Importance of college education Research Paper Example | Topics and Well Written Essays - 1500 words

Importance of college education - Research Paper Example I strongly believe that college education is very important in the sense that it offers better career choices and high wages likely to resolve the social instability prevailing in many families but also presents minorities with chances to climb the social ladder. However, if many people acknowledge the relevance of college education and view it as a meaningful investment, others foreground the risks related to the issue and warn about the potential danger or failure. In fact, college education is often related to high earnings and better career paths and opportunities; nevertheless, some risk factors exist stemming from a potential failure, high rates loans and unstable labor market. This study reveals: â€Å"Going to college seems to be not only profitable, but also affordable given that federal student aid programs provide guaranteed loans and tuition subsidies to needy students. Nevertheless, a number of academically talented young people do not attend a postsecondary institution † (Becker). The controversy about the importance or not of college education may explain why these smart students choose not to further their studies even though the proponents of college education might advise them to believe in the investment. College education is very important because it provides graduates with better career opportunities. Compared to high school graduates or those without any degree, college graduates have a better chance to find a more fulfilling job. Their years spent in college allow them to have a better consideration in the job market, and they may land a very good job that matches their credentials and training. Indeed, college education helps to boost the chances of those who postulate for a job and give them a better impression from recruiters. This critic observes: â€Å"In most modern society today, education has become the key element in the process of social mobility. Educational qualification and the number of years completed at schools have become the most important yardstick needed for occupational attainment† (Yusuf). This connection between college education, especially the number of years spent in school, and better career opportunities has become a reality in most societies in which education is dearly valued and reflects the person’s talent, devotion and skills. These better career opportunities also lead to higher income because the best jobs provide bigger salaries. Therefore, college education gives graduates a better chance to have a high earning compared to those who do not have their qualification. This possibility to acquire more income allows college graduates to appreciate the time they spent in school because it provides them with economic freedom and stability. This economic independence makes college education resemble a sound investment that has become most profitable. This study confirms: â€Å"Education is an investment with high return. In fact, the mean return on education is similar to that of equity, and far greater than the return to bonds or gold. The high return to assets such as equity can be justified by their high risk† (Juud). Comparing college education to equity greater than gold demonstrates the value of such a n education and the opportunity it represents to graduates. This financial aspect that allows people to earn enough money to take care of their expenses and need represents the first step toward achieving a total economic freedom. Analyzing the results of another