Is Higher Education Worth It?

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As you think about going to college or graduate school, you may wonder – is it worth it? School requires time, energy, and money, and it’s not always an easy choice to decide if the investment is right for you.

To help you decide if going back to school is the right choice for you, consider:

  1. Do I need a degree to meet my career goals?
  2. Do I have the time to complete a degree right now?
  3. Will my investment bring value to me?

While only you can answer the first two questions, the data for the third question is more readily available.

According to the Bureau of Labor Statistics, holding any kind of degree – from high school diploma up to a doctoral degree – both increases median weekly wages and lowers unemployment rate in American households. The average master’s degree holder makes twice what a high school graduate does.[1] (Here’s more from the bureau’s website.)

These facts hold true year over year. The data is there to support the idea that the higher your education level, the more income you will make over your lifetime. Surveys also reveal that those with a bachelor’s degree or higher are more likely to say they have a career or a career-track job and that they have enough education and training to get ahead in their job.

A degree isn’t just valuable for you – our whole society benefits!

People with a bachelor’s degree or higher are more likely:

  1. To vote
  2. To volunteer
  3. To make charitable contributions

Only you can decide if you’re ready for this journey. For more resources to guide you as you make your decision, visit Great Start, NCU’s free, self-guided resource. Visit https://www.ncu.edu/great-start to get started.

 

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