Is College Worth It?
October 18, 2016 | By Steven DiGregorio
Understanding The Costs And Benefits of College
A lagging economy and skyrocketing university costs leave many Americans asking, “Is college the right choice for me”? This special report will help you understand the costs and benefits of a university degree and give you important information about planning and saving for college.
“ While college used to be the default option for most high school graduates, a growing number of polls indicate that college is no longer the slam-dunk it used to be. “
Understanding the Costs & Benefits of College A lagging economy and skyrocketing university costs leave many Americans asking, “Is college the right choice for me”? This special report will help you understand the costs and benefits of a university degree and give you important information about planning and saving for college.
THE COSTS OF ATTENDING COLLEGE TODAY
INTRODUCTION
The decision about whether or not to attend college is a serious one with lifelong implications. Changes in the U.S. Economy, a decade of lost growth, and a revolution in technology are challenging attitudes about a traditional college education. While college used to be the default option for most high school graduates, a growing number of polls indicate that college is no longer the slam-dunk it used to be.
The high costs associated with getting a degree and the opportunity cost of spending four (or more) years in college, weighed against a weak job market, leave an increasing number of young Americans asking: is college still worth it?
The college debate is especially important for students who intend to stop at a four-year degree instead of continuing on to graduate or professional school. With recent growth in technical training, online education, and apprenticeship programs, some high school graduates may seek out more affordable alternatives to a traditional college path.
A 2013 Gallup poll found that 57 percent of U.S. workers don’t need an undergraduate degree and only half of white-collar workers believe a college degree is needed in their line of work. On the other hand, over two thirds of workers with professional, executive, or managerial jobs say a degree is needed in their jobs. Another 2013 poll found that just 45 percent of respondents believe the cost of a college degree is justified, while 43 percent didn’t think college was worth the expense.
This white paper will examine the costs and benefits of attending college today in order to help families and young Americans make an appropriate choice for their future. To read the full white paper click here.
The content of this article is for informational purposes only and is not intended as an offer or investment advise. Investment strategy or to buy, transfer or sell any security or other investment vehicle. Information contained herein has been obtained fro sources deemed reliable but Spire Investment Wealth Management LLC, Spire Securities LLC and their affiliates, including Compass Asset Management Group LLC, do not guarantee its accuracy. The views and opinions expressed i this article are those of the authors and do not necessarily reflect the opinions of Spire Wealth Management LLC, Spire Securities LLC or its affiliates.
Spire Wealth Management LLC is a federally Registered Investment Advisor. Securities offered through an affiliate, Spire Securities LLC. Member PINRA/SIPC.
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