Blog Homework #1

http://www.dailyfinance.com/2011/09/08/is-a-college-degree-worth-the-price-census-bureau-has-the-answe/

http://www.washingtonmonthly.com/college_guide/blog/is_higher_education_worth_the.php

http://www.startribune.com/business/yourmoney/137282298.html

In my opinion even though many students are in debt after taking up loans for a college education, the degree is worth the cost. With the economy currently in a bad state, there is great risk in investing in a degree for college education. Many critics argue that the value of college is inflated and for the majority, not worth the cost. This is a reasonable argument strictly due to the condition of the economy and employment rates dropping, but a college education opens up new doors of opportunities and provides numerous career prospects for its graduates. Although paying off student loans are troublesome in the aspect that the income of an employed is decreased and the unemployed are further in debt, based on recent statistics there is a trend that shows those who earn degrees are less likely to be unemployed. College education is a big leap forward for those looking to persevere in life. The tuition can be an obstacle that many face but thanks to government aided programs, student loans are offered out to the people who cannot afford the full college tuition. These loans will eventually have to be paid off but in the long term the investment is definitely worth the cost. Various analyses and statistics show that those with a college education not only benefit in terms of a lower unemployment rate, but the annual salary is significantly higher than that of a high school graduate with no college education. Even factoring in student loans into first year college graduates, the annual salary is still substantially higher than an employed worker with only a high school degree. At the current state the US economy is in, there is no surprise that these rates will continue to grow. That is why there needs to be an increase in the amount of people to graduate with college degrees.