The Value of a College Degree Tomomura Shogo Miki Erika
The escalating cost of higher education is causing many to question the value of continuing education beyond high school. Many wonder whether the high cost of tuition, the opportunity cost of choosing college over full-time employment, and the accumulation of a thousands of dollars of debt is, in the long run, worth the investment. The risk is especially large for low-income families who have a difficult time making ends meet without the additional burden of college tuition and fees.
There is considerable support for the notion that the rate of return on investment in higher education is high enough to warrant the financial burden associated with pursuing a college degree. Though the earnings differential between college and high school graduates varies over time, college graduates, on average, earn more than high school graduate.
The cost of higher education is escalating, so many people wonder if it is valuable to continue education after finishing high school. The cost of tuition is high, so they worry about it. They also worry about the opportunity cost and much debt. They wonder if it will be worth the investment. There are families who have a difficult time making ends and don’t want to spend additional college tuition and fees. The risk is especially large for these families.
There is considerable support for a general idea that parents except the success of their children and they think the rate of investment in higher education is proportional to the college degree. Though the income of college graduates differs from high school graduates, on average college graduates earn more than high school graduates.