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Is College Worth It?

With college costs constantly on the rise, a lot of people wonder whether a degree still worth the time and money in the long run?

Is College Worth It?
 

August 24, 2012

Mansfield (WENY) - With college costs constantly on the rise, a lot of people wonder whether a degree still worth the time and money in the long run? It's no secret, since the great recession recent college grads struggle to find work, but does that mean a degree isn't worth it. A new study looked into that question and found, since the great recession, jobs are easier to come by for people with college degrees. About six million jobs requiring just a high school diploma were lost when the recession hit in 2007, and the numbers are still going down, but, jobs for people with college degrees are on the rise. Today was a day to celebrate the year to come and to welcome new students to at Mansfield University. College still appeals to millions every year, and a Georgetown University study says there's good reason. A college degree is worth $1.3 million, in additional lifetime earnings.

     Christina Rinnert graduated from high school in 1985, and since then she has struggled to earn the same money as her coworkers with college degrees.

     “I was passed over for a job because the reason they gave me was that I don't have a degree and the other person does and I thought alright that's it I'm going back,” says Rinnert.

     The unemployment rate for all four year graduates is 4-and-a-half percent. For workers with only high school diplomas, its nearly 24 percent.

     Mansfield University Interim President Alan Golden knows the benefit of a college degree. "From a financial standpoint students with a college degree will earn far more than without it by any measure having a college degree is an advantage.”

     As Christina found out, the advantages go beyond personal economics.

     “The things that I learned here about my self and about the world, invaluable, its changed me.”

     The number of jobs for workers with a college degree rises 4 percent every year while the growth rate for high school only jobs is zero.