A college degree takes a lot of hard work -- and often costs a lot of money. That kind of investment, however, is one that nearly always pays off.
- You'll have higher lifetime earnings. Figures vary from several hundred thousand to a million dollars or more over your lifetime. Regardless of the details, however, you'll have more income.
- You'll have knowledge to make more educated choices about everything from mortgage rates, your car loan, retirement plans, and investment options.
- You'll have more lucrative career options. The difference in opportunities for someone with a college degree instead of just a high school diploma is quite significant. Add a graduate degree on top of that, and the sky's the limit.
- You'll have doors open that may otherwise have been shut. With a college degree often come the training, experience, and networking that are inaccessible to people without experience in higher education. Earning a college degree now will provide you with the ability to at least get your foot in the door of many different -- and lucrative -- opportunities in the future.
- You'll experience indirect financial benefits. While having a degree won't automatically improve your credit rating, for example, having a good job that you got because of your degree can increase your credit score.
- You'll have access to jobs with better benefits. There's more to any job than just the take-home pay. Better-paying jobs, most of which require a college degree, can also offer better benefits, like retirement matching, health savings accounts, childcare stipends, tuition reimbursement, and commuting costs.