Earning Trajectories By Educational Attainment Essay

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During the final week of my senior year, many questions are pondering my mind, such as: where am I going to college, where should I go to college, where are my classmates going to college, will any of us become successful in the future? In today’s world there are many ways to find success. It can be at a 4-year institution, a 2-year institution, a trade school, or join the work force immediately. To ensure success, it is suggested that you go to college. If you are capable of going to college, go, it is a good investment.
We live in a very different world our parents did. Nytimes.com shares that not many decades ago, high school was to be considered the frontier of education. I believe that today, college is the frontier of education. Going to college has a lot of benefits. Primarily, you get an education that you can use for the rest of your life. Secondly, you will make more money than those who choose not to go to college. Thirdly, Collegeatlas.org says that a college degree is worth $365,000 for the average American man, and $185,000 for the average American woman. The same website also shared that a college education has more return on investment for a graduate in the United States than any other nation. It is now evident that if you are interested in making more money and want a higher chance at success, college is very important. In the next 10 years, I am very sure that a high school diploma wont be enough to land a job, more education will be required. I am well aware that college education is not for everyone. Plain and simple, some people just hate school. What those students need to keep in mind is, “how successful do I want to be in life?” Do I really want to be flipping burgers for the rest of my life only getting paid minimum wage?” If they want to live a happy successful life, the youth need find their own pursuit of happiness, and I believe that a college education is the gateway. It is a shame that not every student has the same opportunity. Some students will not get a college education because they might not have the academic skills or have enough money to afford a college education. Some students have to join the workforce immediately to help their families, which is okay because there are some jobs out there that pay well and do not require more education. It is just sad to see when students who would love to go to college cannot. Price will be a huge determining factor for many students on whether or not they go to college. Usatoday.com shared that actually many young Americans have decided to not go to college in the attempt of starting their own businesses. Venture capitalist Peter Thiel’s foundation has even started awarding $100,000 grants for young people to “skip college and focus on their work, their research, and their self-education.” This tells me that every student needs an opportunity; it can be by having a college education, or simply by someone giving students a chance to do something with their lives. Personally, I want more kids to go to college, but when I saw that on forbes.com, that given the current jobs and
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Brookings.edu shared a very interesting chart titled “Earning Trajectories by Educational Attainment. I was not surprised at the results. The chart shares that by age forty, a college graduate will make about $40,000 more than a high school graduate. To an immediate impact, by age 24 a college graduate will make $14,000 more than a high school graduate. Nytimes.com also shared that Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That’s up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s. In college you get much more than an education, you learn how to become independent. You learn how to learn rather than being taught. Another great reason why to go to college is if you go, your grandchildren will be more likely to go too: 71 percent of students with at least one parent who has a bachelor’s degree apply to college themselves. Only 26 percent of first-generation students (those with no parent who went beyond high school) apply to college says

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