“An investment in knowledge pays the best interest.” – Benjamin Franklin
Above words state that if we invest money in gaining education then we reap the best results. But these days people are reconsidering their decisions on getting higher education or college education. The cost of the college degree is quite a burden on the pockets now a day.
Students usually consider the costly tuition fees, high-interest student loan debts, the time consumed rather than thinking about that this will provide them benefits in the future. Many times attending the college becomes a tough decision for the students who come from financially weak backgrounds.
It’s really necessary to know whether getting a college degree is worth the time, money and effort.
For many students, being able to earn just after school or after graduation is an attractive idea. Since most of the students think their ultimate aim is to earn so there is really no difference for them.
So, taking a decision to complete a college education can be a difficult one.
Why one should go to college?
Education is simply the soul of a society as it passes from one generation to another.” – Gilbert Chesterton
Opportunity, yes this is the most important answer to this question. India’s major portion works in the service sector which is around 57% and this sector is based on the knowledge of the human force. They apply their knowledge and get the work done.
Importance of college education is that this education prepares the human resource for the service sector. It serves as the gateway to better options and more opportunities.
Students have the opportunity to read books and listen to the lectures of experts in their respective fields. This stimulation helps students to ponder, ask questions, and find new ideas, which allows for additional growth and development and provides college graduates with an extra edge in the job market over those who have not attained higher education.
The connections you have made during your college years help you in beginning your job search and in grabbing good jobs. And it doesn’t stop here also during your job there are various opportunities, having a college degree often gives you more promotion opportunities.
The Economic Value of college education
“Education’s purpose is to replace an empty mind with an open one.” – Malcolm Forbes
There is a lot of amount one spends on obtaining a college degree, although wages and salaries significantly vary with the number of years of experience. We can easily see the trends in job profiles how much work and salaries differs from graduate to postgraduate levels.
When we talk about the economic value of the higher education we see that throughout the career of a person in his working life he has promotion and increased earnings with the time. This is one of the best reasons to obtain a college degree.
Obtaining a college degree can be costly, but college graduates generally earn more money during their whole lives than those who do not finish or not attended college. The high costs of attending the college should be taken as an investment that pays off later in life.
The higher the level of education, the higher increases in the median earnings of the individuals.
In addition to higher incomes, college graduates are also categorized in higher job security positions and lower unemployment groups. Job positions that need a college degree also have additional benefits. These are financially advantageous to employees, such as insurance benefits and retirement plans.
Social Value of college education
“The direction in which education starts a man will determine his future in life.” – Plato
One of the most important things about education is that it forces you to have an open mind. The more you get to know about the world, the more you can understand and respect it. Stereotypes and prejudices disappear if you can understand the world.
You get your own opinion on the social issues when you have knowledge of the facts. Respect for the world is the best side effect of higher education.
Job and success are good things, but knowledge and education are so much more important than them. Life is not about a 9 to 5 job; life is the name of constant growth and learning.
Some research has findings that there is a link between increased mortality and college education. Like, researchers have shown that college-educated mothers devote a good amount of time in teaching their children values and educating them.
Some of the other benefits are increased public awareness of important issues, higher tax receipts, and lower unemployment rates.
Post-secondary education Options
After finishing a bachelor’s degree in 4 or 3 years as a full-time student, graduates can opt to continue on for post-graduate certificates, master’s degrees, or doctorate degree programs. All these will improve and focus an individual’s knowledge even more on that specific area or skill.
Satisfaction and Other Rewards
Lower unemployment rate and job security are directly related to the other rewards that can be gained by getting a college degree. There are many positions that require higher education, from certificates to doctorate degrees. These, in turn, offer flexibility in the working hours and vacation time, more freedom and decision-making responsibility in the workplace. These benefits contribute a lot to an employee’s sense of job satisfaction, which in turn creates a more optimistic and enjoyable work experience.
Employees generally who are satisfied have greater efficiency and they have very cordial relations with their co-workers. Also, they are free from the pressures of family and are at peace and harmony in their minds. This helps them in creating value for the company. Also, in the end, the overall achievement of targets which leads to growth and development of both the company and employees.
Other Benefits of Higher Education
Besides higher salaries, there are various other benefits associated with getting a higher education. In colleges, many students meet each other and they belong to different places and regions. Students learn about different cultures and origins. Also, there is an exchange of ideas, thoughts, and beliefs. They learn to live in harmony and peace with each other. This is their preparation for upcoming professional life in which also they will meet different people of different origins. They become more tolerant and they have an adjusting nature which is quite necessary for today’s workspaces.
Education is not preparation for life; Education is life itself.” – John Dewey
According to a recent study, nearly 600,000 students drop out of college every year. It is quite obvious that those who do not finish college have lower salaries than students who have attended the college. Also, those who attended the colleges have a better understanding of the environment and skills which they learned in the college. They have an overall knowledge of the job and they can work on any front without hesitation. Also, knowledge improves their general decision making. Hence, they are more efficient in handling the task according to the set principles laid to work.
In this way, we can say that college education enhances the personality of a person. Therefore, he has more opportunities in his hand. So, whenever you think about dropping higher education, rethink it and take proper and wise decisions.