With some changes being made on student loans, you are probably wondering if it makes sense to get through college, especially if you could end up with a serious student debt in the years to come. But, getting through college is still your ticket to have a reliable financial future. So whether you are still considering going to college currently enrolled, or doubtful about it, below are some of the major reasons to complete a degree and beyond.
Take Advantage of Better Job Opportunities
In the near future, jobs will require their applicants to have some kind of college education before getting hired. Although you may still get job opportunities if you don’t hold a bachelor’s degree, you may miss out on the opportunities to have a decent, livable income. Because of the strong demand for college graduates, you are likely to avoid unemployment.
Enjoy Greater Earning Potential
In general, degree holders earn substantially more than those who have an associate’s degree or high school diploma. The average salary for college graduates can be up to 40% higher every year than somebody who only graduated in high school.
Reduce your Risk of Bad Debt
For most students, paying for college is a major concern. But, studies show that college graduates are almost 10 times more likely to have a bank account and depended less on other kinds of banking to make ends meet such as Captaincash loans and credit cards. Also, because they have greater income potential, they can easily pay off their educational loan.
Enjoy a Higher Job Satisfaction
Since you have studied a topic and degree you are interested in, you are likely to enjoy what you do, hence, you feel satisfied with your job. With the benefits cited above, your job will also improve your quality of life. In fact, college graduates tend to have a better health, smoke less, and exercise more. Some of them may also volunteer and vote more, making themselves active community participants.
Enjoy Better Employment Benefits
From health care and retirement investment to community and travel discounts, college students enjoy many benefits and perks within and outside their place of work. These perks can help their family because they provide long-term stability. Particularly, in terms of health insurance, college graduates and their families can enjoy an economic advantage which goes beyond salary. Usually, a decent income comes and employee benefits are a package that employers offer to their successful candidates.