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Is a College Education Worth It?
College Education
The American debate over whether a college education is worth it began when the colonists arrived from Europe and founded "New College" (later renamed Harvard University) in 1636. With 20.2 million US college students in 2015 and average student debt at over $28,950, the debate continues today.

People who argue that college is worth it contend that college graduates have higher employment rates, bigger salaries, and more work benefits than high school graduates. They say college graduates also have better interpersonal skills, live longer, have healthier children, and have proven their ability to achieve a major milestone.

People who argue that college is not worth it contend that the debt from college loans is too high and delays graduates from saving for retirement, buying a house, or getting married. They say many successful people never graduated from college and that many jobs, especially trades jobs, do not require college degrees. Read more background...

Top Pro & Con Arguments

College graduates make more money. On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime, as of Apr. 2013. [8] Earning an associate's degree (a 2-year degree) was worth about $170,000 more than a high school diploma over a lifetime in 2011. [9] The median income for families headed by a bachelor's degree holder was $100,096 in 2011—more than double than that for a family headed by a high school graduate. [10] The median increase in earnings for completing the freshman year of college was 11% and the senior year was 16% in 2007. [11] 85% of Forbes' 2012 America's 400 Richest People list were college grads. [12]



More and more jobs require college degrees. During the recession between Dec. 2007 and Jan. 2010, jobs requiring college degrees grew by 187,000, while jobs requiring some college or an associate's degree fell by 1.75 million and jobs requiring a high school degree or less fell by 5.6 million. [13] According to a June 2016 study, 99% of job growth (or 11.5 million of 11.6 million jobs) between 2010 and 2016 went to workers with associate's degrees, bachelor's degrees or graduate degrees. [104] Based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some college education or a degree. [14]



College graduates have more and better employment opportunities. In Apr. 2013, the unemployment rate for college graduates aged 25 and over with a bachelor's degree was 3.6%, compared to 5.0% for associate's degree holders, 7.5% for high school graduates, and 11.4% for high school drop-outs. [8] In 2015, 6.2% of college graduates were underemployed (insufficient work), compared to 12.9% of high school-only graduates and 18.7% of people without a high school diploma. [101] College graduates are more likely to receive on-the-job formal (22.9%) or informal (17.2%) training, more access to technology, greater autonomy, and ability to enhance skills compared to high school graduates. [14] 58% of college graduates and people with some college or associate's degrees reported being "very satisfied" with their jobs compared to 50% of high school graduates and 40% of people without a high school diploma. [11]



College graduates are more likely to have health insurance and retirement plans. 70% of college graduates had access to employer-provided health insurance compared to 50% of high school graduates in 2008. [15] 70% of college graduates 25 years old and older had access to retirement plans in 2008 compared to 65% of associate's degree holders, 55% of high school graduates, and 30% of people who did not complete high school. [11]



Young adults learn interpersonal skills in college. Students have the opportunity to interact with other students and faculty, to join student organizations and clubs, and to take part in discussions and debates. According to Arthur Chickering's "Seven Vectors" student development theory, "developing mature interpersonal relationships" is one of the seven stages students progress through as they attend college. [16] Students ranked "interpersonal skills" as the most important skill used in their daily lives in a 1994 survey of 11,000 college students. [17] Vivek Wadhwa, MBA, technology entrepreneur and scholar, states, "American children party [in college]. But you know something, by partying, they learn social skills. They learn how to interact with each other…They develop skills which make them innovative. Americans are the most innovative people in the world because of the education system." [18]



College graduates are healthier and live longer. 83% of college graduates reported being in excellent health, while 73% of high school graduates reported the same. [11] In 2008, 20% of all adults were smokers, while 9% of college graduates were smokers. [11] 63% of 25 to 34 year old college graduates reported exercising vigorously at least once a week compared to 37% of high school graduates. [11] College degrees were linked to lower blood pressure in a 30-year peer-reviewed study and lower levels of cortisol (the stress hormone) by a Carnegie Mellon Psychology department study. [15] In 2008, 23% of college graduates aged 35 to 44 years old were obese compared to 37% of high school graduates. [11] College graduates, on average, live six years longer than high school graduates. [19, 20]



College graduates have lower poverty rates. The 2008 poverty rate for bachelor's degree holders was 4%, compared to a 12% poverty rate for high school graduates. [11] In 2005, married couples with bachelor's degrees were least likely to be below the poverty line (1.8%) compared to 2.7% of associate's degree holders, 4.6% of couples with some college, and 7.1% of high school graduates. [21] According to the US Census Bureau, 1% of college graduates participated in social support programs like Medicaid, National School Lunch Program, and food stamps compared to 8% of high school graduates in 2008. [11]



The children of college graduates are healthier and more prepared for school. A Lancet medical journal study from 1970 to 2009 showed college graduates had lower infant mortality rates than high school graduates. [15] Mothers with only a high school education are 31% more likely to give birth to a low-birth-weight baby than a woman with a college degree. [11] Children aged 2 to 5 years old in households headed by college graduates have a 6% obesity rate compared to 14% for children in households headed by high school graduates. [11] 18% more children aged 3 to 5 years old with mothers who have a bachelor's degree could recognize all letters compared to children of high school graduates. [11] In 2010, 59% of children in elementary and middle school with at least one college graduate for a parent participated in after-school activities like sports, arts, and scouting compared 27% for high school graduate parents. [21]



