Is A College Education Still Worth the Cost?

-------------------------------------
-------------------------------------
  • offtocollege post - please share:
  • Higher education, especially college, has been considered vital to the future of the younger generation for many years. But recently everyday news seems to say otherwise – “college loan rates have doubled up,” “college is expensive and not all people can afford it,” and “a college education is not paying off anymore.” This could mean that the value of a college education is not as important as it has been in the past.

    Is this really the case right now? Let’s take a look at new research, where 1,600 self-employed, part-time, and full-time working adults were surveyed. Accordingly, only 35 percent of the respondents said that their college education is applicable to the nature of their current job, while 51 percent said that only some aspects of their education is applicable to their present career choice. Unfortunately, 13 percent said that none of their learning can be applied to their job. So from these findings, is a college degree worth it? The survey suggests that schools should learn to adapt to the present needs of the students, especially when it comes to preparing them for their chosen jobs and careers.  This way, students will significantly feel that a college education is worth the cost.

    Important note: a college degree can still pay off

    While it’s true that unemployment is high and graduates are having a hard time finding a job, people who have never attended college will definitely experience even more difficulties landing a good paying job. Having a college degree is not an instant way to be successful in your career, but it can be considered as the first step to achieving your economic and financial success in the long run. Plus, when you have a college education, your odds of eventually getting a high-paying job are higher than those who didn’t have a college education.

    Some people say that going to college is so expensive that the earnings they make when they start working can no longer justify the cost of education. But, can they even get a job or career of their choice if they didn’t attend college, anyway? Probably not. We should be concerned about these current points of view regarding a college education and make corrections to them, so as not to discourage students from attending and continuing their career path.

    What are the ways to fund your college education?

    • Choose your school carefully – With the high costs of a college education these days, it’s really important to make careful school choices, since you will be tapping into your parents’ finances or even taking out a college loan yourself. Depending on your high school academic performance and school choices, the costs of a college education varies significantly.
    • Look for scholarship options – Scholarships are not only for athletes and geniuses, if you just dig a little deeper and thoroughly research different scholarship openings, you may be able to find one.
    • Attend a school close to home – One of the toughest parts of going to college is leaving your home and your family. But you have to consider the fact that the room and board expenses also contribute to the already inflated cost of college. If possible, try to live at home for the first two years of college; doing so can slash a big chunk of the cost from your miscellaneous expenses.
    • Be wise in choosing a part-time job – The idea of engaging in part-time work is to earn extra cash during your free time. However, if you choose a part-time job more wisely you can also cut some of your daily expenses, aside from the income you earn. There are cafeterias or restaurants that offer free meals to their employees or bakeries that usually sell foods at an extremely low price at the end of the day since they cannot re-sell goods the next day. Take advantage of these perks, because you can get additional savings while enjoying your part-time work.
    • Apply for student loans – Probably one of the most convenient ways to help ease the financial load of a college education is to apply for student loans. You just have to carefully choose the available options and maintain good credit to be eligible for student loans with reasonable rates. While you can get student loans even with poor credit, you will be paying more for the interest rate in the long run, so it’s better to keep a clean credit slate while you’re in your early stages of life as an adult.

    Amy Johnson is an active blogger who is fond of sharing interesting finance related articles to encourage people to manage and protect their finances.

    do us a quick favor and please share this article - and don't forget to comment

    Comments

    Time limit is exhausted. Please reload CAPTCHA.