Final answer:
The statement that knowing the value of a college education can motivate individuals to complete their degree is true. A college degree remains a valuable investment despite rising costs, with graduates typically earning more than those without a degree. This underscores the importance and financial rewards of higher education.
Step-by-step explanation:
Knowing the value of your college education is indeed one way to stay motivated to complete your degree. This assertion is true because a college degree can be considered a significant investment in one's future. With the cost of college rising, many students rely on student loans, yet the benefits of earning a degree have continued to increase. The widening gap in incomes between individuals with a college degree and those with only a high school diploma attests to this value.
Studies, such as the one conducted by the Georgetown Center on Education and the Workforce, have highlighted that despite the increasing costs and the burden of student loans, the financial rewards of having a college degree are substantial. The investment in higher education can lead to better job prospects, higher earnings, and more opportunities for career advancement.
Furthermore, working while attending college has become more common, with 40% of students working substantial hours to support their education. This work ethic, combined with the degree, may make graduates more attractive to potential employers, thereby underscoring the importance and value of a bachelor's degree.