Almost 4 in 10 Americans 25 years and over have a bachelor’s degree.
More people are graduating from University, but some still question if it’s worth going. There are plenty of myths that surround college education which can make it difficult to decide if you should go or not.
In this guide, we’ll debunk some of the biggest myths in the education industry. Keep reading for more.
Myth: College Is Too Expensive
College can be expensive, but most of them work to defray the costs. Attending a private school and paying for things like tuition, accommodation, and board can cost tens of thousands of dollars a year.
There are different types of schools, and this can affect costs. Public universities tend to cost less, and things like grants, scholarships, and student loans can play a huge part in how affordable college is for an individual. It’s worth looking into what kind of aid you might be eligible for to help you pay for your education.
Myth: Colleges Spend Too Much on Things Like Fancy Residence Halls and Climbing Walls
Colleges want to stand out and appeal to students. As such, they often spend money on certain luxuries that other schools don’t have. This varies from school to school, and some have the funds to pay for additional amenities.
Most schools work to ensure all college essentials are in place first and foremost. Ultimately, the purpose of college is to provide an education through a solid school curriculum, so they will usually prioritize this over things that aren’t fully necessary. Check out this university to see a great example of such a school.
Myth: Students Are Drowning In Debt
Being in debt is never ideal, and this often dissuades people from attending college. You might hear stories of graduates with more than $100,000 in debt, which is a big number to have hanging over your head. A smart student can work out how much debt they’ll have when they leave so they can determine what sort of position they’ll be in.
The average total student loan debt for US graduates is about $30,000. This may still seem like a lot, but it’s far more manageable. The majority of college graduates start repaying their loans within a few years of graduating, so in most cases, the debt doesn’t become a huge issue.
Myth: A Bachelor’s Degree Isn’t Worth It
Due to the cost of college, some people say it’s not worth it. The idea of putting that much money into the education industry for what might be a very small outcome can seem like a waste.
In reality, a bachelor’s degree is one of the most beneficial investments a person can make. The average college graduate (aged 22-27) in the US makes about $22,000 more a year than the average high-school graduate. College graduates also tend to lead longer, healthier lives, so money isn’t the only benefit.
Your College Education
College is a big step, and it can be difficult to know what the right choice is. Hopefully, with these myths debunked, you’ll now have a better idea of whether or not you want to pursue a college education.
For more lifestyle articles, check out some of our other blog posts.