There’s a lot of good information out there if college is really a good investment or not, but there are also a lot of myths, half-truths, and showcasing of worst-case scenarios. Now, we can finally answer the question “is college really worth it” backed up by facts.
A College Degree Is Worth the Investment
Some people think that those who choose to enter the workforce after college are going to make more money overall than those without a degree. In reality, those who have a bachelor’s degree earn, on average, $1 million more over the course of their careers than those with just a high school diploma.
The Transamerica Center for Retirement Studies reported that those with a college degree are:
- able to recover from economic recessions faster
- more confident in their ability to retire comfortably
- have the financial security to save for retirement versus living paycheck to paycheck
Keuka College Graduates and Student Loans
Keuka College was founded with the belief that our college would provide high-level education to all deserving students, regardless of their economic background.
We still hold that belief and make it our mission to allow students to graduate with a degree without a huge amount of debt.
We are able to keep college affordable through our generous academic scholarship and need-based grant programs.
With our scholarships and need-based grants, our students leave college with a degree and with a smaller amount of debt than those from other colleges and universities. According to the U.S. Department of Education, the typical monthly loan payment of a Keuka College graduate is just $260. To put that into perspective, that is half a car payment, making it easier for graduates to manage.
Additionally, the U.S. Department of Education reports that more than 95% of Keuka College graduates have loans that are in good standing. This means that our graduates are either paying off their student loans on time every month or have deferred their student loans as they continue their education with a master’s or doctorate’s degree.
Learn About Finances from Experts
One of the most underrated benefits of going to college is that you can take a finance course no matter what your major or career trajectory is. At Keuka College, you can take just one or two finance classes or even opt for a minor in finance. Doing so is much more than just a resume builder: It will give you the skills necessary to manage and direct your personal finances from budgeting to investing.
Remember college is not just a time for you to learn about the field that you want to work in. It’s about learning a broad range of topics that can also help you in your everyday life! So, if you are worried about managing your finances after graduating or if you just want to get a better understanding of finances in general then we recommend you take a finance course during your time at Keuka College.
So, is college a good investment? Based on the facts, it is.