Should You Pass on College Because of the Debt?

Posted by IPFW Admissions Team on 11/5/15 8:00 AM

You’ve probably heard or read about the debate on whether or not college is really worth it. Increasingly, some people are questioning whether or not high school graduates should skip college.

We’d like to address some of the common arguments against going to college and encourage you not to pass up the opportunity to earn your degree.

 

The Job Market

One common argument against going to college for a degree is the current job market. Because more and more people are choosing to earn an advanced degree after high school, the job markets are thick with degree-holders looking for employment. This means there’s a lot of competition for any given position.

The thing is, this also means it’s much harder for a non-college graduate to get a job as well. A great many career fields require some kind of degree from applicants, and not having a college education could keep you out of the running for jobs before you even have a chance to compete with other degree-holders.

The heavy competition in the job market can be seen another way: as motivation to continue with your education after earning your bachelor’s degree and earning a master’s degree or doctorate as a way of differentiating yourself as a job seeker.

 

The Debt

The other common argument for passing on college is the debt. It’s no secret that college can be expensive, between tuition, books, room and board, supplies, and other education-related expenses. Depending on where you decide to go, you might have to take out student loans to pay for your education.

But college is also an investment—an investment in your own future. On average, a college graduate will earn more money than a non-graduate, meaning your time and money will pay off in the long run.

What’s more, college doesn’t have to be expensive with the right discipline and planning. There are a huge number of opportunities available to students looking to earn their degree while keeping the costs low, including scholarships and grants, work-study opportunities, and part-time employment.

 

The Deciding Factor

Ultimately, whether or not you decide to go to college is up to you. But before you make your decision, we encourage you to get all the facts—about employment prospects after your graduate and about all the ways to keep costs down while you earn your degree.

A good place to start is our free Scholarships guide, which will help you learn more about paying for college the smart way. You can also discuss your concerns with your guidance counselor or a college admissions representative. They’ll help you make the right decision based on your needs and goals.

 

Looking for more resources on saving money for college?

Check out these related articles and resources:

Download the Financial Aid Quick Guide: Scholarships   Download the Financial Aid Quick Guide: Student Loans

Topics: Financial Aid


 

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