College graduates are more productive as members of society. Henry Bienan, PhD, President Emeritus of Northwestern University, argues that a college education results in "greater productivity, lower crime, better health, [and] better citizenship for more educated people." [22] A 2009 study found 16 to 24 year old high school drop-outs were 63% more likely to be incarcerated than those with a bachelor's degree or higher. [23] According to the Bureau of Labor Statistics, from Sep. 2008 to Sep. 2009, 43% of college graduates did volunteer work compared to 19% of high school graduates and 27% of adults in general. [11] In 2005, college graduates were more like to have donated blood in the past year (9%) than people with some college (6%), high school graduates (4%), and people who did not complete high school (2%). [21]



College graduates attract higher-paying employers to their communities. A 1% increase in college graduates in a community increases the wages of workers without a high school diploma by 1.9% and the wages of high school graduates by 1.6%. [21]



Learning is always worthwhile. According to Rebecca Mead, staff writer for The New Yorker, college teaches students "to nurture critical thought; to expose individuals to the signal accomplishments of humankind; to develop in them an ability not just to listen actively but to respond intelligently;" all of which "are habits of mind…from which a letter carrier, no less than a college professor, might derive a sense of self-worth." [24] In 2011 74% of students said college helped them "grow intellectually" and 69% said college helped them grow and mature as people. [25] Jonathan D. Fitzgerald, MA, Visiting Professor at Eastern Nazarene College, argues, "The value of a liberal arts college education --to you, to employers-- is that you've spent four years in a place where you were forced to consider new ideas, to meet new people, to ask new questions, and to learn to think, to socialize, to imagine. If you graduate, you will get a degree, but if you are not a very different person from who are you are today, then college failed." [26]



College allows students to explore career options. Colleges offer career services, internships, job shadowing, job fairs, and volunteer opportunities in addition to a wide variety of courses that may provide a career direction. Over 80% of college students complete internships before graduation, giving them valuable employment experience before entering the job market. [27]



People who do not go to college are more likely to be unemployed and, therefore, place undue financial strain on society, making a college degree worth it to taxpayers. Young people "not engaged in employment/education or training," AKA NEET, are more likely to receive welfare than youth in general, they are more likely to commit crimes, and they are more likely to receive public health care, all costing the government extra money. In total, each NEET youth between the ages of 16 and 25 impose a $51,350 financial burden on society per year, and after the person is 25 he or she will impose a financial burden of $699,770. [28] The total cost of 6.7% of the US population being NEET youth is $4.75 trillion, which is comparable to half of the US public debt. [29]



Colleges provide networking value. Harvard Business School estimates that 65 to 85% of jobs are acquired through networking. [30] College students can join fraternities and sororities, clubs, and teams as well as participate in a variety of social functions to meet new people and network with possible business connections. Internships offered through colleges often lead to mentors or useful contacts within a student's preferred field. Many colleges offer social media workshops, networking tips, career-related consultation, and alumni networks. [31]



College education has a high return as an investment. Return on investment (ROI) is calculated by dividing the gain from an investment (here the money earned as a result of a college degree) by the cost of the investment (the money spent on a college degree). A college degree has a return of 15% per year as an investment, larger than the stock market (6.8%) and housing (0.4%). [32] Completing some college, but not earning a degree, resulted in a 9.1% return on investment. [8] If a student spent $17,860 (the average cost of tuition and room and board in 2012-2013 for four years at a public university [33]), that student could expect a 15% return of $2,679 each year. According to a 2011 Pew Research survey, 86% of college graduates believed college was a good personal investment. [25]



College exposes students to diverse people and ideas. Students live, go to classes, and socialize with other students from around the world and learn from professors with a variety of expertise. The community of people on a college campus means students are likely to make diverse friends and business connections, and, potentially, find a spouse or mate. Access to a variety of people allows college students to learn about different cultures, religions, and personalities they may have not been exposed to in their home towns, which broadens their knowledge and perspective. In 2004, 79% of people with graduate degrees and 73% of college graduates thought it "very important to try to understand the reasoning behind the opinions of others" compared to 67% of associate degree holders, 64% of high school graduates, and 59% of high school drop-outs. [21]



Earning a college degree is a major life achievement. College graduation can represent an attainment of the American Dream, the culmination of years of hard work for the student, and the payoff for sacrifices made by supporting parents and friends. Blogger Darrius Mind wrote that his graduation day at Wilberforce University was, "probably the best day of my entire life. That was the day I finished my challenge to myself and also the day I made history in my family, it was the day I EARNED my college degree." [34]



Student loan debt is crippling for college graduates. Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012--a 91% increase since 2003. [35] 10% of students graduate with over $40,000 in debt and about 1% have $100,000 in debt. [36] The average student borrower graduated in 2011 with $26,600 in debt. [36] According to the US Congress Joint Economic Committee, approximately 60% of 2011 college graduates have student loan debt balances equal to 60% of their annual income. [37] Missing or being late for loan payments often results in a lower credit score and additional fees, thus escalating the debt problem and potentially jeopardizing future purchases and employment. [36]



Student loan debt often forces college graduates to live with their parents and delay marriage, financial independence, and other adult milestones. According to a 2012 Federal Reserve Study, 30-year-olds who have never taken out a student loan are now more likely to own homes than those who have taken out loans. Auto loans are also trending down at faster rates for those with student debt history than for those without. [35] In 2013, student loan borrowers delayed retirement saving (41%), car purchases (40%), home purchases (29%), and marriage (15%). [38] Less than 50% of women and 30% of men had passed the "transition to adulthood" milestones by age 30 (finishing school, moving out of their parents' homes, being financially independent, marrying, and having children); in 1960, 77% of women and 65% of men had completed these milestones by age 30. [39]



