Because of the relatively low cost of attending community college, higher education is now available to individuals who could otherwise not afford the cost of attending a traditional four-year college or university. And many say that university life during these four years can be trifling, forcing individuals to spend more time theorizing about life in a classroom rather than actually gaining a foothold in an increasingly volatile job market. According to the College Board, the average cost of one year of in-state tuition and fees at a public four-year institution is $9,410, while the cost of one year of out-of-state tuition and fees can average out to a hefty $23,890 per year. That’s almost a $17,000 dollar difference and a 62% increa… According to several recent studies, students attending community colleges often participate in classroom discussion and experience one-on-one interaction with professors at a much higher rate than university students. These community colleges, because of their affordability and academic flexibility, also cater to non-traditional students – part-time students with outside obligations, adult learners looking to try out a new field of work. And just as economics always shows, as demand for these skilled workers increases, so too does compensation. © 2020 Value Colleges. At a community college, you may get professionally certified and receive a degree as well. You May Qualify For $6,095 in Grants! Not only are community colleges less expensive, in many cases, students are able to obtain a comparable, if not better, education at a lower cost. Contact the schools to verify any information before relying on it. The unemployment rate for academic two year degrees is 4.8% as of May 2014 while the unemployment rate for occupational two year degrees is only 4.0%. You can compare up to 3 colleges at a time. All of us are aware of the value of college education and how it can help in … Choosing to pursue a degree is one of the biggest financial decisions you’ll ever make, which is why many students turn to community colleges. In fact, many university students graduate having accumulated staggering levels of debt. According to the NCES, tuition costs have slowly risen over the last 30 years with recent statistics showing that the cost of a college tuition can be well over $120,000 or more after four years. Harvard University, for example, has a sticker price around $80,000 a year. Cost is a major reason for this: Community colleges are much cheaper than four-year institutions. the job market is changing, affecting many students’ educational paths, students with bachelor’s degrees made almost 29% more than those with associate’s degrees. These certifications that students can receive at a community college are often the equivalent or better than the certifications a student can receive at a trade school. Most community colleges now require that their professors have a master’s or doctoral degree in the subject that they teach. We must also take into account the fact that trade schools only take 1-2 years to complete, allowing for an additional two to three years of income, so from $70,000 to over $100,000 of average income. University VS College: Which one is better? Public and private universities are much more expensive, lately the rise in tuition has outpaced average inflation by a wide margin. 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