Higher Education Is More Necessary Today Than Ever Before!
In today’s challenging political and economic climate, many people are questioning whether or not it is important to have a higher education – and Edumuch.com deals extensively with this subject of education. The fact that a college or university degree seems to be out of reach for most people coupled with the fact that graduates are often chained to overwhelming debt has proven quite discouraging. Be that as it may, high school graduates should not give in to the overwhelming pressure of those who attempt to discourage them from seeking higher education. A new report from the Treasury Department and the Department of Education shows that the investment in higher education is still worthwhile.
Why Would Anyone Think Higher Education Is Unnecessary?
The findings of the Treasury Department/Department of Education report show that students and their families bear a far greater share of the costs of college and university than they did only a generation ago. Fees and tuition for four-year universities and colleges has doubled since the late 1980s. Simultaneously, the amount that is funded by local and state governments has been reduced by approximately one third. Furthermore, in-state tuition for public four-year universities and colleges has increased by approximately two thirds since the turn-of-the-century. This state of affairs has made it extremely difficult for the average American high school graduate to attain a higher education.
Is It Worth It?
Even with these challenges and hurdles, it is still considered worthwhile to pursue and attain higher education. Better educated people are more likely to find jobs and keep them and typically earn more money than those without a degree. Within this century workers holding a bachelor’s degree earned around a thousand dollars weekly. This is about two thirds more than those who only had a high school diploma. Furthermore, the unemployment rate for people who have only a high school degree is at about 10%. While that for people who hold a bachelor’s degree is just under 5%.
With A College Or University Degree, You Can Move Up And So Can Your Children
Attaining a higher education significantly increases a person’s chances of moving up the economic ladder. Furthermore, parents who have a higher education are more likely to have children who will be able to move up the economic ladder. As a matter of fact, children born to parents with higher education are about 75% more likely to continue progressing up the economic ladder than those born to parents who have only a high school degree.
It’s The Patriotic Thing To Do!
Businesses and companies in the United States are in need of a workforce that is highly skilled in order to compete in the global economy. Furthermore, an educated workforce boosts our nation’s competitiveness in the world, supports income mobility and leads to economic growth for our nation. All around the world, other nations are investing heavily in the education of their workforce and they are quickly outpacing the United States. If we are to remain at all competitive in the global economy, the US must have a highly skilled and well-educated workforce.