Many college graduates are employed in jobs that do not require college degrees. According to the Department of Labor, as of 2008, 17 million college graduates were in positions that did not require a college education. [6] 1 in 3 college graduates had a job that required a high school diploma or less in 2012. [5] More than 16,000 parking lot attendants, 83,000 bartenders, 115,000 janitors and 15% of taxi drivers have bachelor's degrees. [6] College graduates with jobs that do not require college degrees earn 30-40% less per week than those who work in jobs requiring college degrees. [40]



Many recent college graduates are un- or underemployed. In 2011 50% of college graduates under 25 years old had no job or a part-time job. [4] The unemployment rate for recent college graduates was 8.8% in Feb. 2013, down from 10.4% in 2010, but up from 5.7% in 2007. [41] The underemployment (insufficient work) rate for college graduates in 2015 was 6.2% overall: 5.2% for white graduates, 8.4% for Hispanic graduates, and 9.7% for black graduates. [101] According to the Federal Reserve Bank of New York, 44% of recent college graduates were underemployed in 2012. [42]



Many people succeed without college degrees. According to the Bureau of Labor Statistics, of the 30 projected fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate's degree, six require a bachelor's degree, and six require graduate degrees. [43] The following successful people either never enrolled in college or never completed their college degrees: Richard Branson, founder and chairman of the Virgin Group; Charles Culpepper, owner and CEO of Coca Cola; Ellen Degeneres, comedian and actress; Michael Dell, founder of Dell, Inc.; Walt Disney, Disney Corporation founder; Bill Gates, Microsoft founder; Steve Jobs, co-founder of Apple; Wolfgang Puck, chef and restauranteur; Steve Wozniak, co-founder of Apple; Mark Zuckerberg, founder of Facebook. [44]



Many students do not graduate and waste their own and their government's money. Over 25% of students who enroll in college do not return for the second year. [45] About 44% of students at four-year colleges dropped out according to a Feb. 2011 study. [46] The federal government allocated $176.83 billion for college loans, grants, tax benefits, and work studies in 2013. [48] State governments spent $81.2 billion supporting public colleges in 2012. [49] Students who started bachelor's degrees in the fall of 2002 but did not graduate within six years accounted for $3.8 billion in lost income, $566 million in lost federal income taxes, and $164 million in lost state income taxes in one year. [50] The government gets fewer tax dollars from non-college graduates than from college graduates who have higher wages. [50] Students who drop out during the first year of college cost states $1.3 billion and the federal government $300 million per year in wasted student grant programs and government appropriations for colleges. [50]



Student debt overwhelms many seniors. Whether they co-signed for a child or grandchild's education, or took out loans for their own educations, in 2012 there were 6.9 million student loan borrowers aged 50 and over who collectively owed $155 billion with individual average balances between $19,521 and $23,820. [51] Of the 6.9 million borrowers, 24.7% were more than 90 days delinquent in payments. [51] Almost 119,000 of older borrowers in default were having a portion of their Social Security payments garnished by the US government in 2012. [52]



Learning a trade profession is a better option than college for many young adults. Trade professions are necessary for society to function, require less than four years of training, and often pay above average wages. The high number of young adults choosing college over learning a trade has created a 'skills gap' in the US and there is now a shortage of 'middle-skill" trade workers like machinists, electricians, plumbers, and construction workers. One 2011 survey of US manufacturers found that 67% reported a "moderate to severe shortage of talent," [53] "Middle-skill" jobs represent half of all jobs in the US that pay middle-class wages. [54] According to the Bureau of Labor Statistics, "middle-skill" jobs will make up 45% of projected job openings through 2014, but as of 2012 only 25% of the workforce had the skills to fill those jobs. [55]



College degrees do not guarantee learning or job preparation. Many students graduate from college with little understanding of math, reading, civics, or economics. [56] In 2011, 35% of students enrolled in college reported they studied 5 hours or less per week and there was a 50% decline in the number of hours a student studied and prepared for classes compared to a few decades ago. [57] 36% of students demonstrated no significant improvement on Collegiate Learning Assessments after 4 years of college. [58] In 2013 56% of employers thought half or fewer of college graduates had the skills and knowledge to advance within their companies. [59] 30% of college graduates felt college did not prepare them well for employment, specifically in terms of technical and quantitative reasoning skills. [60] A 2011 Pew Research survey found that 57% of Americans felt higher education did not provide students with good value compared to the money spent. [25]



Student debt could cause another financial crisis. As of 2012 student loan debt was over $1 trillion dollars, and more than 850,000 student loans were in default. [61] According to the National Association of Consumer Bankruptcy Attorneys, student loans are "beginning to have the same effect" on the economy that the housing bubble and crash created. [62] Former Secretary of Education William Bennett, PhD, agrees that the student loan debt crisis "is a vicious cycle of bad lending policies eerily similar to the causes of the subprime mortgage crisis." [63] On Feb. 3, 2012, an advisory council to the Federal Reserve also warned that the growth in student debt "has parallels to the housing crisis." [64] As of Jan. 2013, the rate of default on student loans hit 15.1%--a nearly 22% increase since 2007. [65]



Tuition has risen quicker than income, making it difficult for the average American to pay for college without incurring debt. The average cost for a 4-year degree (including room and board) increased 130% for private schools and 131.4% for public schools from fall 1982 to fall 2012, while median family income increased 10.9%. [41] Published annual tuition rates for 4-year public colleges increased 27% ($1,850) from the 2007-2008 school year to the 2012-2013 school year on average. [66] Tuition at public four-year colleges is up 27% beyond overall inflation. [67]



