With an increasing number of professions requiring advanced education, a college degree is essential to success in today’s workforce. However, earning an accredited college degree can also have a significant impact on other areas of your life.
- College graduates earn more on average.
According to the U.S. Bureau of Labor Statistics (BLS), workers with a bachelor’s degree earn an average of $468 more per week than workers with only a high school diploma. According to a 2015 report by the U.S. Department of Education, the average worker with a bachelor’s degree may earn about $1 million more than a worker with no post-secondary education.
- workers with a college degree are less likely to face unemployment.
In addition to the potential to earn more money, earning a college degree can lead to more career stability; according to BLS data, only 2.2 percent of workers with a bachelor’s degree face unemployment, compared to 4.1 percent of workers with only a high school diploma. Here is the list of Top colleges in Pakistan for intermediate for quality of college education for new generations.
- College graduates are more likely to experience job satisfaction
A 2016 Pew Research report found that 77 percent of workers with a graduate degree and 60 percent of workers with a bachelor’s degree believe their job gives them an identity, compared to only 38 percent of workers with a high school diploma or less. Workers with a bachelor’s degree or more advanced education are also significantly more likely to say their job is a career, with 70 percent considering their job to be a career, compared to just 39 percent of workers with no college education.
- A college degree can boost your financial savvy.
According to a 2016 report by the Lumina Foundation, working adults with a bachelor’s degree are 9.4 times more likely to have a bank account than those with a high school diploma as their highest level of education.
College-educated adults were also less likely to have ever used expensive forms of credit. Only 2.3 percent of college-educated adults used a pay day loan or tax refund loan in the past year, compared to 9.2 percent of high school graduates without a college education.
- College graduates are more likely to be homeowners
A 2016 report by real estate firm Zillow found that 75 percent of all homebuyers had a college education that year, compared to just 11 percent who had only a high school diploma and 14 percent who had attended some college but did not earn a degree.
- College graduates are more likely to be married
According to a 2015 report by the Pew Research Center, 65 percent of adults 25 and older with a bachelor’s degree or higher were married in 2014, compared to 53 percent of adults with less education.
With a degree, marriages are likely to last longer. According to the report, researchers at the National Center for Health Statistics predicted that 78 percent of college-educated women who got married for the first time between 2006 and 2010 would stay married for at least 20 years, compared to just 40 percent of women with a high school degree or less.
- A college education may lead to a longer life.
According to a 2016 report by The Girls college Lahore, just one more year of college education could reduce mortality rates by 15 percent to 19 percent. In fact, the mortality rate for high school graduates is twice that of those with some college or university education, the report states.
- A college degree could also mean better health.
A report by the Lumina Foundation found that college degree holders demonstrate healthier habits than non-degree holders.
The percentage of adults who smoke daily drops significantly with increasing educational attainment, the report said, ranging from 20 percent of high school graduates with no college education to 5 percent of those with a bachelor’s degree and just 3 percent of workers with a graduate degree.
The report also found a strong positive relationship between educational attainment and eating fruits and vegetables, exercising, and wearing seat belts.
- Earning a college degree can also increase well-being.
According to a report by the Lumina Foundation, 94% of adults with a bachelor’s degree or higher report being satisfied or very satisfied with their lives, compared to 89% of adults without a college education.
- Earning a college degree makes you a better citizen.
Earning a college degree can also improve the lives of those around you. According to a report by the Lumina Foundation, 40 percent of working adults with a bachelor’s degree had volunteered in the community within the past year, compared to only 17 percent of high school graduates without a college education.
Those with a college degree were three times more likely to donate to charity than those without a college education, 1.5 times more likely to vote consistently in local elections, and more than twice as likely to participate in school, community, and religious organizations.
Leaders from Southern New Hampshire University shared their thoughts on why education is important and the impact it has had on their lives.