The importance of Higher Education. The difference in the amount of money a high school graduate makes without going to college vs a college graduate.

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The Importance of Higher Education

Education has traditionally been viewed as the only way out of poverty and low social standing (Andersen and Taylor 428 . According to conventional wisdom , staying in school is the first step towards overcoming a humble beginning . Education is far more precious than material wealth . The latter can be stolen , but not education

Modern society , however , is characterized with the emergence of the personality-based model of success (Furham 197 . Young people nowadays are exposed to movie stars , supermodels , rock stars

, athletic hotshots and reality television contest winners who achieved instant fame and fortune despite barely graduating from high school . These public figures are earning more than a CEO not because of their academic qualifications but because of their talents , popularity , and /or stunning physical appearance . Many of today 's youth , as a result , get the impression that higher education is not necessary for success in life

But lifetime earnings still soar with education . Majority of high-income jobs today require at least a college diploma . Consequently , college graduates have bigger savings , higher social mobility , healthier standards of living , and better consumer decision-making (Bolles Christen , and Blomquist 79 . These show that despite delays in full-time employment and the accumulation of thousands of dollars in debt , a college education is still a worthwhile investment

A lot of supposed experts claim that college is just a waste of time and money . They often reinforce this argument of theirs by citing famous personalities who did not finish...