A study by theBrookings Institute tried to answer the question: Where is the Best Place to Invest $102,000 -- In Stocks, Bonds, or a
College Degree? Well, my
students don’t have that kind of money, but if you could borrow it, where would
be the best place to invest?
By comparing various investment alternatives
since 1950 –stocks, corporate bonds, treasury bills, gold, housing, higher education, they came
up with an answer which is …..a college degree.
Yes, a college degree, over the long term, will result in greater income
gain than any of the other alternatives.
So, college is a good investment for the individual and for our country. And an associates degree leads the pack.
However, this financial analysis leaves out an important difference between, for example, buying stock and going to college. The first requires money and patience for the stock to gain value. The second requires effort - studying, writing, researching, putting off other activities, cutting down on outside work. A student who goes to college invests in herself/himself by learning new skills and habits of thought.
The decision to go to enroll in college is one of the most important in a young person's life. And the rewards of obtaining a degree will last a lifetime.
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