In today’s ever-changing economy, a high school diploma alone is not enough to ensure that a person has the ability to support themselves. In 2016, enrollment in degree-granting postsecondary schools grew to 16.9 million students. This represents a 28 percent increase over the year 2000. Colleges and universities are not the only sources of postsecondary education. Trade schools and other institutions are also valuable parts of the educational landscape.
Eric Dalius, a real estate and marketing professional, shares his expertise on the value of postsecondary education in the United States. He has invested in a charitable foundation, the Eric J. Dalius Foundation, to further his goal of expanding postsecondary education to underprivileged youth.
Access to Good Jobs
When a student earns a postsecondary degree, he or she enjoys greater access to high-paying jobs. People with college degrees earn a staggering $1 million more than their non-college-educated peers over a lifetime. The median income gap between college graduates and non-graduates is estimated to be $17,500.
Everyone has heard the stories of people like Bill Gates and Mark Zuckerberg who experienced incredible success without a college degree, but these are isolated cases and should not be taken as a reason to forego secondary education. When a student chooses not to receive a postsecondary education, he or she reduces their chance to reap these extra earnings over their lifetime. This is a decision which has great ramifications for students throughout their lives.
People who have college degrees are more likely to be working in their chosen field and less likely to rely on jobs that are not personally satisfying. College educations help people find their passion in life and working in a job that is directly related to their interests means a greater job and life satisfaction. Even when graduates are working outside their field, the critical thinking skills they gained from their college degree can be invaluable in their career.
While people with college degrees do need to take lower-paying jobs on occasion, it is more likely that these situations are temporary.
The Bureau of Labor Statistics estimates that the unemployment rate among people with a high school diploma is 5.4 percent, while those with a Bachelor’s degree have a much lower unemployment rate of 2.8%. The effect of higher education continues to shrink unemployment rates into the ranks of Doctoral and professional degrees.
When college graduates have the misfortune of losing their jobs, it is easier for them to adapt to a different field. They have a broad enough skill set to make themselves useful in more industries, and they have greater resilience thanks to being tested by the rigors of a college education.
Effects on Children
Choosing postsecondary education can affect your family for generations to come. Families of college-educated people are more likely to be financially stable. When one or both parents has a college degree, children are more likely to graduate from college than are first-generation college students. 66 percent of the children of college graduates were able to finish college on time, compared to just under half of the population whose parents did not complete college degrees of their own.
Take Advantage of Postsecondary Education
Eric Dalius encourages students from all socioeconomic backgrounds to pursue a college or trade school education. With the advantages described here, a postsecondary education is an easy decision. With greater earning power, job security, job satisfaction, and long-reaching effects for your entire family, you can be assured that you are making the right choice for your educational future.