College can be expensive—no one doubts that. But going to college really does pay off, and getting a liberal arts education gives students more than just academic knowledge as they are exposed to more disciplines and have a vast amount of opportunities to connect with others.
Yet, despite the educational benefits offered by a liberal arts college, many students are concerned with the dollars and cents costs of a four-year education. Many think small, private liberal arts colleges are wildly more expensive than a larger, public school. However, while the advertised prices for smaller, private colleges may seem expensive in comparison, the final price students pay may actually be similar. This is because these smaller schools will often give their students generous financial aid. During the 2015-2016 school year, the average Mount student received over $14,000 in scholarships and grants.
Once graduated, students of liberal arts colleges continue to be successful, meaning the money spent on education was well invested. For starters, research conducted by the Council of Independent Colleges indicates that college graduates earn on average $1 million more than students who hold only a high school diploma, and a liberal arts education takes graduates one step further by providing them with a well-rounded education that can be applied to numerous positions.
The website Liberal Arts in Action features a collection of successful CEOs, company presidents, and professionals who encourage a liberal arts education. One of these successful professionals, Warner Bros. Television Executive Producer Tim Kaiser, claims that of the hundreds of new college graduates he has hired and interviewed, those who have a background in liberal arts are the most apt at dealing with the wide variety of demands of the entertainment industry.
But success with a liberal arts degree is not limited to the realms of the arts. Deanna Oppenheimer, a former CEO of Barclays Bank, UK and Western Europe, effectively discusses in her short video how liberal arts instills a willingness to learn new things. She says liberal arts do not just give their students fish, but teach them how to fish.
For the professionals like Kaiser, Oppenheimer, and the others featured on the website, it is clear that a liberal arts education provides more than generous financial aid. It provides students with the opportunity and skills to build their careers, which is an investment that just makes sense.
To read more about how a liberal arts education pays off, visit Liberal Arts in Action’s “Will a Liberal Arts Education Pay off?” webpage, and browse the rest of their site to learn more about the transformative nature of a liberal arts education. Or visit Liberal Arts in Action’s companion page, Power of Liberal Arts, to learn even more about how the liberal arts are more than just an education.
And stay tuned for more posts about the power of liberal arts. In case you missed a post, visit our Liberal Arts major page for links.