Too many students earning degrees has diluted the value of a bachelor's degree. Rita McGrath, PhD, Associate Professor at Columbia Business School, stated "Having a bachelor's used to be more rare and candidates with the degree could therefore be more choosy and were more expensive to hire. Today, that is no longer the case." [68] A high unemployment rate shifts the supply and demand to the employers' favor and has made master’s degrees the "new bachelor's degrees." [68] According to James Altucher, venture capitalist and finance writer, "college graduates hire only college graduates, creating a closed system that permits schools to charge exorbitant prices and forces students to take on crippling debt." [69]



The total cost of going to college also includes the cost of missing opportunities to make money at a job. The total cost of going to college means more than tuition, fees, and books; it also includes an opportunity cost which equals at least four years of missed wages and advancements from a full-time job--about $49,000 for a 4-year degree and $20,000 for a 2-year degree. [8]



A college degree is no guarantee of workplace benefits. In 2013, 68.9% of employed new college graduates did not receive health insurance through their employers and, in 2011, 27.2% received retirement coverage (down from 41.5% in 2000). [41]



Student loan debt may not be forgiven in bankruptcy and may not have the same borrower protections as other consumer debt. A 2011 study found 60% of people attempting to discharge student loan debt in bankruptcy were unsuccessful. [70] In order to discharge a student loan in bankruptcy, the borrower must prove "undue hardship," which can be difficult as in the case of Doug Wallace, Jr. who fought for six years to have his $38,000 in student loans discharged after becoming blind and being unable to work; his student loans were not discharged although his medical debt was immediately discharged. [71] Medical, legal, credit card, loan, and even gambling debt can immediately be discharged in bankruptcy. [71] Private student loans often do not have the same protections as federal loans like income-based repayments, discharges upon death, or military deferments. [61]



Colleges may be indoctrinating students instead of educating them. According to William Hare, PhD, Professor Emeritus at Mount Saint Vincent University, "teachers may abuse their power and authority and seek to impose certain beliefs and values, actively discouraging their students from raising problems or objections." [72] A 2010-2011 UCLA survey of full-time faculty at 4-year colleges found 50.3% identified as "liberal" compared to 11.5% who identified as "conservative." [73] David Horowitz, MA, conservative activist and author, asserts that university "curriculum has been expanded to include agendas about ‘social change’ that are overtly political." [74]



College stress can lead to health problems and other negative consequences. 40.2% of college students reported feeling "frequently overwhelmed" in a 2012 survey about stress levels. [75] According to the University of Florida’s Counseling & Wellness Center, "The competition for grades, the need to perform, relationships, fear of AIDS, career choice, and many other aspects of the college environment cause stress." [76] According to the Director of Student Health Services at Biola University, college stress can lead to "headaches, weight gain, chronic digestive disorders, fatigue, increases [in] blood pressure, insomnia, teeth grinding in sleep, general irritability, reoccurring feeling of hopelessness, depression and anxiety and low self-esteem." [77]



Top Pro & Con Arguments
Pro
1

College graduates make more money. On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate... Read More


Pro
1

College graduates make more money.

On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime, as of Apr. 2013. [8] Earning an associate's degree (a 2-year degree) was worth about $170,000 more than a high school diploma over a lifetime in 2011. [9] The median income for families headed by a bachelor's degree holder was $100,096 in 2011—more than double than that for a family headed by a high school graduate. [10] The median increase in earnings for completing the freshman year of college was 11% and the senior year was 16% in 2007. [11] 85% of Forbes' 2012 America's 400 Richest People list were college grads. [12]



Pro
2

More and more jobs require college degrees. During the recession between Dec. 2007 and Jan. 2010, jobs requiring college degrees grew by 187,000, while… Read More


Pro
2

More and more jobs require college degrees.

During the recession between Dec. 2007 and Jan. 2010, jobs requiring college degrees grew by 187,000, while jobs requiring some college or an associate's degree fell by 1.75 million and jobs requiring a high school degree or less fell by 5.6 million. [13] According to a June 2016 study, 99% of job growth (or 11.5 million of 11.6 million jobs) between 2010 and 2016 went to workers with associate's degrees, bachelor's degrees or graduate degrees. [104] Based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some college education or a degree. [14]



Pro
3

College graduates have more and better employment opportunities. In Apr. 2013, the unemployment rate for college graduates aged 25 and over with a… Read More

Pro
3

College graduates have more and better employment opportunities.

In Apr. 2013, the unemployment rate for college graduates aged 25 and over with a bachelor's degree was 3.6%, compared to 5.0% for associate's degree holders, 7.5% for high school graduates, and 11.4% for high school drop-outs. [8] In 2015, 6.2% of college graduates were underemployed (insufficient work), compared to 12.9% of high school-only graduates and 18.7% of people without a high school diploma. [101] College graduates are more likely to receive on-the-job formal (22.9%) or informal (17.2%) training, more access to technology, greater autonomy, and ability to enhance skills compared to high school graduates. [14] 58% of college graduates and people with some college or associate's degrees reported being "very satisfied" with their jobs compared to 50% of high school graduates and 40% of people without a high school diploma. [11]


Pro
4

College graduates are more likely to have health insurance and retirement plans. 70% of college graduates had access to employer-provided health… Read More


Pro
4

College graduates are more likely to have health insurance and retirement plans.

