College Cost and Student Value of Education Research

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College Cost and Student Value of Education
“The cost of college outweighs its immediate value to students leaving them in debt and unable to jumpstart lifelong careers.” My point of view on this statement is that there are benefits that the college graduates receive despite having student’s loans to pay. I think that college education is a good investment and the debts can be paid with time. It may be difficult to deal with the student loan debts but the advantage of a college degree puts one at a much higher position of getting employment and advancing in their careers. However, there are situations that the cost of college would overwhelm the value of the student. This writing will keenly evaluate the details that agree and those that disagree with the cost of college outweighing the immediate value to students such that, they are not able to jumpstart their careers due to the student debts they have. The points expressed will be those that are for and those that are against the statement.
In this particular section, I will focus on the value of the students against the cost of college education. My argument will portray that the cost of college education does not overwhelm the value of the students. I will start by focusing on the benefits of the college education and pointing out that the cost of college actually enhances the student value. I concur with Deitz and Abel when they say that the trend of college education being a good investment deviates from the fact that students pay more to go to college but they receive less during their employment after graduation (1). The New York article on the Current Issues in Economic and Finance revealed that the benefits of the bachelor’s degree or an associate degree outweigh the cost of college (Deitz and Abel 1). The article`s authors supported this statement by saying that the returns will still be high in spite of the falling wages of the working population with and without degrees (2). Although, the authors insisted that having a college degree ranks a person higher in terms of wages as compared to a person with a high school diploma (3). The New York Federal Reserve study also argued with the fact that there are benefits of the college degrees even with the tough employment prospects despite the college tuition being high. The study also mentioned that the returns in college degrees have fluctuated over time, for about 15% in the past ten years because the wages for those with degrees has declined steadily hence boosting the college wage premium, but those who are less educated have their prospects degenerated (5). As Deitz and Abel allude, I believe that there are benefits in college education and through getting high wages one is able to pay back their student loans as they advance in their careers.
In this paragraph, I base my discussion on the time it takes one to pay their students loan. Education is costly everywhere and students take very high loans to study and it takes them up to when they are fifty years old to actually finish repaying their loans. From the essay - On Becoming Educated by Joy Castro, she mentioned that she still had a...