How Important Is a College Education?

Students who gain a college education often have higher lifetime earnings and experience a variety of other benefits, including a better quality of life. Let's take a look at the importance of a college education. View article »

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  • 00:01 Essential Information
  • 0:29 Higher Salaries
  • 1:09 Better Life Skills

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Video Transcript

Importance of College Education

People who lack educational degrees are more likely to be limited to basic jobs in service, manufacturing and construction industries. While employees with a high school education may secure jobs with good benefits, college graduates typically fare better, entering higher-level careers with greater salaries. They are also more likely to receive promotions, earn raises and develop reasoning and communication skills that can be applied to their jobs.

Higher Salaries

A college education may be one of the best investments of time and money for a person's career. A 2011 report produced by the American Community Survey that was released by the U.S. Census Bureau stated that those who held a bachelor's degree were expected to earn a 40-year lifetime salary of about $2.4 million dollars on average, while high school graduates only took a lifetime salary of about $1.4 million dollars (www.census.gov). On average, those who held master's degrees earned $2.8 million dollars. Holders of professional degrees could expect lifetime earnings in excess of $4 million dollars.

Better Life Skills

During their classes, college students often develop the reasoning skills needed to make life decisions, ranging from buying a home to helping their children choose their own college. In fact, college graduates are more likely to have children who also complete a college education. Other advantages of educational degrees may include improved self-discipline, study habits and cooperative behaviors that can be applied to career projects and tasks.

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