The world has advanced considerably through out the decades and the need for higher education has been on the rise. Education is treasured in all parts of the world especially in the United States. However, higher education costs have been rising dramatically throughout the years leaving people in the United States to wonder if higher education is really worth the cost or not. According to the IES National Center for Education Statistics the average cost of tuition in current dollars at all universities in the 1990-91 school year was $6,562, it nearly tripled to an average cost of $17,143 by the 2008-09 school year.  These statistics leave many questions in people’s minds and the biggest question is, if getting a diploma is actually worth the monetary struggle. When looking at the statistics it is very easy to answer “no” to this question especially since according to the IES, the average income of male bachelor’s degree recipients in 1995 was $49,300 while in 2009 it had only increased to $51,000. As for women, the average income was $39,400 in 1995 and only increased to $40,100 by 2009.  As the statistics demonstrate there hasn’t been much of an increase in the average paycheck, but there has definitely been a significant increase in the cost of higher education.
Jobs that only require a high school degree are rapidly disappearing, however the good news is that more college degree jobs are emerging and will continue to grow steadily throughout the years to come. The Georgetown study predicted that by 2018, 22 million new jobs would be created that require college degrees, but at least 3 million fewer people would earn college diplomas or bachelor degrees.  Students that achieve their degree will have more opportunities than those who decide to drop out of school. It’s not a labyrinth trying to figure out what is behind these numbers. Occupations that require higher levels of skills, like healthcare, are growing. Low skill jobs aren’t really disappearing, but they are shrinking, leaving more workers competing for these positions. The skill and knowledge requirements of most occupations are increasing, and people with only a high school diploma or less are not able to fill many of the jobs that the knowledge economy is in demand of.
According to the authors of “Academically Adrift: Limited Learning on College Campuses” the author argues that college isn’t a good investment, because according to their studies 45 percent of students enrolled at a higher education institution make no improvements after two years in college in their writing ability, reasoning and critical thinking skills. Even worst the author argues that one out of three senior graduates had no improvements whatsoever in their writing and critical thinking skills than when they first arrived to college.  With these staggering statistics many people are beginning to wonder if higher education has been placed in the midst of a higher education bubble.
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