College education's effects on earning potential and economic growth

¶ … College Education

Education forms the foundation of an individual's character and provides a separate identity differing from the others existing around. The beginning of education of an individual originates from the individual's home through parents and through observation as well as from the people around. As a result it plays an essential part in the formation of an individual's personality. Like Hosea Ballou once said, "Education commences at the mother's knee, and every word spoken within the hearing of little children tends towards the formation of character"(quotable quotes). Education is of many forms including early or basic education at home, education at school or an institution. In this analytical research paper, we will discuss one of the many ways of obtaining education, which is an institute particularly a college as well as its advantages for an individual.

The term 'education' has several definitions, it can be defined as " The act or process of educating or being educated" (definition of education) or as "The knowledge or skill obtained or developed by a learning process"(definition of education). Education also refers to the one received from an educational institution, in other words a college.

There are many advantages for acquiring a college education, which are discussed in the following passages of our research paper:

Study and Personal Skills

Through college education, students can learn to acquire academic skills by taking reading and writing assignments and other work regarding the course syllabus (benefits of college). By undertaking these assignments, students get an opportunity to work and communicate with other students belonging to different backgrounds, groups and associations (benefits of college). Such activities help students in their professional life as they learn to communicate through reading and writing (benefits of college).

College Education provides a better earning power:

Going to College pays big dividends because students graduating from college earn a higher amount of salary as compared to those who don't receive college education. Present figures from the Census Bureau (benefits of college) reveal that the level of education received plays an essential part in determining yearly earnings. People without a college degree earn a yearly salary amounting to approximately $12,447 (benefits of college), whereas well-qualified students are able to earn approximately $83,089 that is by far more than an individual without a college degree (benefits of college). As a result, obtaining college education is considered a valuable asset that not only provides innumerable opportunities to earn better but also results in the growth of the economy on the whole.

College Education creates economic activity:

The opportunity to avail the different activities provided by the colleges and other institutions to their students' assists in producing a healthier and stronger nation. This investment made by the college pays off at a higher level when these students graduate college with a healthy body and a sound mind and start performing and participating in more constructive activities, as a result they play a major part in increasing the economic activity on the whole. With more and more citizens involved in constructive tasks that are crucial for a nation's development, it is not only the individual that reaps the benefits but it is also the society that gets its due share of the goodness of such highly recommendable activities.

College Education augments parental awareness:

Better-educated individuals make better parents. Guardians that can effectively communicate with their children, protect them better against not only the evils of the society but also of the prejudices that our society nurtures and gender as well as racial discriminations. Highly educated parents can further assist their kids in their educational accomplishments and other aspirations of the scholarly nature. Experience proves that children of those parents who are well educated have better vocabularies, are more fluent and confident and more presentable as well as stable emotionally and financially than their counterparts coming from less-educated backgrounds. The stability comes from the homes. And children with more qualified parents are therefore more stable because educated parents are mostly good couples growing into better human beings by participating in a healthy relationship.

College Education provides social benefits:

There are several significant social benefits that college education provides. College graduates make up a nation of constructive citizens for the number of registered voters increases ten folds, people become more aware resulting in a decrease in adult deaths. In addition to this, the crime rate decreases with a nation of well-educated citizens and also experience better working conditions.

College Education provides entertainment:

Colleges and other institutions act as a source of entertainment by holding numerous programs and enjoyable events as well as several other facilities that include the access to library, events like sports competition and fun filled concerts. Such programs at colleges allow students to keep their minds off of the usual course work and to feel a part of the world by engaging into such activities.

College education increases career opportunities:

Obtaining college education can result in various career opportunities for individuals. In addition to this students at a college can learn useful skills all through their life at college.

Conclusion

Hence from the aforementioned passages of our analytical research paper, it is evident that obtaining college education is most certainly worthy. Even though some of the educational institutions demand an enormous amount of fee, it can be said from the above paragraphs that the advantages of college education by far outweigh the educational expenses. Nonetheless, the government has been taking considerable measures to grant loans and is making efforts for the availability of financial assistance to students who lack sufficient means to pay the required amount of any institute. The federal government provides aid to those students who deserve to continue further studies and has brought about programs regarding loans and financial aid.

Hence the above benefits of college education determine that students with college degrees achieve a greater sense of individuality as well as an increased and a high standard of living as compared to others without a college degree. In addition to the above, college education helps in developing confidence in an individual which eradicates all sorts of growing insecurities and gives a bright perspective to life, thereby producing a strong, confident, healthy as well as a successful nation.

Thus from the above discussion, we may safely culminate that for an economically, socially, morally, technologically as well as financially charged nation, college education is a must. In addition to the above, college education increases effective business communication and it is one of the top requirements for job promotions. College education further helps in communicating in an intercultural environment. As one of the articles states: "bridging cultural gaps to the mind of the eastern European and Asian is half the battle; the other half is understanding the business protocols- and western forms of business communication. Thus, regardless of changes in political thought, eastern European and Asian MBA candidates and current degree holders are eager to combine and understand western management strategies with their own cultures" (Retaining Managers, p. 5-6). Hence it is evident that college education helps in better comprehension of the cultural values of other individuals, nations and races and the adequate management as well as marketing strategies that are essential to be a corporate success. Moreover, it is not only cultural values that college education helps understanding but also to become well aware of the corporate ethics, the workforce including first-line supervisors, managers, administrators as well as the top executives need to be highly qualified.

In short, college education helps us grow into more cultivated and socially aware human beings. Hence, college education helps us to become what we potentially are!