Is a College Degree Worth It?
In today’s world, the benefits of a college degree—and the value of a college degree—are numerous.
If you’re on the fence about pursuing higher education, you’re probably wondering about the benefits of a college degree, including the value of a college degree.
Is a college degree still worth it? Is college a good investment? According to recent studies, the answer is a resounding yes.
The Value of a College Degree
Earning a degree is an investment of both your time and money, but it is one that pays off in many ways, including professionally, financially, and personally.
What are some of the main benefits of a college degree?
College graduates have higher paychecks.
According to the U.S. Bureau of Labor Statistics, those with a bachelor’s degree earned 61% more per week ($1,173) in 2017 than those with only a high school diploma ($712 per week). That number jumps even higher for those holding a master’s degree: $1,401 per week, nearly twice as much as those with a high school–level education.1
The disparity in pay is even higher when broken down into hourly wages, according to recent data from the Economic Policy Institute.
College graduates enjoy greater job security.
A college degree can also translate into greater job security. In 2017, college graduates saw an unemployment rate of 2.5%, while those who didn't complete high school experienced a rate more than three times as high (7.7%).2
College graduates earn more over a lifetime.
Still not sure if a college degree is worth it? Maybe this statistic will change your mind:
According to the Social Security Administration, men with a bachelor's degree will earn approximately $900,000 more in median lifetime earnings than those with only a high school diploma.3
College graduates enjoy greater career opportunities.
Another benefit of a college degree? More career opportunities. A college degree opens up a world of employment options unavailable to those with only a high school diploma. The value of a college degree doesn’t stop at career diversity and advancement. A higher education allows you to better yourself, achieve your academic goals, and reach your highest potential.
Walden University is an accredited institution offering bachelor’s, master’s, and doctoral degree programs online. Expand your career options and earn your degree using a convenient, flexible learning platform that fits your busy life.
Walden University is accredited by The Higher Learning Commission, www.hlcommission.org.