Why Earning a College Degree is Worth It

Our society often emphasizes the importance of earning your college degree, but is that really true or is it just rhetoric? There are actually quite a few benefits of earning a college degree, but each individual has to look at their own unique situation and decide if it’s best for them. Read on to learn a few of the most important benefits of earning a college degree.

Higher Earning Potential

Just like many things in life, higher education is an investment. It wouldn’t make sense to spend money paying for tuition and books if you didn’t expect to get it back in the long run. The average high school graduate earns about $30,000 per year, while those with bachelor’s degrees make an average of $50,000 annually. That’s a difference of $20,000 per year, or $1 million if you work for a 50-year period.

If those numbers hold true, your college education costs could be paid back in just one year. Student loans are also designed so you don’t have to pay them back until you graduate and start working. That means even if you don’t have the money to attend college today, you’ll be making yourself more valuable in the workplace and most likely earning a higher salary than those who chose not to earn a degree.

More Benefits of Earning a Degree

  • Those with college degrees are 47% more likely to have health insurance through their employer
  • They are also 72% more likely to have a retirement plan through employment
  • Increased job safety and a lower chance of receiving workers’ compensation
  • A nearly 25% higher probability of being employed
  • Individuals with college degrees are 44% more likely to report being in very good or excellent health

There are many more benefits to list, but these are just some of the highlights. Remember that these statistics are an average across all types of degrees and some college degrees have even higher earning potential and more benefits than others. If you are considering enrolling in an online degree program, take some time to explore eNSU’s programs today.