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The importance of higher education cannot be stressed enough to young people. With a college degree, you are able to choose from a wide variety of high paying jobs that will allow for a comfortable living. We generally think of college education in personal terms. Students invest considerable time, energy and money into building their futures through education. College education brings wider opportunities and a higher standard of living. This is why families save in advance, sacrifice current consumption opportunities, and sometimes go into debt in order to enable their children to continue their education after high school. Higher education is generally a post secondary education at colleges, university, junior or community colleges, professional schools, technical institutes and teaching-training schools. Higher Education Benefits By attending higher education institutions, students obtain a wide range of personal, financial and other lifelong benefits. Likewise, society and taxpayers as a whole derive a multitude of direct and indirect benefits when citizens have access to post secondary education Benefits to individuals include: • Higher levels of education increase earnings potential and decrease unemployment. An individual with higher education will earn more, than a high school graduate will ever make in a lifetime and is less likely to be unemployed. • There is a correlation between higher levels of education and higher earnings for all racial/ethnic groups and for both men and women. • People who have attended college tend to work more in white-collar jobs, in office buildings or other facilities with air conditioning and heating, and with conveniences that improve the quality of their lives. • Improved decision-making. Individuals with higher levels of education have increased capacity to make informed, efficient decisions as consumers. • Parents who have attended college give an improved quality of life for their children. Societal benefits include: • Higher levels of education also correspond to lower levels of job instability and poverty. An individual who has higher education not only contributes more tax revenues but they are also less likely to depend on social safety-net programs, generating decreased demand on public budgets. • College graduates are more likely to vote in elections, volunteer in their communities and make charitable contributions. • Higher education contributes to workforce flexibility by educating individuals in general skills like critical thinking, writing, and interpersonal communication, each essential for economic competitiveness. • College education provides individuals the ability to adapt easier when using new technology. Much of the benefit of higher education accrues to individual students and their families. Average earnings increase measurably with higher levels education for all members of demographic groups. An individual with a college degree earns 73 percent more than the typical high school graduate does. College graduate are also less likely to be unemployed and less likely to live in poverty. Society as a whole also enjoys a financial return on the investment in higher education. In addition to widespread productivity increases, the higher earnings of individuals with higher education generate higher tax payments, and consistent productive employment reduces dependence on public income-transfer programs. Academic success also reduces the tendency to commit crime.
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