70% of college graduates had access to employer-provided health insurance compared to 50% of high school graduates in 2008. [15] 70% of college graduates 25 years old and older had access to retirement plans in 2008 compared to 65% of associate's degree holders, 55% of high school graduates, and 30% of people who did not complete high school. [11]


Pro
5

Young adults learn interpersonal skills in college.Students have the opportunity to interact with other students and faculty, to join student… Read More


Pro
5

Young adults learn interpersonal skills in college.

Students have the opportunity to interact with other students and faculty, to join student organizations and clubs, and to take part in discussions and debates. According to Arthur Chickering's "Seven Vectors" student development theory, "developing mature interpersonal relationships" is one of the seven stages students progress through as they attend college. [16] Students ranked "interpersonal skills" as the most important skill used in their daily lives in a 1994 survey of 11,000 college students. [17] Vivek Wadhwa, MBA, technology entrepreneur and scholar, states, "American children party [in college]. But you know something, by partying, they learn social skills. They learn how to interact with each other…They develop skills which make them innovative. Americans are the most innovative people in the world because of the education system." [18]


Pro
6

College graduates are healthier and live longer. 83% of college graduates reported being in excellent health, while 73% of high school graduates…Read More


Pro
6

College graduates are healthier and live longer.

83% of college graduates reported being in excellent health, while 73% of high school graduates reported the same. [11] In 2008, 20% of all adults were smokers, while 9% of college graduates were smokers. [11] 63% of 25 to 34 year old college graduates reported exercising vigorously at least once a week compared to 37% of high school graduates. [11] College degrees were linked to lower blood pressure in a 30-year peer-reviewed study and lower levels of cortisol (the stress hormone) by a Carnegie Mellon Psychology department study. [15] In 2008, 23% of college graduates aged 35 to 44 years old were obese compared to 37% of high school graduates. [11] College graduates, on average, live six years longer than high school graduates. [19, 20]


Pro
7

College graduates have lower poverty rates. The 2008 poverty rate for bachelor's degree holders was 4%, compared to a 12% poverty rate for high school… Read More


Pro
7

College graduates have lower poverty rates.

The 2008 poverty rate for bachelor's degree holders was 4%, compared to a 12% poverty rate for high school graduates. [11] In 2005, married couples with bachelor's degrees were least likely to be below the poverty line (1.8%) compared to 2.7% of associate's degree holders, 4.6% of couples with some college, and 7.1% of high school graduates. [21] According to the US Census Bureau, 1% of college graduates participated in social support programs like Medicaid, National School Lunch Program, and food stamps compared to 8% of high school graduates in 2008. [11]


Pro
8

The children of college graduates are healthier and more prepared for school. A Lancet medical journal study from 1970 to 2009 showed college graduates… Read More


Pro
8

The children of college graduates are healthier and more prepared for school.

A Lancet medical journal study from 1970 to 2009 showed college graduates had lower infant mortality rates than high school graduates. [15] Mothers with only a high school education are 31% more likely to give birth to a low-birth-weight baby than a woman with a college degree. [11] Children aged 2 to 5 years old in households headed by college graduates have a 6% obesity rate compared to 14% for children in households headed by high school graduates. [11] 18% more children aged 3 to 5 years old with mothers who have a bachelor's degree could recognize all letters compared to children of high school graduates. [11] In 2010, 59% of children in elementary and middle school with at least one college graduate for a parent participated in after-school activities like sports, arts, and scouting compared 27% for high school graduate parents. [21]


Pro
9

College graduates are more productive as members of society. Henry Bienan, PhD, President Emeritus of Northwestern University, argues that a... Read More


Pro
9

College graduates are more productive as members of society.

Henry Bienan, PhD, President Emeritus of Northwestern University, argues that a college education results in "greater productivity, lower crime, better health, [and] better citizenship for more educated people." [22] A 2009 study found 16 to 24 year old high school drop-outs were 63% more likely to be incarcerated than those with a bachelor's degree or higher. [23] According to the Bureau of Labor Statistics, from Sep. 2008 to Sep. 2009, 43% of college graduates did volunteer work compared to 19% of high school graduates and 27% of adults in general. [11] In 2005, college graduates were more like to have donated blood in the past year (9%) than people with some college (6%), high school graduates (4%), and people who did not complete high school (2%). [21]


Pro
10

College graduates attract higher-paying employers to their communities. A 1% increase in college graduates in a community increases the wages of… Read More


Pro
10

College graduates attract higher-paying employers to their communities.

A 1% increase in college graduates in a community increases the wages of workers without a high school diploma by 1.9% and the wages of high school graduates by 1.6%. [21]


Pro
11

Learning is always worthwhile. According to Rebecca Mead, staff writer for The New Yorker, college teaches students "to nurture critical thought… Read More


Pro
11

Learning is always worthwhile.

According to Rebecca Mead, staff writer for The New Yorker, college teaches students "to nurture critical thought; to expose individuals to the signal accomplishments of humankind; to develop in them an ability not just to listen actively but to respond intelligently;" all of which "are habits of mind…from which a letter carrier, no less than a college professor, might derive a sense of self-worth." [24] In 2011 74% of students said college helped them "grow intellectually" and 69% said college helped them grow and mature as people. [25] Jonathan D. Fitzgerald, MA, Visiting Professor at Eastern Nazarene College, argues, "The value of a liberal arts college education --to you, to employers-- is that you've spent four years in a place where you were forced to consider new ideas, to meet new people, to ask new questions, and to learn to think, to socialize, to imagine. If you graduate, you will get a degree, but if you are not a very different person from who are you are today, then college failed." [26]


Pro
12

College allows students to explore career options. Colleges offer career services, internships, job shadowing, job fairs, and volunteer…Read More


Pro
12

College allows students to explore career options.

