Despite the High Costs of Higher Education, it is still worth the Investment
Major contrasting perspectives have been offered in relation to the need to invest huge amounts in higher education. The main aim of this is to acquire a college degree or credentials. The main arguments have focused on the worth of this degree and the wellness of the individual. While one group asserts that university degrees are worth the amount of money invested by public financing, other argue that it is too expensive and can easily be replaced with other forms of cheaper studies. Despite these, it is in my opinion that obtaining a university degree offers the individual greater chances as opposed to seeking other form of alternatives. More and more opportunities are being developed for the higher level graduates.
For a long time, obtaining a higher education degree has been associated with the ability to get better chances. It has been considered to be a pathway towards the middleclass. This position has been supported and disputed by several writers and authors. For instance, the White House (par.3) asserts that higher education is a great investment since it comes with many huge returns. This is true because it possesses better chances of employment and other job opportunities. It has more entry chances as opposed to other cheap alternatives.
It has also been argued that since the financial amount required to obtain a college degree is very expensive, students are expected to pay their fee using student loans (Barr par. 1-3). As such, most of the graduates have left college recently with huge amounts of loans. This coupled with the tough economic times and an elevated rate of unemployment has made them more frustrated. They are neither able to sustain their needs nor repay the loans. It becomes worse for them when most of the financial institutions consider them as non trust worthy thus obscuring more chances for them to get financial aid (The U.S News par. 1-5).
The Economist, on the other hand, provides both aspects of the debate. One of this is depicted in the form of how worth investing in higher education is. On the contrary, it highlights a recent hint by the President of the United States. In his statement, he claims that other graduates with lower college credentials have a better chance of starting a trade in comparison to a graduate with a degree in art history. This is true to some extent.
Although it may seem logical for one to take the cheaper college options as opposed to investing in the expensive higher education, the latter is still a viable option. This is because it offers a higher chance of upgrading. With the knowledge and skills acquired, students are able to venture into a number of well paying activities when compared to those with lower levels of education. The worth and wellness of the education and student is usually evident immediately after graduation. However, once the graduate is able to land a proper job, the level of advancement towards the middle class is inevitable. It is because of this that TNCPPHE (par. 1) depicts how most governments are willing to take the chances of investing in higher education.
my opinion, the idea that higher education is an investment worth for a group
of people is true (The U.S News par. 1-5). This is the group that does proper
research into the market. They choose the appropriate courses to pursue. In
turn, they are readily marketable after their studies and are able to access
the worth and well being that comes with the benefits of higher education.
These are besides the usual financial advantages.
Barr, Nicholas. Higher Education funding. Oxford review of economic policy, Vol. 20 (2). 2004: pp. 264-283. Web http://oxrep.oxfordjournals.org/content/20/2/264.short
The Economist. Higher education: Is college worth it? 2014. Web http://www.economist.com/news/united-states/21600131-too-many-degrees-are-waste money-return-higher-education-would-be-much-better
The National centre for public policy and higher education (TNCPPHE). The Educational Pipeline: Big Investment, Big Returns. 2004. Web. http://www.highereducation.org/reports/pipeline/
The U.S News. Is a college degree still worth it? 2014. Web http://www.usnews.com/debate club/is-a-college-degree-still-worth-it
The White House. Education: Knowledge and Skills for the Jobs of the Future. 2014. Web http://www.whitehouse.gov/issues/education/higher-education