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Pros
Cons
Higher Earning Potential:
Having a college degree is linked to higher pay, according to a 2010 Educations Pays report from the College Board.
"The median earnings of bachelor's degree recipients working full-time year-round in 2008 were $55,700," reads the report. That's $21,900 more than what individuals with only a high school diploma earned.
Financial cost:
College is expensive. Most people do not have enough money to pay for their college education upfront, requiring them to take out loans. You may go out into the job field in debt. Student loans usually have a grace period of six months; if you don't find a job in that amount of time, you may end up having to make high payments without having a paycheck.
Job Satisfaction:
People with a higher level of education are more satisfied in their jobs than people who only have a high school diploma.
You Don't Always Need a Degree:
Many people are deciding to be entrepreneurs. If you are one of these people, a degree may not be necessary. You may want to invest the money you would have spent on your degree on going into business.
Job Stability:
Unemployment among college graduates during the recession was consistently lower than the unemployment rates of non-degree holders, according to the College Board.
Wasting Time:
Chasing a degree instead of doing things that really matter
Future Children Benefits:
Parents who had a higher education held higher expectations for their children to earn a degree. These parents were also more likely to pay for their children's education.
Nowadays you can get all required knowledge using distant education or using internet resources like Wikipedia.org or coursera.com.
In that case you can learn only what you need, at the rate which fits you the best and finally, at the convenient time, staying focused on work.
Healthier Lifestyle Choices and Life Expectancy:
College grads are less likely to smoke and more likely to exercise compared to high school
Cons
Higher Earning Potential:
Having a college degree is linked to higher pay, according to a 2010 Educations Pays report from the College Board.
"The median earnings of bachelor's degree recipients working full-time year-round in 2008 were $55,700," reads the report. That's $21,900 more than what individuals with only a high school diploma earned.
Financial cost:
College is expensive. Most people do not have enough money to pay for their college education upfront, requiring them to take out loans. You may go out into the job field in debt. Student loans usually have a grace period of six months; if you don't find a job in that amount of time, you may end up having to make high payments without having a paycheck.
Job Satisfaction:
People with a higher level of education are more satisfied in their jobs than people who only have a high school diploma.
You Don't Always Need a Degree:
Many people are deciding to be entrepreneurs. If you are one of these people, a degree may not be necessary. You may want to invest the money you would have spent on your degree on going into business.
Job Stability:
Unemployment among college graduates during the recession was consistently lower than the unemployment rates of non-degree holders, according to the College Board.
Wasting Time:
Chasing a degree instead of doing things that really matter
Future Children Benefits:
Parents who had a higher education held higher expectations for their children to earn a degree. These parents were also more likely to pay for their children's education.
Nowadays you can get all required knowledge using distant education or using internet resources like Wikipedia.org or coursera.com.
In that case you can learn only what you need, at the rate which fits you the best and finally, at the convenient time, staying focused on work.
Healthier Lifestyle Choices and Life Expectancy:
College grads are less likely to smoke and more likely to exercise compared to high school