Friday, September 24, 2010

Value of College Degree > Education Debt

While I am fortunate to have parents that fulfilled their promise of assuming the financial burden of higher education, I know other students feel like they have the weight of the world on their shoulders when taking on debt to pay for school. Since I hope to be a college professor someday, I always search for articles that discuss the importance of obtaining a college education. I came across a blog post that provides a glimmer of hope for students who feel like they will never be able to pay off their education bills. The overall message is loud and clear: students with college degrees will reap the benefits of higher education long after they receive their diplomas.


According to a report issued by The College Board, the benefits of a college degree significantly outweigh the costs associated with obtaining one. One statistic in the article was particularly surprising: “Among ages 25 to 34, women with college degrees earned 79 percent more than those with high school diplomas, and men, 74 percent more”. While universities across the nation continue to steadily increase tuition and other student fees, the value of graduating from an accredited college has not been threatened. The article further discusses the lifelong benefits associated with having a college degree; like lower health costs because college education leads to healthier lifestyles.



So for all of you soon-to-be graduates who will assume $200,000 of debt as well as a USC degree--have no fear. You are already way ahead of this crazy game known as life.

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