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Cost Of College Education Essay

624 Words3 Pages

The generation of our grandparents and great-grandparents constitutes an important group in America's history, the baby boomers. This group represented a marked increase in the birth rate, and hence, a need for more educational institutions. The G.I. Bill, adopted after World War II, helped to provide for the education of many of these baby boomers, and the generations before them. This bill started a landmark increase in attendees of higher educational institutions, jumping from 1.5 million in 1940, to nearly 2.7 million in 1950, to an estimated 17 million students present day. While this trend has continued for the past half century, many today have begun to question the real value of a college education. Some even have asked whether or not it is even worth it. These hecklers of higher education have based their protests based on “crippling” student loan debt and the lessening value of a college degree. While these opponents make valid points, the opportunity cost of acquiring a college education is obscured …show more content…

Adequate amounts of college education will be key in being prepared for the future job market. If future generations aren't properly prepared for their future careers with the prerequisites a college education provides for, they'll be left floundering and surprised at their lack of skill needed for their career. College can be beneficial to the amount of earnings you may be able to make over the course of your career. Information from the Bureau of Labor Statistics reveals that people who have an associate's degree compared to those who have only a high school diploma make nearly $8,000 more per year. Furthermore, those who have went as far to acquire a bachelor's degree earn approximately $24,000 more a year. This advantage in today's slow economy could be the difference that determines whether you're below the poverty line or

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