Colleges offer career services, internships, job shadowing, job fairs, and volunteer opportunities in addition to a wide variety of courses that may provide a career direction. Over 80% of college students complete internships before graduation, giving them valuable employment experience before entering the job market. [27]


Pro
13

People who do not go to college are more likely to be unemployed and, therefore, place undue financial strain on society, making a college degree worth… Read More


Pro
13

People who do not go to college are more likely to be unemployed and, therefore, place undue financial strain on society, making a college degree worth it to taxpayers.

Young people "not engaged in employment/education or training," AKA NEET, are more likely to receive welfare than youth in general, they are more likely to commit crimes, and they are more likely to receive public health care, all costing the government extra money. In total, each NEET youth between the ages of 16 and 25 impose a $51,350 financial burden on society per year, and after the person is 25 he or she will impose a financial burden of $699,770. [28] The total cost of 6.7% of the US population being NEET youth is $4.75 trillion, which is comparable to half of the US public debt. [29]


Pro
14

Colleges provide networking value. Harvard Business School estimates that 65 to 85% of jobs are acquired through networking. College students can… Read More


Pro
14

Colleges provide networking value.

Harvard Business School estimates that 65 to 85% of jobs are acquired through networking. [30] College students can join fraternities and sororities, clubs, and teams as well as participate in a variety of social functions to meet new people and network with possible business connections. Internships offered through colleges often lead to mentors or useful contacts within a student's preferred field. Many colleges offer social media workshops, networking tips, career-related consultation, and alumni networks. [31]


Pro
15

College education has a high return as an investment. Return on investment (ROI) is calculated by dividing the gain from an investment (here the money… Read More


Pro
15

College education has a high return as an investment.

Return on investment (ROI) is calculated by dividing the gain from an investment (here the money earned as a result of a college degree) by the cost of the investment (the money spent on a college degree). A college degree has a return of 15% per year as an investment, larger than the stock market (6.8%) and housing (0.4%). [32] Completing some college, but not earning a degree, resulted in a 9.1% return on investment. [8] If a student spent $17,860 (the average cost of tuition and room and board in 2012-2013 for four years at a public university [33]), that student could expect a 15% return of $2,679 each year. According to a 2011 Pew Research survey, 86% of college graduates believed college was a good personal investment. [25]


Pro
16

College exposes students to diverse people and ideas. Students live, go to classes, and socialize with other students from around the world and learn… Read More


Pro
16

College exposes students to diverse people and ideas.

Students live, go to classes, and socialize with other students from around the world and learn from professors with a variety of expertise. The community of people on a college campus means students are likely to make diverse friends and business connections, and, potentially, find a spouse or mate. Access to a variety of people allows college students to learn about different cultures, religions, and personalities they may have not been exposed to in their home towns, which broadens their knowledge and perspective. In 2004, 79% of people with graduate degrees and 73% of college graduates thought it "very important to try to understand the reasoning behind the opinions of others" compared to 67% of associate degree holders, 64% of high school graduates, and 59% of high school drop-outs. [21]


Pro
17

Earning a college degree is a major life achievement. A 1% increase in college graduates in a community increases the wages of… Read More


Pro
17

Earning a college degree is a major life achievement.

College graduation can represent an attainment of the American Dream, the culmination of years of hard work for the student, and the payoff for sacrifices made by supporting parents and friends. Blogger Darrius Mind wrote that his graduation day at Wilberforce University was, "probably the best day of my entire life. That was the day I finished my challenge to myself and also the day I made history in my family, it was the day I EARNED my college degree." [34]


Con
1

Student loan debt is crippling for college graduates. Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and… Read More


Con
1

Student loan debt is crippling for college graduates.

Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012--a 91% increase since 2003. [35] 10% of students graduate with over $40,000 in debt and about 1% have $100,000 in debt. [36] The average student borrower graduated in 2011 with $26,600 in debt. [36] According to the US Congress Joint Economic Committee, approximately 60% of 2011 college graduates have student loan debt balances equal to 60% of their annual income. [37] Missing or being late for loan payments often results in a lower credit score and additional fees, thus escalating the debt problem and potentially jeopardizing future purchases and employment. [36]


Con
2

Student loan debt often forces college graduates to live with their parents and delay marriage, financial independence, and other adult milestones. Read More


Con
2

Student loan debt often forces college graduates to live with their parents and delay marriage, financial independence, and other adult milestones.

According to a 2012 Federal Reserve Study, 30-year-olds who have never taken out a student loan are now more likely to own homes than those who have taken out loans. Auto loans are also trending down at faster rates for those with student debt history than for those without. [35] In 2013, student loan borrowers delayed retirement saving (41%), car purchases (40%), home purchases (29%), and marriage (15%). [38] Less than 50% of women and 30% of men had passed the "transition to adulthood" milestones by age 30 (finishing school, moving out of their parents' homes, being financially independent, marrying, and having children); in 1960, 77% of women and 65% of men had completed these milestones by age 30. [39]


Con
3

Many college graduates are employed in jobs that do not require college degrees. According to the Department of Labor, as of 2008, 17 million college… Read More

Con
3

Many college graduates are employed in jobs that do not require college degrees.

According to the Department of Labor, as of 2008, 17 million college graduates were in positions that did not require a college education. [6] 1 in 3 college graduates had a job that required a high school diploma or less in 2012. [5] More than 16,000 parking lot attendants, 83,000 bartenders, 115,000 janitors and 15% of taxi drivers have bachelor's degrees. [6] College graduates with jobs that do not require college degrees earn 30-40% less per week than those who work in jobs requiring college degrees. [40]


Con
4

Many recent college graduates are un- or underemployed. In 2011 50% of college graduates under 25 years old had no job or a part-time job. The unemployment… Read More


Con
4

Many recent college graduates are un- or underemployed.

