This is especially true when it comes to healthcare coverage. According to the U.S. Bureau of Labor Statistics (BLS), workers with a bachelor's degree earned an average of $468 per week than workers with only a high school diploma - a higher salary that can add up over the course of your lifetime. associates, bachelor, master, and doctoral). In addition, without a college degree you’ll hit the top wage in your profession pretty quickly, while a person with a diploma is able to seek positions in top management. With the major debates in the last 10-15 years over the return on investment of a college degree, we would be surprised if you hadn’t wondered about the benefits of a college degree. College graduates see 57 percent more job opportunities than non-graduates, and it is estimated that, by 2020, two-thirds of all jobs will require postsecondary education. You’ll have Higher Lifetime Earnings In fact, the debt alone is one of the reasons why college grads say that they regret getting a degree. In addition to the potential to make more money, earning your college degree could also lead to more career stability. A study produced by Lancet, a reputable medical journal, showed that between 1970 and 2009 there was a significant decrease in infant mortality rates for women as they attained higher levels of education. Work experience also can impact annual salary and lifetime earnings. The report also found a strong positive relationship between educational attainment and eating fruits and vegetables, exercising and wearing a seat belt. Alternatives To College Worth A Look The fact is that people are quickly becoming wise to the fact that a degree isn't the only path to success out there. Why Higher Education Is Important In general, the College Board considers the practical benefits of higher education in the 21st century to include: Economic : As the Bureau of Labor Statistics stats reveal, people with some form of higher education … It’s the key to a successful life. The percentage of currently required postsecondary education for 2016, according to the BLS, is as follows: A projection by the BLS for the years of 2014-2024 suggest that jobs that require a postsecondary nondegree award will grow by 11.5%, bachelor’s degree by 8.2%, master’s degrees by 13.8%, and doctoral or professional degrees by 12.2%. During an economic downturn, it’s not uncommon for employers to cut jobs. by Susana Kuehne. A College Degree Isn’t As Important As You Think, And This Is Why. By having a college degree, you multiply your job opportunities. The world is changing. Technology is developing beyond our wildest dreams, and complex issues in business, environment, and politics continue to challenge our society. And earning a degree is the best way. Earning a college degree can have a ripple effect that will influence the well-being of generations to come. They’re able to find higher paying careers. Here are some reasons why a college degree is not only necessary, but worth the expense. In today’s educational landscape, instruction has many forms. The data below was gathered by the United States Census Bureau and suggests a strong positive correlation between degree level earned and salary potential. Having a bachelor’s degree opens up rewarding opportunities that might have otherwise been inaccessible. To begin with, most of the people who have a college degree have better jobs. Financial aid may be available for those who qualify. When considering the benefits of college, most people only consider the direct impact of a college degree on their own lives – but one of the more hidden benefits of college and earning a college degree is the positive impact it can have on the well-being of their families as well, especially their children. According to U.S. News & World Report, some of the jobs with the best job security during a recession include registered nursing, public school teacher, college professor, accountant, federal judge, doctor and air traffic controller. College-educated adults were also less likely to have used expensive forms of credit. According to the Lumina Foundation report, 40% of working-age adults with a bachelor's degree volunteered in their community within the past year, compared to just 17% of high school graduates without any college education. It’s no secret that college graduates earn higher salaries than non-graduates. In addition to health care insurance, college graduates can look forward to better retirement matching, health savings accounts, tuition reimbursement, free childcare and reimbursement for travel and commuting costs. Well, that all depends on you – but in most cases, the answer is yes. Just one additional year of college education can decrease your mortality rate by 15% to 19%, according to a 2016 report by the Brookings Institute. One of the most important and obvious benefits of college and reasons to earn a college degree or an advanced degree (Master’s, PhD) is to increase your earning potential. There is also an interesting correlation between a woman’s education and the health of her children. Susan Bogle is a marketing and student recruitment specialist in higher education. Find your degree from over 200 online programs. From having more money available (see #1 in this list!) Working-age adults with bachelor's degrees are 9.4 times more likely to have a bank account than those with a high school diploma as their highest level of education, according to a 2016 report from the Lumina Foundation. The data below was gathered by the United States Census Bureau and suggests a strong positive correlation between degree level earned and salary potential. Those with advanced degrees, including master’s, doctoral, and professional degrees may earn $2.7 million, $3.3 million and $3.6 million, respectively. By Janelle D. Crichlow EN110 Achieving Academic Excellence Ashworth College A college degree is important for a variety of reasons for both the young and the old, namely to develop or improve one’s trade skills, to experience different cultures and to increase one’s educational background in order to attain a higher paying job. Certain jobs, however, inherently have a lower unemployment rate than others. Associate Vice President of Product Marketing, 77% of workers with a post-graduate degree, 94% of adults with a bachelor's degree or higher, 40% of working-age adults with a bachelor's degree. Not only are children of parents with a college education better off socially and economically, but studies have shown that children in households where one or both parents have a college degree are themselves more likely to earn a college degree. So what are the specific benefits of a college education? By earning a bachelor’s or master’s, this same data suggests that you will be 48-56% less likely to be unemployed. With more and more occupations requiring advanced education, a college degree is critical to your success in today's workforce. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Every three years, the Federal Reserve conducts an … 1. Bill … Need more convincing of the monetary benefits of a college degree? Leadership, management, research and other desired positions do require university degrees. College education is important because you need a degree in order to get a good job or a stable career. in a savings account to having marketable skills and an education during an economic downturn, having a degree can come in handy when life throws you a curveball. A college degree is also a pathway to higher disposable income. Why Consider Going to College? The Importance of a College Degree There are many things that will affect our lives. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Earning a college degree helps people make better choices about everything from mortgage rates to investment plans to launching a new business. These are the top five reasons why college degrees are still important. An increasing number of the top jobs – those with the best salaries and the best long-term prospects – require earning a bachelor’s degree. 94% of adults with a bachelor's degree or higher reported being happy or very happy with life, compared to 89% of adults with no college education, according to the Lumina Foundation report. Just 2.3% of college-educated adults used pay-day and tax refund loans within the last year, compared to 9.2% of high school graduates without a college education. Benefits of a College Education. Southern New Hampshire University can help you get there. Learn more about why a college education is important here. Therefore, going to college and gets a degree is important. Why Is College Important? But, like most fields, the field of education continuously evolves as we develop new technologies and new educational theories of practice to discern the most effective ways to help learners succeed. College Education is most important because its knowledge that can never be taken away from you and you will always have your college education to fall back on. Earning your college degree can improve the lives of those around you, too. PeopleImages / Getty. According to Tara Sinclair, the chief economist at Indeed, a career path that … Obtaining a college degree is one way for students to stand out from others in a highly competitive job market. College education plays a critical role in our lives as well as a key opens many doors of opportunity to success in the future … Bachelor’s degrees are the most often required, being necessary for about 21.3% of all jobs in the handbook. Moving forward in education attainment, an associate degree holder may earn around $1.7 million and a bachelor’s degree holder, about $2.3 million. Southern New Hampshire University leaders shared their thoughts on why education is important and the impact it has had on their lives. 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