Education

1. The Obvious

Let’s start with the obvious — there is a serious wage gap between those with and without a degree. And that gap is projected to grow. In fact, a collective study by the Center on Education and Georgetown University found that people who hold a bachelor’s degree and work full-time earn 84% more in their lifetime than those with a high school diploma.

People with a college education also enjoy other benefits like health and life insurance, both of which lead to a longer lifespan. Thus, when evaluating the ROI for a college education, it’s important to look at the big picture. Over a lifetime, those with a degree simply earn more — whether that is money, benefits, or both.

2. The Future and AI

The job market is changing dramatically to match the growth of artificial intelligence. As technology becomes smarter and more sophisticated, companies are able to filter out certain roles in favor of automation. This means that jobs are changing. Roles that used to rely on human interaction are being replaced with artificial intelligence.

In wake of that change, there will be an increased demand in jobs that require an advanced understanding of AI technologies. Now, more than ever, it is important to invest in an education that can handle those needs. And yet, there are still other important skills to consider…

3. Learning How to Think

Higher education isn’t just about earning a degree. If we step back and examine what a college experience entails, we can see that it is more than just attending classes and taking exams. In fact, higher education is about learning new ways of thinking and acquiring problem-solving skills.

Students are asked to reason outside of their comfort zones. They are taught to engage in critical thinking as both an individual and as a member of a classroom. In many cases, students are required to stretch their imagination in both oral and written works, often presented in front of their peers. In other words, a college education teaches students to think differently.

Outside of earning a degree, a student will graduate with new and improved skills in critical thinking, analytics, written and oral communication, and group problem-solving.

4. International Education

One of the more obvious benefits of a college education is the opportunity to study abroad.

Though not always compatible with every degree option, most schools with strong abroad programs are flexible in helping students pursue international study. We could dedicate a whole article to the benefits of studying abroad, but the most important takeaways are increased experience in global education, independence, language proficiency, and cross-cultural learning excursions that enhance classroom instruction.

Study abroad ranges in duration from a few weeks in the summer to an entire year, and many institutions offer special pricing for their programs. In some cases, an institution will have an established program abroad, that allows students to study at the same price of tuition as in their home campus. It is rare to have that kind of opportunity outside of a college education.

5. Research

Some colleges and universities allow undergraduate students to engage in research opportunities independently or alongside a professor. This is a huge benefit to students who are looking to gain some experience before pursuing a master’s degree, where research is almost always a requirement of the program.

In other cases, some schools actually require their undergraduates to complete a capstone or final thesis as a component of graduation. No matter what the circumstance — even if not conducted for the purpose of graduate school admittance — research teaches valuable skills in project management and writing etiquette. This kind of experience is very attractive to employers who are looking for evidence of dedication and personal discipline.