Ex-lawyer turned relationship coach

Is A College Degree Worth The Trouble?

Not too long ago, you could spend $100,000 to get yourself into a good college and be almost guaranteed to make it all back and then some. It was a golden ticket. 

Today, not so much.

Not only is the competition on the job market more fierce than ever, but college is no longer the only place where you can develop your skill set. 

So if college degrees are becoming increasingly commonplace and if you have cheaper ways to learn the same skills, the question becomes: 

Is a college degree worth the big price tag?

Well, now is the perfect time to find out because the 2020 COVID outbreak forced millions of students to learn from home. And what did that one year of home learning teach us?

That a $55,000 in college tuition is basically the same as a free course on Coursera or edX.

Students across the globe signed up for hands-on learning. Face-to-face interactions. And an excuse to do keg stands and get wasted. 

Yet what they got was a Zoom call.

Before we rip education a new one, it’s important to realize that there’s a strong link between a college degree and earnings. Every extra year of education you get will roughly lead to an 8% increase in income in your lifetime.

That means a college graduate will earn about 30% more than someone who graduated high school.

Getting a college degree may be the easiest way to get out of poverty. 

So the benefits of a college degree are obvious. But the downsides are too.

Although it was once like a rocketship that could propel you to new heights, a degree is now a beat-up Chevy that gets you to your entry-level job.

Yup. Almost every business, no matter the industry, expects its employees to have a college education. So you’re pretty much forced to get one.

Which returns us to our question, is a college degree worth the trouble?

Yes.

Not because it’s the best way to become an expert, but because every decently paying job demands you have one.

By Jeroen Elsing
Ex-lawyer turned relationship coach