Is going to college worth it? There is no absolute answer to that question. Sorry.
From a statistical standpoint, the economy shows that a high school diploma simply isn’t enough. Bill Gates, a dropout from Harvard himself, has pointed that by 2025, two-thirds of jobs will require a college degree to be employed. On the other hand, Michael Bloomberg, a graduate of Johns Hopkins University and Harvard Business School, has advised that if you have a skill set, skipping an undergraduate degree may not be a bad idea after all.
It’s almost ironic to see a dropout advocating for college degrees and a college graduate supporting those who seek employment after high school. The truth is they are both right and wrong - they are the prime example for that.
The answer is unique to each individual. In general, a college degree does equip you with a better chance of landing a “great” job, but that’s not your only option. Even among college graduates, there’s still an unemployment rate of 3%. Of those who are employed, many are underemployed as 51% of graduates from the last two graduating classes are in jobs that don’t require undergraduate degrees.
So, what’s the takeaway? The choice is yours, and that’s the most important part: understanding that you have the option of applying and going to college, technical school or community college. And it’s okay if you don’t know yet. Take a gap year to figure out where your passion lies, explore career opportunities and higher education options. You never know what’s out there.
Choosing where to go to college is an incredibly important decision. Make an informed choice by talking to current students on our mentorship platform. Access 60,000+ successful college application files uploaded by college students (they get paid when you view them).