Why You Should Go to College?

There are many trade-offs to be considered with regard to going to college. On the cost side, there is the cost of 4 years of tuition and other expenses, along with the foregone income of those 4 years. On the revenue side, research has shown that salaries for those after college graduation start at a much higher premium than salaries for those that only have high school degrees. Furthermore, the income of college graduates is also expected to go up at a much faster rate over the course of their life as opposed to that of just high school graduates. The reason for this is two-fold. One reason is that a college degree has a signalling effect with tells employers about one’s skills. The other reason is the actual knowledge and experienced gained through college that enables one to rise up the ranks faster in a firm