Is college worth the cost?

Posted on January 5th, 2014

As we’ve written in the past, the high cost of college has many people questioning whether attending is worth all of the debt and time that could be spent working and making money.

With the rise of MOOCs and other forms of online education, some have argued that a formal college education is no longer a necessity to succeed.

The numbers, however, say differently. For non-college grads, unemployment rates are higher and median weekly earnings are much lower than those of college graduates.

And compared to traditional investments like stocks, gold, and corporate bonds, Associate’s and Bachelor’s degrees give you a better return on your investment.

In this funny, insightful video, John Green of VlogBrothers explains that when you consider its economic, social, psychological, mental, and intangible benefits, college is still worth attending, in spite of its high cost.

College isn’t about maximizing income; it’s about becoming a better and more informed observer of the universe.

In a world where about half of humans live on less than $2.50 a day, the opportunity to learn and study in a formal, dedicated way is still a gift, even if it has become a very expensive one.

Of course, just because college itself may be “worth it,” it doesn’t mean you shouldn’t be smart about where and how you spend your money. After all, student debt can impact your life for several years–even into your fifties, when you may be paying for your own children’s education.

If you need help figuring out how to afford college or pay back your student loan debt, give Rick and Andy a call at 1-888-234-3907 or send us a message.

Category: College Costs

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