Tennessee, for instance, saw its applications for student loans decrease by 17% in the first year of its program, with loan amounts decreasing by 12%. Education also makes you wiser so that you can make your own decisions. To get more reports like this one, click here to sign up for EdSources no-cost daily email on latest developments in education. The data from most of these studies end in 2007 and 2008, before the recessions full impact was felt. Why are students starting their own businesses right out of high school? Benefits to Increasing Teacher Pay For instance, male children are more financially secure and more self-dependent. getty Over the past two decades, published college tuition has increased in price more than any other good or service besides hospital care. 10 Benefits Showing Why Education Is Important to Our Society If we want to see the world as a just and fair place where everyone is given equal opportunities, education is what we require. Yet, there are still 124 million children and adolescents not in school. On the other hand, in underdeveloped and developing nations, where literacy rate is not as high, a number of people are still living below the poverty line. WebThis is because education provides a foundation for a person's future, both personally and professionally. Therefore I think people should have free education for those who meet the admission requirements. The relative costs and benefits to investments in older persons compared to younger persons differs. One reason for the growing gap in achievement, researchers say, could be that wealthy parents invest more time and money than ever before in their children (in weekend sports, ballet, music lessons, math tutors, and in overall involvement in their childrens schools), while lower-income families, which are now more likely than ever to be headed by a single parent, are increasingly stretched for time and resources. Education is essential to learn, Education helps you become an active member of the society and participate in the ongoing changes and developments. All comments are moderated for civility, relevance and other considerations. That might mean you are trained in one specific field or well educated in many different things.