships, and help from elsewhere, a perfect example being parents and grandparents. Lastly is factor 4), that how much you get out of college is significantly correlated to how your time is spent in college. A student can focus on earning a 4.0 GPA, or be more concerned with...