You Really Need A College Degree. Here’s Why

Created by Henry Steele

By Henry Steele - October 30, 2017
Reading Time: 6 minutes
Reading Time: 6 minutes

As you go through your life, you’ll cross paths with folks prone to dispensing advice and adages – small tokens of age-old-wisdom condensed into catchy phrases.

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These short and memorable proverbs have been widely accepted as truths:

  • “Where there’s smoke, there’s fire.”
  • “Opposites attract.”
  • “It takes two to tango.”
  • “An apple a day keeps the doctor away.”

You’ve probably heard the one about school as well:

“Education is the best investment.”

Warren Buffett took that idiom and gave it his own spin. He once said:

“The best investment you will ever make is in yourself.”

Despite all this, you’ve inevitably wondered if going to college is really worth it. After all, a number of prominent individuals have been speaking out against college education, arguing that it’s not really worth it in the long run.

As one Silicon Valley executive said:

Walking into an established company wide-eyed and green with a Bachelor’s degree in business at 22 is not special, useful, or smart. We need young, experienced people who have walked the walk, taken some hits, and know how to make something from nothing.


As the cost, both financially and hours required, continues to rise, college education may not seem as surefire as it did 20 years ago. You may start feeling like going to college isn’t worth it.

But there’s a big difference between hunches and actual data. It’s important to separate out advice from fact.

So let’s talk about the doubts. Let’s answer the facts. Let’s look into whether it’s really worth it to go to college.

Is It Worth It Financially?

is it worth it

Yes, a college degree costs quite a bit. But what some people don’t know is that not going to college costs you more in the long run.

As the American Institute For Economic Research reports:

So, as tuition rates rise, income levels for those who do not hold a bachelor’s degree are converging downward, while income levels for those with a bachelor’s degree are diverging upward.

A normal college graduate, aged 25 to 32, earns about $17,500 dollars more than their high-school diploma peers.

In general, Engineering, Physics, Medicine, Chemistry, Biology, and Computer Science are the degrees that pay the most. In relationship to their initial cost, hard subjects are in essence, the degrees that ultimately pay off the most.

However, no matter what your degree, you’ll almost always earn more than those without a degree. As the Pew Research Center noted:

At the same time the share of college graduates has grown, the value of their degrees has increased. Between 1965 and last year, the median annual earnings of 25- to 32-year-olds with a college degree grew from $38,833 to $45,500 in 2012 dollars, nearly a $7,000 increase.

While earnings of those with a college degree rose, the typical high school graduate’s earnings fell by more than $3,000, from $31,384 in 1965 to $28,000 in 2013.

Benefits of a College Education

So what are the specific benefits of a college education? Why it really so valuable? Let’s explore.

You’ll have Higher Lifetime Earnings

A master’s degree can earn you twice as much as someone with a high school education. An associate’s degree can net you 25 percent more. As you scale up the educational tier, your earnings – once more depending on your academic field – will increase.

As USA Today notes:

College graduates, on average, earned 56% more than high school grads in 2015, according to data compiled by the Economic Policy Institute. That was up from 51% in 1999 and is the largest such gap in EPI’s figures dating to 1973.

Since the Great Recession ended in 2009, college-educated workers have captured most of the new jobs and enjoyed pay gains. Non-college grads, by contrast, have faced dwindling job opportunities and an overall 3% decline in income, EPI’s data shows.

You Have Access To More Resources

access to more resources

In addition to having access to your college’s career center and internship programs, you also make contacts and connections you would make nowhere else. College is the perfect place for networking.

You’ll be rubbing shoulders with like-minded individuals and forging relationships that might otherwise never have presented themselves. In essence, you’ll be knocking on doors… the doors that really matter. A connection you make in college could be the connection that transforms your career.

Having A Degree Will Help You Out of Debt

There is a correlation between having a degree and being more financially responsible. Why? Numerous reasons.

Having a good job, which you got on account of your degree, will indirectly increase your credit score as you pay down your debt.

Learning to effectively manage personal money, which many people do in college, is also a huge asset in life.

Additionally, there’s a connection between individuals who manage their overall debt more responsibly and a college degree. In other words, a person who actually took a semester or two in accounting may be better suited to keep their finances in check than one who only has a passing grade in high-school math.

You’ll Avoid Poverty

There are still numerous people in the United States who are under the poverty line, and this is significantly higher for those who don’t have a college education. Yes, college certainly isn’t the only reason a person may be in poverty, but the statistics show that Millennials without a degree are much more likely to be impoverished.

As Pew Research notes:

In 2016, an estimated 5.3 million of the nearly 17 million U.S. households living in poverty were headed by a Millennial, compared with 4.2 million headed by a Gen Xer and 5.0 million headed by a Baby Boomer.

College is clearly tied to a certain standard of living. If you want to stay above the poverty line, invest in your education.

You Have Access To Better Jobs

access to better jobs

Depending on the field you want to explore and the job you want to have, a college degree is paramount to obtaining not only a great job, but one that has all the perks.

Things such as retirement contribution matching, health insurance, health savings accounts, childcare stipends, tuition reimbursement, and commuter benefits are typically associated with a college degree. On the other hand, these types of perks are often absent in jobs requiring no additional education.

Your Quality of Life Will Be Higher

A person with a college education is healthier and more socially adept than one without. Studies have revealed following stats for those with college degrees:

  • You’re 68% more likely to exercise at least twice a week.
  • Only 20% of graduates with an associate degree smoke. That number plummeted to 8% for those with a bachelor’s degree.
  • You’re 31% more likely to move up in the socioeconomic ladder.
  • You’re 60% more likely to be satisfied at your job.

Your Skills and Values Will Improve

A person with a college education learns new skills and values they wouldn’t if they never pursued further education. For example:

  • You’ll improve your writing and communication skills
  • You’ll increase your knowledge and grow intellectually
  • You’ll develop a good work ethic
  • You’ll start to develop a “political conscious”
  • Your ambitions will grow and you’ll start to demand more out of life
  • You’ll be exposed to new ideas that will force you to evaluate your own
  • You’ll encounter people different than you, which will help you grow in tolerance

College is a place of development and ideas. It’s a place where you learn new skills and encounter new ways of thinking. This is why it’s so essential for personal development.


college education massively important

There’s no way around it: college education is still massively important.

Yes, there are the occasional outliers who manage to some “hack” the system, but for most of the population, education is the key to success.

Is it expensive? Sure. Does it require a significant amount of time and effort? Yes.

But it’s a short term investment with a long term reward.

If you skip college, you’re only hurting yourself.

Henry Steele
Managing Editor
Henry is Managing Editor of He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.

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