It has long been accepted that the greatest benefit in attending and graduating from college was financial, with an increased earning capacity the expected result of your hard work.
Now more are questioning whether such a financial benefit still exists in light of the costs of obtaining an education and the present uncertainty of the job market.
In reinforcing the benefits of college education in our highly competitive global economy, it was usually promoted from a career change perspective.
Now this is not to say those without a college education cannot be successful. In fact, in light of the tremendous cost of getting a degree, there are more and more success stories about creative entrepreneurs and self educated business people who have made a significant impact on others for good.
Yet here are the discoveries about the importance of a college education in past years:
About 90 percent of the fastest-growing jobs of the future will require some post-secondary education or training (U.S. Department of Labor).
The most obvious benefit of college education is that college graduates in the U.S. earn nearly twice as much as workers with just a high school diploma, one of the highest rates in the world (Organization for Economic Co-operation and Development [OECD]).
Yet there are some who now question if this trend will continue in the present job market.
When it comes to career change decisions, the importance of college education up until recent years showed up most in the financial rewards of getting a degree.
These findings regarding the financial benefits of post high school education were recently spelled out by Margaret Spellings when she was U.S. Secretary of Education.
Note how the greatest benefits of college are experienced by those exploring careers and those considering career change, seen in comments by Spellings regarding the importance of college education.
It is still assumed that When it comes to career change decisions, the importance of college education shows up in the financial rewards that follow.
These findings regarding the financial benefits of post high school education were emphasized by Margaret Spellings when she served as U.S. Secretary of Education.
"We all have a responsibility to make sure our higher education system continues to spur innovation and economic growth and gives more Americans the chance to succeed in the new knowledge economy."
Spillings has no doubts that the greatest benefits of college are experienced by those exploring careers and those considering career change.
Now because of the high costs involved in pursuing a degree there are those who question whether there is a financial benefit in doing so.
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