Is a college degree worth the time and expense? Here is an analysis of Utah results


Britain does not need a public policy agency report to fully appreciate the costs and benefits of college education.

They know what it is like to try to meet the end with anxiety that does not have dead-end jobs and health insurance. Britain knows how to graduate from college with high honors with a bachelor’s degree in computer science, which is a highly sought-after credential in the workforce.

Is a college degree worth the time and expense?

Here’s a glimpse of Britain’s live experience.

“We are just seven months away from a master’s degree and we are enjoying those benefits. We are able to buy the house we love. My wife can work part-time and spend more time with our children. Said Britton, who was in her early 40s when she graduated from university.

This is not to say that it can be done without easy or significant financial investment.

A Chem C of the University of Utah. New report from Gardner Policy Institute Average tuition and fees at Utah’s public colleges and universities doubled from 2000 to 2020, rising from $ 2,283 to $ 5,306. Add to that the cost of housing, books, transportation and food.

Britton, a traveling student, said he and his wife, Karin, understood that the cost of their graduation would bring down their family budget, but they chose to take the long view of investing.

“We undoubtedly know that the long-term benefits of pursuing a degree outweigh the temporal discomfort,” he said.

The report found that while the cost of tuition and fees is rising, the number of Utah students receiving grants-in-aid has risen. In 2009, 34% of students across the Utah System of Higher Education received grant aid, up from 42% in 2019.

“However, students who do not receive assistance still face higher tuition costs,” the report states.

The report shows that students have the largest share of college and university funding.

“In 2000, 72% of funding came from state appropriations, compared to 50% in 2020. This decline in state investment contributes to the rise in tuition and fees seen in recent decades, reflecting a nationwide rise,” the report states.

Eight technical colleges in Utah receive a significant share of their funding through state tax funds.

In fiscal year 2020, the ratio for all technical colleges was over 90%, while Uintah Basin Technical College was at 97%.

“These differences are partly due to differences in mission. Utah’s technical colleges focus on providing short-term training that is heavily focused on job placement. Examples of programs include training to become a welder, electrician, truck driver, cosmetologist, nursing assistant or phlebotomist, ”the report states.

Utah’s tuition and fees are well below the national average. In comparison to average tuition and fees for a four-year degree in 11 Western states, Utah’s rates are the ninth-lowest. Only Nevada and Wyoming were lower.

And when compared to Utah colleges and universities in peer institutions in other states, average tuition and fees are lower in Utah.

According to the report, approximately 80% of Utah high school graduates pursue postsecondary education and attend an institution in Beehive State, which means that tuition rates at in-state institutions are more significant compared to other Western states.

The report notes that the state contributes significantly to Utah’s 16 public universities and colleges, which include eight technical colleges.

In the FY 2020 Utah Budget, sixteen percent ($ 1.3 billion) of state funding is earmarked for higher education. While these investments are substantial, a previous USHE analysis estimates that the state will return $ 3 of every $ 1 of tax revenue it invests in public higher education due to increased salaries of USHE graduates.

A recent report to the Utah Board of Higher Education highlights other social and personal benefits that contribute to educational achievement.

Personal benefits include increased earnings, economic mobility, a healthier lifestyle and a higher likelihood of obtaining employer-provided health insurance.

Britton said health care is an especially important job benefit for his family.

“In the past, I spent years without any health care because of the high cost and my low wages. My degree has taken away many of the stresses of the past and has given me great joy, ”he said.

Social benefits of higher education include higher gross domestic product, reduced crime, increased voluntary rates, and higher rates of voter participation. Other social benefits include a low unemployment rate, reduced reliance on public assistance, reduced health care costs and a reduced poverty rate.

“We usually talk about it as a benefit to our higher education system (our) diploma, but it is also a broad way of showing that we also have a business that runs higher education in our state.

The state’s 16 technical colleges and graduate universities and colleges employ more than 53,000 people and contribute to the creation of companies and innovations through research and innovation.

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