In 1964, the National Center for Educational Statistics reported the average annual cost of college to be $6,592 to $13,233 (in 2011 dollars) for public and private colleges, respectively. Now, only 50 years later, college tuition ranges from $22,826 for public institutions to $44,750 for private institutions, according to the College Board. With the high unemployment rate and mounting student debt, parents and high school students are wondering if getting a four-year degree is even worth it. It is.

Our world is based on innovation and higher-level thinking; ergo, many employers want educated workers who are experts in their field. Those who opt out of studying for a degree will find that their chances of getting a high-paying job are slim. And the college graduates? They have a wider range of employment opportunities, which, in addition to offering higher salaries, offer health insurance and retirement plans, an added benefit.

Colleges and universities also offer students the chance to figure out their career path. Thousands of students are undecided on what to major in, and taking a variety of college courses can help them discover their passion. Colleges also offer job fairs, career services, study abroad programs and internships which can help people in choosing their career.

Another advantage that college students receive is the chance to network. They are able to meet and make connections with college alumni at various events and social functions. Networking is key in the professional world, especially since it is how the majority of jobs are obtained.

Finally, college life is a whole new world with exciting possibilities. Being at a college with thousands of others allows students to meet diverse people and be exposed to a wide variety of ideas, opinions and cultures. College is where people form lifelong friendships, follow their ambitions and figure out what growing up is like. College is an investment—you may put in thousands of dollars, but the return rate is even higher and the experience is priceless.