Is a College Education Still Worth It in 2018?
Updated By Shelby on June 23, 2020
At a time when finding a job that pays enough to cover your cost of living and the cost of education seems impossible, the important question is: is it still worth it to earn a college degree? It’s important to look to the future to be sure getting your degree is in fact worthwhile. There is no doubt that a college education is still worth earning in 2018. Here are 10 reasons why:
1. It’s Often the Key to Promotion
Even if your dream job doesn’t require a degree to get hired, the chances are high that you’ll need a degree to grow within that field, promote up the chain, and make better money. That degree can give you the edge you need to be promoted over other candidates.
2. The Unemployment Rate Is Lower Among College Grads
While unemployment has continued to decrease in recent years, there is still a significant difference in the unemployment rates between high school grads and college grads, which are 5.3% and 2.5% respectively.
3. It Can Enrich Your Life
The information and lessons you learn as you navigate through your college education are priceless and enrich your life in ways you may not realize at the time. Not only that, furthering your education gives you the opportunity to continue gaining knowledge and improving your ability to learn, all of which will benefit your future no matter where it takes you.
Intersted in business? Learn about degrees you can earn online.
4. You’ll Likely Feel More Fulfilled
Maybe it’s all of the hard work and dedication it requires, or just the ability to say you’ve accomplished something so great, but, after earning your degree, you’re more likely to feel fulfilled—not only in your career, but also in your life in general.
5. There’s a Gap in Pay Between College Grads and High School Grads
College graduates are known to make more money* than their high school graduate counterparts, and this gap in pay continues to increase.
6. College Grads Tend to Be Healthier
Statistics in years past show that college grads tend to exercise more and smoke less than those who only have a high school education, ultimately leading to a healthier lifestyle.
7. You’re More Likely to Get a Job
Based on statistics since the end of the Great Recession in 2010, 11.4 million of the 11.6 million new jobs created went to people with at least some amount of college education. With those odds, you can’t afford not to get a degree if you want to secure a job in today’s market.
8. And That Job Is More Likely to Be Within Your Chosen Career Field
A 2014 poll conducted by the Pew Research Center found that, among college grads between ages 25 to 32, 86% said they were working a job that was either a stepping-stone to the career job they desire, or was in fact a career job.
9. And Offer Better Benefits
The majority of jobs that require a college degree offer more benefits, ranging from healthcare to retirement accounts, and a variety of other perks.
10. Do You Really Need Any More Reasons?
If the above-mentioned reasons aren’t enough to convince you that a college education is still worth pursuing in 2018, there are plenty of additional reasons out there to find. In addition to higher pay, better benefits, more fulfillment, and a lower unemployment rate, a college education gives you the opportunity to make connections with others within your chosen field that will no doubt benefit you throughout your career.
What Are You Waiting For?
The time to further your education and better your future is now—what are you waiting for? Contact Independence University today to request information, learn more about the programs we offer, and see just how a college education will benefit your current or future career. *The amount of increased earnings varies by field and degree. Source: U.S. Census Bureau https://www.census.gov/prod/2012pubs/p70-129.pdf (See Table 8).