[Infographic] Is College Worth the Cost?

[Infographic] Is College Worth the Cost?
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

The growing problem of student loan debt has dominated national news for several years. Over 70% of students graduating with four-year degrees in 2014 left college in debt, and the amount of that debt is substantial. The average student loan debt, as of 2014 is $30,000. Given the fact that a college degree consumes four to five years of a young person's life (which might be spent working), ends with a substantial bill that must be paid, and does not guarantee lucrative employment immediately upon graduation has led many to question the value of a college degree in the first place. Despite these challenges, however, current research shows that, without question, there are significant and substantial benefits to earning a college degree. The three main categories of these benefits include:

  • Career/Economic Benefits
  • Social/Emotional Benefits
  • Health/Welfare/Quality of Life Benefits

Career and Economic Benefits of a College Education

The benefits of a college education impact almost every aspect of a person's professional life. Some of the measurable benefits include:

  • Higher income
  • Lower unemployment
  • Greater job satisfaction

Higher Income:

According the U.S. Census Bureau, those with bachelor's degree enjoy a median income twice that of those with only a high school diploma. That is a significant difference that can affect a person for their entire working life, and into retirement. In fact, a study of the most recent Census report suggests that the single most important factor in determining a person's income is his or her education. Choosing to forego a college education is a choice that will have life-long implications. While the burden of college debt is real, it is also finite; it lasts for a relatively short period of time. The burden of a lack of education has a life-long effect on one's standard of living. College education also teaches financial responsibility when the student has to make hard financial choices and learn to save money to buy lunch from the college canteen or that cool college backpack.

That is not to say that all four-year degrees lead to the same income levels. In 2015, the highest paid graduates left college with degrees in the following disciplines:

  • Engineering
  • Math
  • Computer sciences

Those with the lowest income potential are the fields one might expect, fields that are associated with the arts and service, but are not fields students typically pursue with a goal of quickly accumulating wealth. Those degrees include:

  • Art and drama
  • Religious studies and pastoral ministry
  • Early childhood and music education

Want to share this on your site? Just copy the code below!

Lower Unemployment:

Even when one chooses a field that is not particularly lucrative, there are still many career benefits with a college degree. People with a bachelor's degree in any field are much less likely to be unemployed, and when they are unemployed, they find new jobs much more quickly than those with only a high school diploma.

In 2014 the unemployment rate for people with only a high school education was 6%, while it was just 3.5% for those with a bachelor's degree, and less than 3% for those holding a master's degree. In effect, someone who has not graduated from college is twice as likely to be unemployed as someone who has. The difference is even more pronounced for African Americans. About 8% of African-Americans with high school diplomas are unemployed, but only 2.8% of those with college degrees face the same challenge.

Greater Job Satisfaction:

While income is an important factor in career satisfaction, it is not the only factor. Those with bachelor's degree tend to be more satisfied with their jobs in general, based on several different criteria; 53% of people with a bachelor's degree report they are "very satisfied" with their current jobs, compared to 37% of people with a high school diploma. College graduates also have more autonomy in their work. They are more likely to hold positions that allow them to make independent decisions and use their skills and experience to choose solutions to work-related problems. In contrast, those with only a high school diploma typically rely on others to determine what work they will do, when they will do it, and how work-related problems will be solved. The result is that those who have more opportunity to engage with their work are far more satisfied with that work.

The Social/Emotional Benefits of a College Education

College is more than classes, papers, and exams. It is also a meaningful social experience, where people develop friendships and long-term relationships. People who don't attend college miss out on several important experiences that, like income potential, have lifelong implications.

College offers young people the opportunity to live, work, and socialize within a contained society made up almost exclusively of people their age. They share experiences and develop close personal relationships. Almost 30% of Americans report meeting their future spouses in college. Not all of these marriages began with college relationships, but they did find a spark in a friendship developed on campus. Even though the cliché of the "high school sweethearts" is still well known, in fact, only 15% of Americans marry someone with whom they had a relationship in high school.

Finding a spouse is not the only social/emotional benefit of a college education. College educated Americans, according to several studies:

  • Are more self-confident in social situations
  • Are more effective communicators
  • Have more friends
  • Suffer less frequently from anxiety
  • Have higher self-esteem
  • Are more likely to believe they have control over their own lives

The Confidence of the College Graduate

A 2008 dissertation study from the University of Michigan tracked the success of a cohort, or large class-year group of students. The study showed that all students faced challenges in adjusting to college life. Those challenges included the mundane details of life, such as laundry, meals, and managing mild illnesses and minor injuries, to more complex problems such as financial problems, conflicts with friends and family, and seeking support for emotional and learning disabilities. The studied found that those students who successfully managed these challenges garnered many advantages over those who were unable to adjust and eventually left school.

Facing, managing, and overcoming challenges, not in a protected vacuum, but within an environment that also demands performance in the classroom gives students confidence. They learn that they can take steps to control their own lives, and they develop strategies that make them more resilient to challenges. As a result, they have a more positive self-image, are more confident about their choices, and are comfortable interacting in groups and engaging in personal sharing necessary to build friendships. These attributes continue after college and into students' careers and adult lives and relationships.

Health/ Quality of Life Benefits

Making a good living, being confident, and having strong personal relationships are all important benefits. They are not the only benefits of a college education. The experience of attending and completing college, for a host of reasons, leads to greater health and a higher quality of life than are experienced by those with only high school diplomas.

College Graduates are Healthier

College graduates enjoy higher incomes, as noted above. Along with that higher income, they are more likely to have comprehensive health insurance. Access to health care is an important factor in one's overall health. Regular check-ups, comprehension evaluations of symptoms, and rapid response to illness means that college graduates have a higher life expectancy, because they are more likely to seek and receive treatments for conditions before they become serious. In addition, college graduates are far less likely to smoke. According to the Centers for Disease Control (CDC), 22% of those with high school diplomas smoke, compared to only 9% of those with bachelor's degrees. Non-smokers experience a greater life expectancy than smokers.

Quality of Life Benefits

While a college degree does not guarantee leisure time, frequent vacations, or opportunities to engage within one's community, it is indisputable that college graduates are more likely to enjoy these amenities of a high quality of life than those who have not finished college. In addition, and perhaps more importantly, the children of college graduates are the beneficiaries of a high quality of life, as demonstrated by the following. When compared to the children of high school graduates, children of college graduates:

  • Are more likely to have annual physicals and comprehensive healthcare.
  • Spend more time with their parents
  • Are more likely to be involved in extra-curricular activities including sports, clubs, and the arts,
  • Are more likely to have college funds, put aside by their parents, available for their own educations.


A college education can be expensive. The specter of college loan debt is, without a doubt, daunting. But, a college education offers lifelong benefits, from higher income, to better health, to a better life for one's children. Some of these benefits can be compared dollar for dollar with the cost of an education, but others, like healthy children, self-confidence, and a longer life, are priceless. Is college worth the cost? Absolutely.

Popular in the Community