We hear that question a lot in the news. And the simple answer is, yes…it does. These statistics from the U.S. Bureau of Labor Statistics reflect the difference in weekly salary and in the unemployment rate between a worker with a high school diploma and a college degree.
So, the answer is yes, but proceed with awareness. See my earlier post regarding the ROI–Return on Investment-of a college degree. The territory needs to be navigated with not only enthusiasm for a certain school or university, but with awareness and information. This awareness should include a strategy to get to the finish line with a diploma in hand and without the burden of too much debt. To do this, make sure to carefully consider which college you attend, for how long, and what if any student loan debt you will have upon graduation. Visit your on-campus advisors and counselors early and often and make sure to have the information you need to be informed.
Millennials are the workplace of the future. Those with degrees will not only be more employable after graduation, they will make higher salaries and be in demand.
Thisgraphic that appeared in the New York Times explains part of the reason why I’ve started this blog, College Ready. Location is a key factor on whether or not children are able to climb the income ladder. Upward mobility varied greatly in cities that have the same or comparable average incomes.
I’m committed to closing the Opportunity Divide, so that every student who can succeed in college, gets that chance to actually get to college. We can’t afford to let geography alone be a barrier to education, employment, equality or economic stability.
Mentors and coaches, peers, and other role models can help. As I’ve said before, the presence of just one adult in a child’s life who believes in him or her, and shows up, makes a difference. There’s not an easy answer but taking one small action can start a ripple effect. I challenge you to spend an hour a week reading to a child-even if it is your own child-and start that ripple.
What are some of your best ideas for helping everyone have a chance at the American Dream?