As we enter the holiday season many young people are no doubt beginning to consider their future options. With a range of paths to pursue, a high rate

Is university worth it? Yes, for both students and society

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2024-12-24 20:00:04

As we enter the holiday season many young people are no doubt beginning to consider their future options. With a range of paths to pursue, a high rate of youth unemployment in Canada and a higher education sector facing unprecedented challenges it may seem logical to wonder if university is worth it.

In my role as president of York University I see these issues play out every day in the lives of my students and faculty. However, I can say with certainty that, yes, university is worth it for both students and society. And while you might think that I might be biased, there is real data to back it up.

Simply put, going to university enriches both students and society over the long term. We must ensure that students and universities are supported to help ensure as broad access as possible.

While many students entering the market fresh out of university will make entry-level wages, the reality is that over the longer term their earning potential has more room to expand. Those with a bachelor’s degree earn 24 per cent more than the national average. The more education, the higher the earning potential.

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