In 2011 50% of college graduates under 25 years old had no job or a part-time job. [4] The unemployment rate for recent college graduates was 8.8% in Feb. 2013, down from 10.4% in 2010, but up from 5.7% in 2007. [41] The underemployment (insufficient work) rate for college graduates in 2015 was 6.2% overall: 5.2% for white graduates, 8.4% for Hispanic graduates, and 9.7% for black graduates. [101] According to the Federal Reserve Bank of New York, 44% of recent college graduates were underemployed in 2012. [42]


Con
5

Many people succeed without college degrees. According to the Bureau of Labor Statistics, of the 30 projected fastest growing jobs between 2010 and… Read More


Con
5

Many people succeed without college degrees.

According to the Bureau of Labor Statistics, of the 30 projected fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate's degree, six require a bachelor's degree, and six require graduate degrees. [43] The following successful people either never enrolled in college or never completed their college degrees: Richard Branson, founder and chairman of the Virgin Group; Charles Culpepper, owner and CEO of Coca Cola; Ellen Degeneres, comedian and actress; Michael Dell, founder of Dell, Inc.; Walt Disney, Disney Corporation founder; Bill Gates, Microsoft founder; Steve Jobs, co-founder of Apple; Wolfgang Puck, chef and restauranteur; Steve Wozniak, co-founder of Apple; Mark Zuckerberg, founder of Facebook. [44]


Con
6

Many students do not graduate and waste their own and their government's money. Over 25% of students who enroll in college do not return for the second... Read More


Con
6

Many students do not graduate and waste their own and their government's money.

Over 25% of students who enroll in college do not return for the second year. [45] About 44% of students at four-year colleges dropped out according to a Feb. 2011 study. [46] The federal government allocated $176.83 billion for college loans, grants, tax benefits, and work studies in 2013. [48] State governments spent $81.2 billion supporting public colleges in 2012. [49] Students who started bachelor's degrees in the fall of 2002 but did not graduate within six years accounted for $3.8 billion in lost income, $566 million in lost federal income taxes, and $164 million in lost state income taxes in one year. [50] The government gets fewer tax dollars from non-college graduates than from college graduates who have higher wages. [50] Students who drop out during the first year of college cost states $1.3 billion and the federal government $300 million per year in wasted student grant programs and government appropriations for colleges. [50]


Con
7

Student debt overwhelms many seniors. Whether they co-signed for a child or grandchild's education, or took out loans for their own educations, in… Read More


Con
7

Student debt overwhelms many seniors.

Whether they co-signed for a child or grandchild's education, or took out loans for their own educations, in 2012 there were 6.9 million student loan borrowers aged 50 and over who collectively owed $155 billion with individual average balances between $19,521 and $23,820. [51] Of the 6.9 million borrowers, 24.7% were more than 90 days delinquent in payments. [51] Almost 119,000 of older borrowers in default were having a portion of their Social Security payments garnished by the US government in 2012. [52]


Con
8

Learning a trade profession is a better option than college for many young adults. Trade professions are necessary for society to function, require… Read More


Con
8

Learning a trade profession is a better option than college for many young adults.

Trade professions are necessary for society to function, require less than four years of training, and often pay above average wages. The high number of young adults choosing college over learning a trade has created a 'skills gap' in the US and there is now a shortage of 'middle-skill" trade workers like machinists, electricians, plumbers, and construction workers. One 2011 survey of US manufacturers found that 67% reported a "moderate to severe shortage of talent," [53] "Middle-skill" jobs represent half of all jobs in the US that pay middle-class wages. [54] According to the Bureau of Labor Statistics, "middle-skill" jobs will make up 45% of projected job openings through 2014, but as of 2012 only 25% of the workforce had the skills to fill those jobs. [55]


Con
9

College degrees do not guarantee learning or job preparation. Many students graduate from college with little understanding of math, reading, civics… Read More


Con
9

College degrees do not guarantee learning or job preparation.

Many students graduate from college with little understanding of math, reading, civics, or economics. [56] In 2011, 35% of students enrolled in college reported they studied 5 hours or less per week and there was a 50% decline in the number of hours a student studied and prepared for classes compared to a few decades ago. [57] 36% of students demonstrated no significant improvement on Collegiate Learning Assessments after 4 years of college. [58] In 2013 56% of employers thought half or fewer of college graduates had the skills and knowledge to advance within their companies. [59] 30% of college graduates felt college did not prepare them well for employment, specifically in terms of technical and quantitative reasoning skills. [60] A 2011 Pew Research survey found that 57% of Americans felt higher education did not provide students with good value compared to the money spent. [25]


Con
10

Student debt could cause another financial crisis. As of 2012 student loan debt was over $1 trillion dollars, and more than 850,000 student loans were… Read More


Con
10

Student debt could cause another financial crisis.

As of 2012 student loan debt was over $1 trillion dollars, and more than 850,000 student loans were in default. [61] According to the National Association of Consumer Bankruptcy Attorneys, student loans are "beginning to have the same effect" on the economy that the housing bubble and crash created. [62] Former Secretary of Education William Bennett, PhD, agrees that the student loan debt crisis "is a vicious cycle of bad lending policies eerily similar to the causes of the subprime mortgage crisis." [63] On Feb. 3, 2012, an advisory council to the Federal Reserve also warned that the growth in student debt "has parallels to the housing crisis." [64] As of Jan. 2013, the rate of default on student loans hit 15.1%--a nearly 22% increase since 2007. [65]


Con
11

Tuition has risen quicker than income, making it difficult for the average American to pay for college without incurring debt. The average cost for a… Read More


Con
11

Tuition has risen quicker than income, making it difficult for the average American to pay for college without incurring debt.

