Key Takeaway
Getting a college degree can open doors to exciting careers. It’s an investment for you and your future, giving you a chance to explore your interests, learn valuable skills and knowledge, and build a network that can help you land your dream job. With so many jobs requiring a college education in today’s society and offering more pay, getting a college degree is more important than ever.
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One of the most important decisions you will make is whether or not to attend college. Some people will say that going to college isn’t necessary, and while it’s true that other options might be a good fit, a college degree is so much more than a piece of paper.
A college degree sets you up for future career success. Additionally, college years can be some of the most fun and life-shaping times. But how do you decide if it’s the right move for you?
Is a College Degree Right for You?
Today’s population is the most educated it’s ever been in U.S. history. However, before committing to a college, you should ask yourself: Why do you want to go to college? What are your personal and career goals? What kind of education does your dream job require? Once you can answer these questions, you can decide whether pursuing a college degree is the right choice for you.
Types of Degrees
There are four different types of degrees that you can receive when attending college. Each one prepares you for a different career path.
- Associate degree (undergraduate): This is typically completed in one to two years and leads to entry-level positions or is a stepping stone to a bachelor’s degree.
- Bachelor’s degree (undergraduate): This is typically completed in four years and provides a foundation of knowledge in a specific field.
- Master’s degree (graduate): This is typically completed in one to three years after obtaining a bachelor’s degree. It allows for a more in-depth study within your specific field.
- Doctoral degree (graduate): This is typically completed in two to 10 years and is more extensive than a master’s degree. It is most commonly referred to as a PhD (Doctor of Philosophy) or EdD (Doctor of Education).
The Cost of Attendance
Wondering how much a degree will cost you? Here are the stats for the cost of attendance for the 2022-2023 school year:
- Four-Year Public Institution: $27,100
- Four-Year Private Institution: $58,600
- Two-Year Public Institution: $16,600
- Two-Year Private Institution: $36,000
5 Benefits of Getting a College Degree
Besides actually getting a diploma that says you graduated, there are many benefits to getting a college degree in today’s society:
1. Specialized Knowledge and Skills
Regardless of your career path—whether it’s teaching, working in finance on Wall Street, or managing social media—a college degree can help you gain the specific knowledge and skills needed to do your best and continue excelling in that field. You’ll also be exposed to a variety of general education classes, equipping you with transferable skills (think critical thinking, communication, problem-solving) that are valuable in any career.
2. Higher Earning Potential
Statistics show that college graduates generally earn significantly more over their lifetime compared to those without a degree. According to a study conducted in 2023, bachelor’s degree holders earn a median salary of $60,000, while those with a high school diploma earn a median salary of $36,000.
3. Network and Job Opportunities
Going to college provides you with a great opportunity to build and expand your network by establishing connections with your professors, mentors, and even future employers. Who knows, you may get your next internship or job opportunity from someone your professor knows. Or maybe your mentor would be willing to write you a letter of recommendation. Never underestimate the power of good connections.
4. Many Jobs Require a College Degree
Having a college degree can multiply your job opportunities. As occupations become more complex, more and more jobs require higher education. A recent report from the Georgetown University Center on Education and the Workforce estimates that by 2031, 72% of jobs in the U.S. will require postsecondary education and/or training. Out of the 18.5 million estimated job openings, 12.5 million of these will require some college education.
5. Personal Growth
College is more than just textbooks and lectures. Beyond academics, the college experience provides a chance for you to discover who you are, develop independence away from home, and establish lifelong friends. This is a time for you to define your values, beliefs, and passions.
Are There Other Options for Me?
So, does all of this mean the entire population should go to college and get a degree? Not necessarily—although the answer depends on what kind of job you are looking for and what it requires of you. Here are some reasons why a college degree might not be the only option for you:
- Soaring Costs: With the cost of tuition on the rise, many graduates end up with crippling student loan debt. For some, this burden of debt can outweigh the advantages of getting a degree.
- Alternative Options for Success: Some jobs only require you to have a high school diploma or a certificate from a trade school. In this case, you can start earning money right away, for a fraction of the cost of college.
- Job Market Demand: Some industries have too many college graduates compared to available jobs, which can make it harder to find work because of the high competition.
Many people find success in life with or without a college degree, but the benefits of a college degree shouldn’t be overlooked. It opens up more job options, often with better pay, and you’ll get a chance to make lasting memories and friendships along the way. So, if you’re thinking about going to college—keep studying, working hard, graduate, and get that degree. Again, it’s not just a piece of paper, but a chance for a successful future!
Looking for your “perfect fit” college? Our College Match tool allows you to customize your college search to find a campus that checks all of your boxes.
