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Is college a worthwhile expense?

2020-06-24 来源: 51Due教员组 类别: 写作技巧

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下面为大家整理一篇优秀的essay代写范文 -- Is college a worthwhile expense? 文章讲述这显然表明,大学支出是许多州高度重视的事实,而且它们倾向于增加对教育的投资。有人怀疑在教育上投入这么多钱的必要性。他们认为,教育没有我们想象的那么有价值,因为有些人在退出大学后就成功了,例如比尔·盖茨和史蒂夫·乔布斯。但是,将如此大比例的财政预算分配给大学教育实际上是个人所带来的一项有价值的活动,它带来了经济和社会效益。

 

Is college a worthwhile expense?

Education used to be a major mean to build a talent, while in recent years it suffers from many questions from society. Especially under the background of economic downturn, heated debate begins to revolve around the issue that whether more money should be paid to education. According to Tyler who do research on the state’s spend on education,

“Lawmakers in Indiana recently approved a $500 million funding increase over two years for state colleges and universities, a 14.6% increase, following four years of cuts. New Hampshire's governor has proposed increasing the university budget for the coming academic year by $20 million, or 37%. And state lawmakers in Florida recently approved a budget that increases higher-education funding by $314 million, or 8.3%, following seven years of cuts”(Tyler Kingkade).

It obviously reveals the fact that college and university expenditure is a high attention of many states and they are prone to increasing their investment in education. Some people doubt the necessity of investing so substantial money in education. They hold the view that education is not as valuable as we have imagined because some people succeeded after they quit university, such Bill Gates and Steve Jobs. However, allocating such a significant portion of the fiscal budgets to college education actually is a worthwhile activity given by the individual, economic and social benefits education brings about.

    IHEP asserts that "Postsecondary education is undoubtedly a long-term investment that benefits both individual students and society as a whole." Joe Buhrmann, from Country Financial, also stated, "Even with the cost of college rising faster than inflation, a college degree is more valuable than ever." But why are economists and researchers so confident in the value of an investment in higher education?

    First, it benefits individuals. Before entering the workplace, it is a good idea to take advantage of this opportunity for social growth and learning, along with other young people who are doing the same. In fact, many young people are uncertain about a career path at the start of college. College time will give them a chance to better know their likes and dislikes before entering the workplaces, and will also enhance the likelihood of a more lucrative career for them. It is a time of exploration, and taking this time to explore a variety of college majors is deserving. If a student explores a major that appeals to him, the payoff will be much larger than that without an education. Furthermore, the more formal education a student has, the more confident he’ll be. According to a research in terms of the relationship between education and confidence, “ It likely has to do with the boost to one’s self-esteem and confidence that comes with making it through a higher education program. Studies conducted by the College Board and others like it have found that those who have completed additional schooling are not only more well-equipped to handle mental challenges, but also report a higher level of satisfaction when doing so”(Wann). Thus, people with higher education tend to be more confident and self-satisfied. Besides, as a new graduate, when a student goes out into the society, those job interviewers will base an opinion of him largely on his college education. Even though students are aware of their own competence, interviewers are not. If the education on a student’s resume looks impressive, interviewers are more apt to see him as a hard working, competent young person. Students’ attitudes towards jobs also differ as their education differs. According to data in terms of attitudes towards jobs of people with different educational levels, “Turning to attitudes toward work, employed Millennial college graduates are more likely than their peers with a high school diploma or less education to say their job is a career or a steppingstone to a career (86% vs. 57%). In contrast, Millennials with a high school diploma or less are about three times as likely as college graduates to say their work is “just a job to get [them] by” (42% vs. 14%)”(“The Rising”). Therefore, people with higher education tend to have a correcter view on their jobs.

    Second, it benefits economy. President Obama has ever stated that higher education is "an economic imperative," explaining that, "at a time when the unemployment rate for individuals with at least a college degree is about half that of the national average, higher education has never been more important". Ideally, college is a worthwhile expenditure. Recent research indicates that the average college graduate makes approximately one million dollars more during the span of his or her career than a person with only a high school education. According to the U. S. Census Bureau's figures for the year 2008, the average earnings of a full-time working individual with only a high school diploma was approximately $34,200. If you obtain a four-year bachelor's degree, your average salary jumps to $57,000. A percentage of those extra dollars is returned many times over to the same federal, state, and local treasuries that financed those students' education. When our graduates pay taxes on that income at a higher bracket rate -- and on that nicer house and nicer car they buy in the local economy -- they are putting money back into the system. So money spent on higher education is an investment that not only feeds our economy, it rewards taxpayers for a wise investment. And the rewards keep happening for as long as the college educated worker remains employed.

