6 Reasons to Go Back to School


Higher earning potential, better benefits, job stability - and career success - could start with higher education.

By Marcelina Hardy   
Last updated on 8/06/2014

Are you having trouble finding steady work?

Perhaps you feel like you've been waiting forever for a promotion that never seems to come.

It may be time to go back to school.

While earning a college degree does not guarantee career success, studies do show a link between higher education and some interesting benefits.

Need a reason to go back to school? There are many reasons to consider going back to school, including wanting to learn something new or meet new people.

If you're on the fence about going back and need a few more good reasons to take the plunge, keep reading. We've got six. Check them out now.

Reason #1: Higher Earning Potential

You've likely heard from your parents or teachers that more education could lead to more money.

While this won't be the case for everyone, statistics from the U.S. Department of Labor do support the argument.

In the second quarter of 2014, full-time employees with only a high school diploma had median weekly earnings of $666, while bachelor's degree holders had nearly twice as much at $1,187 per week, explains the Department of Labor.

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Reason #2: Lower Risk of Unemployment

The U.S. Department of Labor reported that the unemployment rate was at around 6.2 percent in July 2014, so it's only natural to fear the possibility of unemployment.

But college degree holders may have less to fear than those without higher education.

The numbers don't lie: according to the Department of Labor, while the unemployment rate for high school grads in 2013 was 7.5 percent, the unemployment rate for bachelor's degree grads was only 3.7 percent.

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Reason #3: More Potential Career Opportunities

By 2020, 64 percent of jobs will require at least postsecondary education, according to "Recovery: Job Growth and Education Requirements Through 2020", a report released by the Georgetown University Center on Education and the Workforce.

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Reason #4: Better Outlook on Life

It turns out that higher education may share a link with a positive outlook, too.

According to a study by Pew Research Center:

  • 86 percent of college graduates ages 25 to 32, also known as millennial college graduates, said their education has been "very useful" in preparing them for work and a career.
  • 72 percent of millennials with at least a bachelor's degree believe that college has already paid off.

Reason #5: Better Role Model for Children

Earning your degree now could benefit your future children later - or so the research suggests.

A study by the National Center for Education Statistics, "Students Whose Parents Did Not Go To College," found that rates of students who went to college immediately upon finishing high school were much greater when parents held a bachelor's degree or higher.

Reason #6: More Likely to Have Health Insurance

Additionally, according to the College Board's "Education Pays 2013" report, workers with a college degree were more likely to have employer-provided health insurance.

Chloe West also contributed to this article by updating the information on 7/27/2014

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