Summary OfIs College A Sucker Bet?

In regards to the article “Is College a Sucker Bet?” By Dave Maney mentions the sociological idea that the more expensive and well-known college that you go to, you would make more money on your salary the better off you’ll be in life. At the present time, it turns that the economic value of a college degree is diminishing because of the fact that the majority of employers look at the types of colleges and social media of the candidates.

The article, “Should Everyone Go to College?” by Stephanie Owen and Isabel Sawhill disputes the widespread idea that attending college before joining the workforce is financially advantageous to everybody. The authors acknowledge that for some the investment of college results in a profit, but stipulate that several factors could result in a college degree costing more to obtain than the future benefits would reciprocate. They demonstrate that differences in factors such as major choice, school selectivity, and future job availability result in an enormous variation in the potential value of higher education. Owen and Sawhill state that the stereotype of an unconditionally lucrative outcome from college is inaccurate, misleading, and likely

In his article “Is College a Sucker Bet?” Dave Maney (2013) claims that the times for college are changing. He states that around this time of year, millions of Americans are experiencing their first college acceptances and rejections. Many parents are worried about where their kids are going to college, and how they will be able to afford it, which leads him to the question, “Is college a sucker bet?”

The article, “A College Degree Remains a Good Investment, but Debt Is an Issue” is an example of a convincing argument. It gives both the benefits and downfalls of the cost of receiving a bachelor’s degree. Starting with the benefits, the author provides data about the increase in pay that comes along with the degree. For example, the author writes “college-educated adults are more likely than others to receive health insurance and pension benefits from their employers, and in general a college education leads to healthier lifestyles, reducing health care costs” (Gale 1). It then moves into the downfalls of college education.

As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn

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The rise of college tuition along with room and board have lead many to believe that college isn’t worth the money. This among with the other factors of how getting a job into society is more difficult and that a college degree no longer competitive due to the high abundance of them. On the other side, many others urge the importance of a degree. They bring up how more jobs today require degrees, the return investment, and many other things.

Located in the 14th Edition of The Norton Reader, an article written by Carolina Bird titled “College is a Waste of Time and Money” can be found. In the article Bird argues that though college may be beneficial for a small percentage of students, but for the majority it is a waste of time and money. The benefits of a college degree can rely on many contributing factors, but for some college is simply a waste of time and money. Though most of the sources used in Bird's article are over four decades old, the argument today is still very strong. One example includes the idea that most students believe that college is the best thing for them to do for their future, and therefore they enroll, only to realize they are not happy and drop out. For other students their dream may have always been set on a specific career, putting college into the plan, but following graduation the job market for their degree is scarce. Within these two examples one would find support for the argument that college is a waste of time and money.

In their article “Should everyone go to college?” Stephanie Owen, Senior research assistant, and Isabel Sawhill, former Vice President of the Brookings Institute, argue that many factors lead to individuals not being able to attend college. They go on to claim these factors to be school choice, career field, graduation, and area of study. The article states that while on average the rate of return is usually positive, there are cases in which it is negative. One of their focal points is what it cost to attend college and its affordability. Claiming that with the rise in the cost of college, which progresses at a faster rate than that of the job wage increase, that college is becoming less affordable. In their conclusion a three step policy plan is included for individuals who plan to attend college. While realistically I agree that yes, some individuals should not go to college, my optimistic side would like to believe that everyone should and can go to college without it becoming a sour investment.

College is a dream that almost every American wants to come true, however, with the extreme rise in the costs of tuition it is a dream that has quickly turned into a nightmare. “Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen nearly four times,” (Davidson). “For the average American household that doesn 't receive a lot of financial aid, higher education is simply out of reach,” (Davidson). That is why many students have begun questioning the worth of a college degree and if the amount of debt that is received upon exiting college is all for the better. And considering that costs have risen much faster than the rate of inflation, many are starting to believe that college just isn 't necessary any more. However, according to White, economically, the answer would still be a yes. “While unemployment rates for new grads and experienced workers alike have fluctuated throughout the recession and recovery, the earnings premium that college-and advanced-degree holders enjoy over their peers who didn 't attend college has remained relatively stable, and in some instances, grown, according to the report that was released this week,” (White). A study was shown that many college grads are able to get earnings that are significantly higher than those who did not get enough education or only hold a high school diploma (White). Even

College tuition is an expensive entity to pay for and not many people have the luxury of having college being completely paid for, however, so many people that have previous experience like teachers, counselors, and parents, want students to pursue this expensive entity so their future is brighter. Why is being a college student becoming a luxury that fewer people can afford and attend to? Factors like the actual cost for college tuition, costs for higher education, the working class and their difficulties of paying for other things in addition to tuition, proposals from our government, and tuition remission, is when we begin to see how big of a problem tuition costs actually are. School is an important opportunity that I have taken like many of my teachers, parents, and government have told me to take, but I still struggle paying for it; if school is a value that people should be taking advantage of, tuition needs to be more affordable in order to do so.

Throughout the USA college tuition has increased drastically; in the last five years Georgia colleges have had 75% increase along with other states such as Arizona whose tuition has increased by 77% (NPR). Since 2006 the tuition in Utah has increased by 62.8% and is rising throughout the U.S. (Desert News). Between 1885-2016 the price of college has increased between 2.1% to 4.3% per year beyond inflation (CollegeBoard). Through calculations, that equates to about a hundred precent increase since 1885. It’s no secret that college tuition has skyrocketed, increasing student debt and leaving prospective students to ask “Is College Worth It?” college education is beneficial in that it teaches students valuable life lessons in responsibility, prepares students to enter the workforce and can be relatively inexpensive. The eduction is “college education” is worth every penny but America has created clichés to define the college experience which are expensive and unnecessary. In a radical new world a college education is required in many high paying jobs, which leads to the question “Is the experience of college all it is built up to be?” Through recent research, many articles and news mention about the value of higher education seem to only take account of is the financial aspect. A college education is worth what one makes it and is an investment in a future and in one’s self. The purpose of college the education is to be prepared to go into a the workforce having gained the

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

Which main argument is the income gap. Going back to the article “Even Cashiers College Pays Off”, the author writes, “...the returns from a degree have soared. Three decades ago, full-time workers with a bachelor’s degree made 40 percent more than those with only a highschool diploma. Last year, the gap reached 83 percent. College graduates, though hardly immune from the downturn, are also far less likely to be unemployed than non-graduates.” This though not completely dismantles the the debt counter argument against it. When you make more money it will help with the college payments you will eventually pay off. But it’s not about money for all. Though it is a big part of being successful I found that money wasn’t always a driving force. In my interview with Omar Harris, my father, he revealed to me that college has other pay offs. “ I didn't want to go to college at first. But in that year that I took off I observed my friends grow in a way that I saw myself not doing. They were maturing and though they had those childish attitudes and personalities I remembered. They had a sense of urgency to them that I only saw in adults and I didn’t want to to miss out on that growth.” Sometimes the experience is a very rewarding part of college. Learning the politics and the responsibility that comes with the real world has helped him become successful in his

Although a person in college can have a job, that person cannot work as much as someone who is not in college. At first this is a positive for not going to college because that would mean more money for the people not going to college. That is true but over years; the people with a college degree will end up with more money because of the higher annual salaries.