Third, it benefits our society. On across 15 OECD countries, a 30-year-old male tertiary graduate can expect to live another 51 years, while a 30 year-old man who has not completed upper secondary education can expect to live an additional 43 years. Therefore, people with higher  education can live longer than people with lower education. Education has directly influenced the longevity of our society, which is a symbol of the development of a country. Moreover, in 27 OECD countries, on average, 80% of young tertiary graduates say they vote, while only 54% of young adults who have not completed upper secondary education do so. The difference in voting rates by level of education is much smaller among older age groups(Crossfire). Thus, education also influences the voting rate of our society, which plays an important in the political fields. Furthermore, it can increase employment rate. “For those with a high school diploma but no college degree, only 55% had jobs before the recession. That fell to 51% during the recession and 47% after the recession ended. For those with an associate’s degree, the employment rate went from 64% before the recession to 62% during, and down to 57% after the downturn ended. Those with a bachelor’s degree had the strongest performance and they got through the recession with the least amount of pain. Their employment rate went from 69% before the recession, to 67% during and 65% after it ended”(Susan Adams). Therefore, once more people get higher education, the employment rate in our society will be higher. Through the previous evidence, it is marked that education can affect many aspects of our society. It brings significant benefits to our society, not only through higher employment opportunities and income but also via longevity and higher voting rate. By fully recognizing the power of education, policy makers could better address diverse societal challenges.

Despite the attention prominent politicians and government officials continue to give to the topic of education, there is still debate about whether college is a worthwhile investment. According to IHEP’s recent findings, people often perceive college affordability to be worse than it really is: “many students and families are unaware of the magnitude of the grant aid and tax credits available to them.” (Daniel Shoag). These misconceptions lead to many people overestimating the cost of obtaining a college degree. It is important to note IHEP's statement that "the public significantly overestimates the price of college," is not an argument against the claim that college is expensive. For the 2011-2012 academic year, the average cost of tuition and fees was $28,500 at private colleges and $8,244 for state residents at public colleges (College Board). These are inarguably significant numbers. The point being made is that fixating on the "sticker price" of higher education and thinking about college as an annual, out-of-pocket payment is not the correct way to approach postsecondary education costs. While the cost of college may be overwhelming, it is important to recognize that the net price -- the price students and families actually pay -- is often significantly less than posted tuition prices. Many different forms of grant aid, loans, and tax credits are available to students and their families to decrease tuition prices. In addition to the $169 billion state and local governments spend annually on their higher education institutions (much of which is put towards subsidized tuition), the government awards $15 billion in grants to about 5.5 million students, provides $8 billion per year in tax credits, and grants over $85 billion in loans (Gruber, Public Finance and Public Policy). These governmental efforts combine to make the average net price of higher education significantly less than tuition prices. For example, in the U.S. in 2007-2008, data has shown the fact of grand aid. "low-income students received enough grant aid on average to cover the entire tuition and fees at public two-and four-year colleges" (IHEP, Is College Affordable?).

    Although there is still debate about whether college is a worthwhile investment, for most Americans the path to higher future earnings involves a four-year college degree. We show that the value of a college degree remains high, and the average college graduate can recover the costs of attending. Once the investment is paid for, it continues to pay dividends through the rest of the worker’s life, leaving college graduates with substantially higher lifetime earnings than   peers with a high school degree. In any case, investing in higher education is the best bet an individual can make. College education just secures one’s place in the workforce and actualizes one's earning potential. By comparing the costs and benefits of higher education, it becomes explicitly clear that college is in fact a worthwhile investment.

 

 

 

 

 

Works Cited

“Crossfire: Is college worth it?” CNN News. cnn.com.Web. 22 August 2013. 

http://edition.cnn.com/video/data/2.0/video/bestoftv/2013/08/22/exp-tsr-crossfire-supp-cutter-college.cnn.html?iref=allsearch

Judith Burns. “Bring back polytechnics, argues higher education report.” BBC news. bbc.com.Web. 9 June 2013.

http://www.bbc.com/news/education-22818497

Muscatine, Charles. Fixing College Education: A New Curriculum for the Twenty-first Century. Virginia: U of Virginia P, 2009.

http://muse.jhu.edu/books/9780813928326

Sharma, Yojana. “What do you do with millions of extra graduates?” BBC news. bbc.com.Web. 1 July 2014.

http://www.bbc.com/news/business-28062071

Daniel Shoag. “The Impact of Government Spending Shocks: Evidence on the Multiplier from State Pension Plan Returns.” Harvard University. Web. 2010.

http://www.hks.harvard.edu/fs/dshoag/Documents/shoag_jmp.pdf

College Board. Trends in College Pricing. The United States: Trends in Higher Education Board, 2013.

https://trends.collegeboard.org/college-pricing

Tyler Kingkade. “State Education Spending Still Lower Than In 2008: Report.” The Huffington Post. huffingtonpost.com. Web. 28 May 2013.

http://www.huffingtonpost.com/2013/05/28/state-education-spending-report_n_3348097.html

 Lizzie Wann. “Why Your College Degree Has More Value Than You Think.” brazencareerist.com. Web. March 27, 2013.

 http://blog.brazencareerist.com/2013/03/27/why-your-college-degree-has-more-value-than-you-think/

 Susan Adams. “It Still Pays To Get A College Degree.” Forbes.com.Web. Oct 1, 2013.

 http://www.forbes.com/sites/susanadams/2013/01/10/it-still-pays-to-get-a-college-degree/

 “The Rising Cost of Not Going to College”Pewsocialtrends.org. Web. Feb 11, 2014.

 http://www.pewsocialtrends.org/2014/02/11/the-rising-cost-of-not-going-to-college/

 

 

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