Is Earning a College Degree Worth it in the 2020s?

There was a time when going from high school to college seemed like the natural if not inevitable progression for most young people. In the 1960s, ‘70s, and even throughout the ‘80s, earning your college degree wasn’t a cheap endeavor necessarily, but those parents living on a middle-class income could afford to pay the tuition so long as they made certain sacrifices. Student loans were also available, which helped lessen the out-of-pocket burden.

Once you had your degree, you could rest assured that you could snag a good paying white-collar job that would come with a salary allowing you to quickly pay off any student debt you acquired along the four-year journey.

But what happens later on if you find you’ve lost your transcript and your diploma? This could pose a real problem if you’re seeking out a new, higher paying job.

Fortunately, there is one excellent if not easy solution. You can obtain a so-called fake diploma from Diploma Makers. But don’t be fooled by the term “fake.” Says a company spokesperson, maybe you recently pulled your diploma out of a box only to find that mice and mold have ruined it. Or maybe you spilled coffee all over it. Or perhaps you’ve misplaced it one too many moves and it accidently got tossed out.    

Whatever the case, now you need a replacement, and you need it now. The only answer is to approach a company like Diploma Makers who can recreate your diploma almost on the spot.

But all this talk of college and diplomas brings up another question altogether. Have you ever wondered if earning and paying for a college diploma is worth it in 2023 and beyond? College expenses aren’t what they were back in the ‘80s. The cost of higher education has doubled and even tripled in some cases, causing students to take on tens, if not hundreds of thousands of dollars in student loan debt.

According to a recent report from Mastersportal, if you’re about to graduate from high school, you will find yourself facing the difficult question over the need for college in the hyper-digital age. It’s not an easy quandary to solve since getting a college degree has the ability to change your life in many profound ways. Before you make your decision, you need to consider the factors involved:

–Do you have a career in mind that you wish to pursue?

–Do you actually wish to go to college, or do you feel it’s what’s expected of you?

–Maybe you wish to take a year off to travel before making your decision?

–Do you feel that if you postpone going to college you’ll never go?

–Can you or your parents afford college?   

–Have you sought out financial aid, grants, and scholarships?

–What about acquiring a student loan?

–Can you be employed in your preferred profession with only a training certificate or a two-year associate degree that’s easily and relatively cheaply earned at a community college?  

More and more young people agree that in today’s digital age where you can start a business online from your kitchen table, college in 2023 and beyond is no longer worth it.

But Mastersportal take a different stance. They believe earning a degree is indeed worth the cost and effort.

Here’s why.

Young People with a College Degree Earn More Money

Going to a college or university opens doors to better, high paying jobs. In the U.S. college degree holders are said to earn $570,000 more than people who’ve only earned a high school diploma.

College is Your Way Out of Poverty

Low-income students who have already experienced a hard life can get out of poverty by attending a college. Also, earning their degree will give them the opportunity to snag a high paying job. They can then give back to their disadvantaged community.

The Number of Jobs Requiring a Master’s Degree is Growing

Says the Georgetown University Center on Education, about 65 percent of the new jobs in the U.S. not only require a college degree, but many want you to have acquired a master’s degree.

It should be noted that in the long-run, automation on a massive scale means that lots of jobs that do not require human creativity or technical skills will be replaced by bots and artificial intelligence. This is already happening today with apps like ChatGPT which can produce blogs and even newspaper stories that mimic human talent.

But if you wish to get a high paying job in a growing industry, you are going to need a college degree. However, if you wish to begin your own business, be it landscaping, influencing, or fiction writing, right out of high school, then college might just be a waste of time and precious money.  

Previous post Why IT Networking Solutions Are Essential for Remote Teams
Next post What Is a Fund of Funds and What Are Its Benefits?

Leave a Reply