Despite rising costs of earning a degree, more students are filling out college applications than ever before. As the future of the employment market and the economy remains uncertain, a former college president says that education is still a worthwhile investment in the future, according to an opinion piece published in USA Today.
Rodney Smith, a professor at Thomas Jefferson School of Law and former president of Southern Virginia University, wrote that although student debt is higher than it has ever been, a college education should still be seen as an investment for young people.
"Graduates enjoy increased opportunities for employment at higher rates of pay, providing them with the wherewithal to pay off debt, if they are wise stewards of that debt," Smith wrote in the article. "It also brings joy into lives in a world that is increasingly stressful."
As President Barack Obama attempts to solve the growing problem of rising student debt, the opinion of the higher education system remains generally favorable. According to recent data from the Pew Research Center, 82 percent of Americans believe that a college education offers a fair to excellent value.
Do you think that despite rising tuition costs it is still worth it to earn a college degree?
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