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Abstract
"If you think the price of education is expensive, try the price of ignorance. ... " A recent study published in USA Today reporting on an American Council on Education study documented an average degree-holder gain of over six hundred thousand lifetime dollars above the high school-educated worker. ... Education is expensive but its cost pales in comparison to the cost of ignorance. ...
The Value of a College Education
Introduction
Student success reflects the goals and expectations students bring with them to college, the progress they make in courses and programs, and the educational outcomes they attain. ... However, in the community college, graduation may not be the only true measure of success. ... However, given the complex nature of the community college, this definition of success is probably the most defensible.
In our current economy, the need for a college education becomes increasingly valuable despite the high cost of tuition and loans. The demand for skilled, college-educated workers is high. A college education can also determine your future income potential and in many cases, it is the only way a person can climb up the socioeconomic ladder. There are theories that suggests why the need for a college education has been growing – competition in wages and skill-biased technology, and other variations. ... Statistically, a person with a college education generates a great deal more income in a lifetime than a high school graduate. ... The higher your college degree, i. ... Rather, education is the most important way in which people can become top earners. Besides the differences in incomes among the college-educated and non-college-educated, there are also differences in employment opportunities among college educated, high school educated, and high school dropouts. ... Your education also holds the key to what kinds of jobs or career you can or cannot obtain. According to the National Center For Education Statistics, post-secondary degree attainment is associated with better access to employment and higher earnings. ...
Skill-biased Technology
The second theory for the increase in need for a college education has been called "skill-biased technological change". ... (Irons, 1998) Even if these theories were to be debunked, the idea that a college education is more valuable that a high school education is correct. On average, a limited education limits’ a person’s employment opportunities. Rather, how much education one can obtain will affect how broad one’s job opportunity outlook will be.
Approximate Word count = 1945
Approximate Pages = 7.8
(250 words per page double spaced)
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