A college degree is so much more than just a piece of paper or a diploma hanging on a wall. In today’s society, earning a Bachelor’s Degree equals the ability to earn a higher salary, be more satisfied in a career, and develop an overall higher quality of life.
New studies are showing that the “earnings gap between young adults with and without bachelor’s degrees has stretched to its widest level in nearly half a century.” In the long run the value of a college education outweighs the rising cost of tuition.
The Pew Research Center recently published a report on the Rising Cost of Not Going to College. Their findings point out that “virtually every measure of economic well-being and career attainment – from personal earnings to job satisfaction to the share employed full time – young college graduates are outperforming their peers with less education.” They explain that when today’s young adults are compared to others from previous generations, the disparity has never been greater between the economic outcomes of college graduates and those who have a high school diploma or less formal education.
The study of employed 25-32 year-olds also finds that those who are “college graduates are more likely than those without any college experience to say that their education has been ‘very useful’ in preparing them for work and a career (46% vs. 31%).” This study also states that the young adults with an education agree that they have the necessary training to advance in their careers.
The benefits of earning a Bachelor’s Degree far outweigh the financial burden of the cost of the education. Of the Millennials from the Pew study “about nine-in-ten say their college tuition has already paid off (72%) or will pay off in the future (17%). Even among the two-thirds of college-educated Millennials who borrowed money to pay for their schooling, about nine-in-ten (86%) say their degrees have been worth it or expect that they will be in the future.”
Those outside of the Millennial benefit economically from gaining a college degree as well. The Pew survey points out that regardless of the generation, college graduates are doing better than those with less education.
The Degree Completion Program at ACU makes earning your Bachelor’s Degree a real possibility. DCP is designed to provide working adults who have some college credit but have not yet attained a Bachelor’s Degree with the knowledge and essential skills for career development as well as ministry work. As the wage gap between college graduates and those with a High School Diploma continues to widen, it’s important to ask yourself if you can really afford not to go back to college.
Contact Lisa Beaman, Assistant Director of the Degree Completion Program at 602-386-4118 and experience a one-stop admissions process. Find out how you can go back to school and earn a Bachelor of Science in Behavioral Health, Christian Ministry or Business Administration.
(2014). The Rising Cost of Not Going to College. Pew Research Social & Demographic Trends. Retrieved from http://www.pewsocialtrends.org