Is College REALLY for Everyone?

In today’s world, we’re often led to believe that a college degree equals success for everyone. Students are basically told that, without a college education, they’ll have no career prospects. Unfortunately, though, that’s not always true, and when people wrongly believe it is, they will often go into debt paying those ever-rising tuition costs for something they don’t really need. Of course, for some people and some professions, college is necessary, but it’s wrong to say that’s always the case.

Is it Worth It?

It’s important that you think of college as an investment, one that, if all goes according to plan, you will get a return on. That “return,” in this instance, should be a higher paying job that will enable you to make more money throughout the rest of your life.

As with any investment, before signing up for college, you need to think about the return. Consider the career you plan to go into, for example. Compare the average salaries of people in your desired profession to the cost of college, including loans and factoring in expected scholarships or grants as well.   

Also think about the personal value of an education; after all, it’s not all about money. If you feel that an education is a personal necessity for you- that you wouldn’t feel as good about yourself without a degree, then it may be worth it to go to college, no mater what the financial costs.

Don’t forget to consider as well whether or not it is required for people in your desired profession to have a college degree. If you can do the same job without one and earn roughly the same salary, it may not be worth it. Really, though, this is a decision that only you can make.

Degree Choice Matters

Keep in mind that every degree isn’t necessarily as valuable or worthwhile as every other degree. A degree in Philosophy, for example, is probably not going to land you a well-paying job soon after graduation, if it does at all. Degrees that specifically train you to do something, however, or that are very high in demand are likely going to earn you money right off the bat.

When choosing a degree, don’t think just about what you’re passionate about. Think instead about what you want to do in the future and what you can build into a lasting career. These are all very personal decisions that you’ll need to make on your own, but do keep in mind that an investment advisor can always provide you with valuable guidance and advice that can help you to make the right decision for yourself and your future self.