As college tuitions are becoming more expensive as the years go by, the overall value of getting a college degree has not been diminished all that much.
While a college degree, regardless of whether it is an associate, bachelor’s, master’s or doctorate, is not required for success, it is still a solid investment to make. Not to mention that a college degree is a prerequisite for many jobs and other forms of post-secondary education.
It is no secret that the cost of tuition is increasing for both private and public universities. According to CollegeBoard, the average cost of tuition and fees for public four-year universities, not including room and board, has risen from $7,280 in 2007-2008 to $9,970 per semester in 2017-2018. The cost for private colleges, with room and board excluded, has nearly increased by $8,000 per semester, as the average for 2017-2018 is $34,740. Also adding on to the supposed diminishing factors of a college degree is the existence of alternative options such as trade school and work experience.
College is expensive for sure, but a college degree that is put to good use can definitely make up for the cost, depending on major. STEM majors such as biology, chemistry, information technology, mathematics and engineering are especially lucrative. A degree in a STEM major can pave the way to make six-figure salaries that will pay off college fees in due time. Business, law, and medical degrees are also good money makers. That does not deter from majors in music, English or art as financial opportunities also exist for these. Any degree can lead to wealth and success as long as they are utilized.
Since many jobs and professional schools like law school require degrees, a college education is still a solid investment. Depending on location and job market, some majors are more useful than others, but a degree nonetheless is a good investment. Not to mention, college can add other credentials to a resume, such as networking, access to Greek organizations and experience in certain fields.
