It does not make sense to avoid post secondary education because of its cost since in the long run:

It does not make sense to avoid post secondary education because of its cost since in the long run:

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

B) You or your parents can write it off your taxes.

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

This statement has focussed more on the monetary gains that a post-secondary education brings in the long run. There are many ways how one can manage the expenses that come with a college education including the start-up cost college expenses may seem high when incurred at the starting point of the entire college cycle while in reality, the income that college graduates earn later in life when compared with non-college graduates, outweighs the cost. Education statistics reveal that the coefficient that explains the incidence of earning increases as the level of education increases.

For instance, we have the following statistics from the U.S. Bureau of Labor Statistics as of 2021, the weekly wages of employees with Bachelor’s degrees were $1,334 as opposed to $809 for the high school counterparts. Indeed, this implies that employers of female engineers pay $525 less per week while the hourly wage earns over $27,000 annually. Done over 40 years, this may mean more than a million dollars in extra income, which is way above the average cost of a college education.

Furthermore, it also means that education opportunities such as higher education give people more security, better pay, and many promotion opportunities. Such aspects explain the general shocks regarding the return on investment in education. As for the pragmatic choices B, and C, ranging to D, it should be mentioned that none of them directly relate to the consideration of education cost and its future saving potential.

With this point of view, it is possible to look at education not only as the expenses made now but as investments made for the future, which gives rather solid reasoning to get an education despite obvious costs.