Magazine article University Business

Give Students an Education on How to Pay for One: Students Need a Plan for Financing College to Feel Their Diploma Is Worth Every Cent

Magazine article University Business

Give Students an Education on How to Pay for One: Students Need a Plan for Financing College to Feel Their Diploma Is Worth Every Cent

Article excerpt

The American Dream is an enduring ethos in the United States. It existed among the earliest notions of our forefathers, as it is proposed within the words of the Constitution that every citizen has the right to life, liberty and the pursuit of happiness. While today the American Dream is self-defined, it has historically been represented as an image of a good job, ownership of a home, a happy marriage and 2.5 kids who are increasingly encouraged to go to college and follow their dreams-- with the promise of being able to achieve anything to which they set their minds.

The one aspect of this increasingly bygone notion of the American Dream that still holds true, and with little exception, is that the cornerstone of achieving the American Dream begins with a college education. Lifetime earnings are 84% higher with any version of a bachelor's degree than high school degree, and college graduates can expect their collective earnings to reach $2.3 million. By contrast, the lifetime expected earnings of those who attended college but did not graduate drop to $1.5 million. High school graduates, however, earn even less--$1. …

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