Letter to the Editor | College degree isn't for everyone

Letter to the Editor | College degree isn't for everyone

Contrary to the common expectation, college may not be worth the investment for families today.

With the increasing rate of college tuition, the investment of college is only becoming more burdensome. College tuition is the highest inflating good or service in the U.S., at nearly 500 percent.

One study conducted by Andrew Rossi in 2012 shows that nearly 70 percent of college students at public universities fail to earn a degree in four years. When students either drop out of college or take longer than four years for their bachelor's degree, they invest more money than what will be returned in the situation.

These statistics show how the cost of college tuition is increasing and how it may end up being more than what the students and their families foresee it to be. It would be expected that the graduates' salaries will make up for the increasing cost of tuition, but this isn't always the case.

Around two out of every three high school graduates continue their educational career by attending college. Only one out of three jobs requires a college degree as an application requirement.

Therefore, 50 percent of people earn college degrees that they don't need for their jobs.

This evidence concludes that students and families need to conduct more research about the job the student is seeking and the path required before jumping in to such a major investment.

Alike with other investments, there's a risk associated with earning a college degree, and it can be decreased.