Pros and Cons of Investing in Education

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Young people strive to get a good education and find a well-paid job upon graduation. But does a prestigious degree always guarantee a large salary?

Advantages and Disadvantages of Modern Higher Education

We spend a lot of time, effort, and money on obtaining our primary profession, attending various courses, and achieving personal growth. However, investing in education doesn’t always pay off. Getting a degree from a prestigious university or college may only be a tribute to fashion, something you’ll have no use for after graduation. Do you want your knowledge and skills to help you pay off college loans as soon as possible? Maybe, it is worth using only free educational resources? Many students select this option and buy essay writing service. But let us break down the positive and negative sides of this harsh truth of student reality!

1. Pros of Investing in Education

Education can be thought of as a way of acquiring knowledge by drawing on other people’s experience. After being awarded for one of his breakthrough discoveries, Isaac Newton compared himself to a dwarf standing on the shoulders of previous giants and, therefore, being able to look a little further. Education enables you to save time and achieve better results much faster. Having a solid educational background is a significant step towards a successful career in the future. In the modern world, doing well financially is hardly possible without investing in education. Classical education implies studying at a university in a home country or abroad. A person who has received an academic degree from a prestigious university stands a better chance of getting a well-paid job. That way, they can recover the money invested in their training within the next several years. Self-studying is as important as attending lectures at an educational institution. Nowadays, online training is an affordable alternative to the traditional system of education.

2. Cons of Investing In Education

“The best education you can get is investing in yourself. But this doesn’t always mean college or university,” Warren Buffett once said. What he meant by this is that spending a lot of money on education is not a guarantee of becoming successful in life. There are multiple examples of investment in education not paying off as intended. The value of prestigious higher education is grossly overestimated in most cases. Therefore, young people are recommended to think twice before applying for an expensive university. According to Peter Thiel, the co-founder of PayPal, modern higher education looks like a classic financial bubble, which is even worse than the real estate bubble of 2008 since an education loan is much more difficult to repay than a mortgage. Parents are willing to get into huge debts to give their children an education — and most people do it. However, unemployed young graduates coming back home and living there is not exactly what they’re expecting when making their sacrifices.

3. Why Investing in Education Is Important

Despite the cost of higher education, it enables a person to achieve high standing in society and increase their level of income. It also allows young people to start off their great career paths. Getting an academic degree can bring multiple benefits, such as recognition, success, satisfaction, financial independence, and freedom. Nobody can take away the knowledge and skills you acquired. But it also works the other way round — no one can force a student to learn except themselves. The important thing here is to know exactly why you need an education and what you can achieve by getting it.

To sum up, young people should invest in themselves wisely. The return on their investment ultimately depends on how productively they will use the acquired knowledge. Before investing in education, it is crucial to identify ways of achieving this goal and the direction in which a young person will be headed for the next ten years.