It seems every summer we read news article questioning the “value” of a college education. Do young people (and adults) need to go to college? Is the investment worth it? The answer is simply, yes! If as a guidance counselor, you are having a hard time convincing students, or more importantly, their stubborn parents, that their children need to earn a college degree ; here are just a few stats that will help you make the case.
- A recent pew research study found that a person aged 25-32 who holds a bachelor’s degree makes $17,500 more per year than someone with just a high school diploma.
- The Federal Reserve Bank shows the “rate of return” on a college degree between 14 and 15 percent, making it one of the best investments in our economy.
- Since the 1960’s, college grads make almost double what their high school diploma counterparts make. For women, it is even higher.
- The unemployment rate for those with college degrees is also much lower than those with just a high school diploma.
- The most powerful argument we can make is revealed by the following chart. Since the economic recovery began in 2010, research from Bloomburg found that 97% of the good paying jobs were landed by college graduates.
The cost of college has risen quickly, but the return on that bigger investment still outweighs the alternatives. College is not for everybody and there are plenty of good-paying careers that do not require a college degree, but in America, the safest ticket to the middle class continues to be higher education.
Vice President of Enrollment
With national student debt racking up and unemployment rates sky rocketing, who has the money to go to college?
In fact, research shows that now is the best time to earn your degree.
In an article by CNN, Andreas Schleicher, the education directorate of Organization for Economic Cooperation and Development, shares “Probably in these times, there is no better investment you can make than in your education. Rate of return is in the order of 10 to 15 percent. And then think about what other investments you can make these days where you get a similar rate of return.”
According to Collegeview, “the U.S. has been transformed from a manufacturing-based economy to an economy based on knowledge, and the importance of a college education today can be compared to that of a high school education forty years ago. It serves as the gateway to better options and more opportunity.” Having a degree can put you steps above other applicants when applying for a job, especially when interviewers have to narrow down a large number of applicants.
Need to see the numbers? According to the United States Census Bureau featured on College Atlas, individuals achieve the following degree levels earned the following median annual salaries:PhD’s, $100,000 or more; Master’s, $63,000; Bachelor’s, $55,700; Associate’s, $42,000; high school diploma, $32,500.
Where does Chatfield come in? We are the first step in the process of obtaining your education. Earning your Associate’s degree from Chatfield will enable you to pursue your long term goal.
In order to learn more about Admissions at Chatfield, click here.
Does going back to college seem like an impossible feat, something you could only dream about? Did you just graduate high school and decide you aren’t smart enough for college? Do you feel like you are out of options and have no where to turn?
If you are guilty of thinking these thoughts, you are wrong.
There is a place for you at Chatfield College, where we are in the business of making your big dreams come true.
Chatfield College is a small, faith-based Liberal Arts college with locations in St. Martin, Ohio and the historic Over-the-Rhine neighborhood of Cincinnati, Ohio