Making the choice to spend money on post secondary education pays off in the long run because:

Making the choice to spend money on post secondary education pays off in the long run because:

A. You or your parents can write it off your taxes.

B. The salary you will earn with a degree will pay back the cost of college over your career.

C. There are less expensive options for obtaining a post secondary education.

D. You can get grants and scholarships to pay for post secondary education while you are there.

Answer: B. The salary you will earn with a degree will pay back the cost of college over your career.

Education investment, especially the one that is obtained in post-secondary institutions, is usually regarded as one of the best financial investments because the expenditure is outweighed by the enhanced ability to earn money throughout one’s lifetime. This long-term benefit is the major rationale why going for higher education can be economically fruitful. All in all, people with a college education are paid much more on average than people with only a high school education. For instance, information derived from the U. S. Bureau of Labor Statistics shows that in 2020, employees with a bachelor’s level income were $1,305 weekly, while those with a high school education only earned $781 weekly. Thus, the difference for a worker, or producer, accumulating wealth over a career of forty years can mean a million dollars in difference in income.

Further, higher learning education enables people to have a better chance for employment better-paid jobs and better security jobs for the opportunities of promotions. All these factors lead to what is commonly referred to as the overall financial return on investment. Thus, although it is stated that there are cheaper ways of getting post-secondary education (option C) and grants and scholarships help to reduce the costs (option D), this is not the main reason why education is profitable in the long term. They are simply tools used to enhance the delivery of education to the society. Tax deductions for loans (option A) can be to some extent helpful in terms of financial dilemma, but they cannot be of much help to meet the expenditure of education fullest. Thus, the long-term income gain is still regarded to be the strongest financial incentive for attaining post-secondary education.