Essay 1 “Should Everyone Go To College?” In this report “Should Everyone Go to College?” written by Stephanie Owen and Isabel Sawhill, a senior research assistant in the center of children and a senior fellow in Economic studies and co-director of the center on children, spoke about how has been absurdly overrated. Owen and Sawhill reported in the first paragraph of the summary saying “By telling all young people that they should go to college no matter what, we are actually doing some of them a disservice” Their prove in the report is known to be 100% accurate because this proves were gotten from reliable sources like March CPS 2007-2010, Hess et al and some other reliable sources. The rate of return on education can be calculated by discovering the cost and benefit associated with a certain level of schooling, this cost will be made up of the cost of textbooks and stationery, salaries of all the staffs, cost of time and study, rent of land on which the institution is cited and some other expenses. The cost of education is very high so there is not much net benefit. In other words the higher the tuition of college education the lower the net benefit of attending. Owen and Sawhill's report says that “the correlation is not causation, and getting at the true causal effect of …show more content…
The field of study a student makes can make a large impact on what degree he or she chooses, most students choose the wrong field of study for their career, so they end up changing their career into something they do not want. The career in which these student changes have low paid jobs. Just as Owen and Sawhill said "the highest paid major is engineering, followed by computers and maths. The lowest paid major, with barely half the lifetime earnings of engineering majors, is education followed by the arts and psychology". They also have a chart showing the work-life earnings of bachelor's degree holders by college major (Figure