The average cost for a 4-year degree (including room and board) increased 130% for private schools and 131.4% for public schools from fall 1982 to fall 2012, while median family income increased 10.9%. [41] Published annual tuition rates for 4-year public colleges increased 27% ($1,850) from the 2007-2008 school year to the 2012-2013 school year on average. [66] Tuition at public four-year colleges is up 27% beyond overall inflation. [67]


Con
12

Too many students earning degrees has diluted the value of a bachelor's degree. Rita McGrath, PhD, Associate Professor at Columbia Business School… Read More


Con
12

Too many students earning degrees has diluted the value of a bachelor's degree.

Rita McGrath, PhD, Associate Professor at Columbia Business School, stated "Having a bachelor's used to be more rare and candidates with the degree could therefore be more choosy and were more expensive to hire. Today, that is no longer the case." [68] A high unemployment rate shifts the supply and demand to the employers' favor and has made master’s degrees the "new bachelor's degrees." [68] According to James Altucher, venture capitalist and finance writer, "college graduates hire only college graduates, creating a closed system that permits schools to charge exorbitant prices and forces students to take on crippling debt." [69]


Con
13

The total cost of going to college also includes the cost of missing opportunities to make money at a job. The total cost of going to college means more… Read More


Con
13

The total cost of going to college also includes the cost of missing opportunities to make money at a job.

The total cost of going to college means more than tuition, fees, and books; it also includes an opportunity cost which equals at least four years of missed wages and advancements from a full-time job--about $49,000 for a 4-year degree and $20,000 for a 2-year degree. [8]


Con
14

A college degree is no guarantee of workplace benefits. In 2013, 68.9% of employed new college graduates did not receive health insurance through their… Read More


Con
14

A college degree is no guarantee of workplace benefits.

In 2013, 68.9% of employed new college graduates did not receive health insurance through their employers and, in 2011, 27.2% received retirement coverage (down from 41.5% in 2000). [41]


Con
15

Student loan debt may not be forgiven in bankruptcy and may not have the same borrower protections as other consumer debt. A 2011 study found 60% of people… Read More


Con
15

Student loan debt may not be forgiven in bankruptcy and may not have the same borrower protections as other consumer debt.

A 2011 study found 60% of people attempting to discharge student loan debt in bankruptcy were unsuccessful. [70] In order to discharge a student loan in bankruptcy, the borrower must prove "undue hardship," which can be difficult as in the case of Doug Wallace, Jr. who fought for six years to have his $38,000 in student loans discharged after becoming blind and being unable to work; his student loans were not discharged although his medical debt was immediately discharged. [71] Medical, legal, credit card, loan, and even gambling debt can immediately be discharged in bankruptcy. [71] Private student loans often do not have the same protections as federal loans like income-based repayments, discharges upon death, or military deferments. [61]


Con
16

Colleges may be indoctrinating students instead of educating them. According to William Hare, PhD, Professor Emeritus at Mount Saint Vincent… Read More


Con
16

Colleges may be indoctrinating students instead of educating them.

According to William Hare, PhD, Professor Emeritus at Mount Saint Vincent University, "teachers may abuse their power and authority and seek to impose certain beliefs and values, actively discouraging their students from raising problems or objections." [72] A 2010-2011 UCLA survey of full-time faculty at 4-year colleges found 50.3% identified as "liberal" compared to 11.5% who identified as "conservative." [73] David Horowitz, MA, conservative activist and author, asserts that university "curriculum has been expanded to include agendas about ‘social change’ that are overtly political." [74]


Con
17

College stress can lead to health problems and other negative consequences. 40.2% of college students reported feeling "frequently overwhelmed" in… Read More


Con
17

College stress can lead to health problems and other negative consequences.

40.2% of college students reported feeling "frequently overwhelmed" in a 2012 survey about stress levels. [75] According to the University of Florida’s Counseling & Wellness Center, "The competition for grades, the need to perform, relationships, fear of AIDS, career choice, and many other aspects of the college environment cause stress." [76] According to the Director of Student Health Services at Biola University, college stress can lead to "headaches, weight gain, chronic digestive disorders, fatigue, increases [in] blood pressure, insomnia, teeth grinding in sleep, general irritability, reoccurring feeling of hopelessness, depression and anxiety and low self-esteem." [77]



Did You Know?
  1. 20.2 million students were enrolled in colleges and universities in 2015, compared to 13.5 million in 1990, 7.9 million in 1970, and 2.7 million in 1949. [2] [3] [102]

  2. In 2011, 50% of US college graduates under 25 years old had no job or only a part-time job. [4]

  3. One in three college graduates had a job that only required a high school diploma or less in 2012, including more than 16,000 parking lot attendants, 83,000 bartenders, and 115,000 janitors with bachelor's degrees. [5] [6]

  4. In Aug. 2013, approximately 6,900 accredited colleges and universities were operating in the United States, compared to 3,535 in 1990 and 1,851 in 1950. [7] [2]

  5. In Apr. 2013 the unemployment rate for college graduates over 25 years old was 3.6% compared to 7.5% for high school graduates. [8]





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Archived Notices (archived after 30 days) Last updated on 10/27/2016 11:01:05 AM PST