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With the escalating cost of higher education, many people have begun to question the value of pursuing a college degree. The struggle to earn a living and attain valuable knowledge to increase future earning potential is a dilemma for many folks. In contrast, research has revealed that the rate of return on the investment to earn a school degree for both the individual and society over the long haul is over 118% normally.

Based on the united states Census Bureau, the holder of a school degree can earn over one million dollars in extra income over the course of their lifetime. One million dollars is an important amount of cash considering the cost associated with investing in a college degree ( Generally US $35,196). Knowing that someone who holds a college degree may earn one million dollars more within their lifetime supports the concept that higher education is a worthwhile investment. There are several other verifiable reasons to support going to college to earn a college degree, for example:

Financial value of getting a higher education university degree: An overview of the united states Census Bureau results reveals that over the working life of an adult, secondary school graduates earn a normal of $1.2 million; associate's degree holders earn approximately $1.6 million; and people who hold a four year degree earn about $2.1 million. Whenever you think about the large differences within earning between these categories, it makes the value of a university education and regular university degree service degree quite apparent. On the other hand, the united states Department of Education has determined that a full time student at a 4-year public university pays the average of $8,655 for tuition, room and board and a full time student at a public 2-year university pays a typical of $1,359 per year for tuition. Although advanced schooling may be costly, it dramatically increases a person's earning capacity.

Social value of getting a higher education university degree: In their 1992 report, Elchanan Cohn and Terry Geske found that "college graduates appear to have a more optimistic view of their past and future personal progress." The improved self-esteem of folks holding a college degree makes them more viable candidates for many positions within the economic situation together with the confidence to pursue those jobs.

Public value of getting a better education university degree: The Institute for Advanced schooling Policy has found that public benefits of attending college are greater productivity in the workplace, more workforce flexibility, increased tax benefits and much less need to count on governmental financial support. Men and women that hold a university degree revel in being self-sufficient because of their ability to earn an adequate living.

Personal value of getting a greater education university degree: Furthermore, the Institute for Formal education Policy reports that college graduates have higher levels of savings, more hobbies, increased professional mobility, a more suitable quality lifestyle for their children and even make better decisions as consumers. The skills learned while acquiring a school degree are usually applied in a beneficial manner to life.

Health value of earning a larger education university degree: The Cohn and Geske study in 1992 revealed that "parental schooling levels are positively correlated with the health status of their children" and "increased schooling are correlated with lower mortality for given age brackets". Plenty of people who hold a school degree pursue jobs they derive pleasure from which decreases stress and such jobs often offer better health care insurance plans to their employees, resulting in improved overall fitness.

So what will be the possibility of those that pursue a school degree but do not actually earn it? A study completed by Boesel and Fredland in 1999 found that those that don't complete their degree earn less than, or even the same amount as, 2-year university students. Since 600,000 students leave 4-year colleges yearly without graduating, it may be wise in certain circumstances to earn a 2-year degree before pursuing a 4-year degree. Earning a 2-year degree first can maximize personal earning potential without accruing educational debt for a 4-year program that could not be completed.