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Since the answer is so individual, no one can tell you in advance what life-long memories and benefits you'll end up taking away from a college experience. Discovering your unique meaning is one of the many pleasures and surprises of the experience. However, there are certain commonalities shared by most college graduates — the traditional and conventional advantages of possessing a degree.

Among them we can include:

A competitive edge.
In our grandparents' day, a high school diploma served as the gateway into the working world. Today, a four-year degree is a virtual necessity for landing an entry-level position, particularly one with growth potential. A degree provides an edge over the competition in an increasingly competitive marketplace. Attainment of a degree indicates to a potential employer that you are intelligent, persistent, and responsible; that you are not afraid of making a long-term commitment, and that you are capable of setting and meeting distant and difficult goals.

Greater earning potential.
A degree provides one with the opportunity to command a higher salary than someone who lacks a college education. According to the U.S. Census Bureau, for instance, a bachelor's degree has the potential to nearly double the annual income the same person could earn with just a high school diploma. And the higher the degree you obtain, the more valuable a resource you'll become to an employer.

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Career advancement.
A degree can play a major role in moving your career forward. According to the U.S. Department of Labor, for example, nine out of ten of the fastest-growing jobs during the next decade will require some education or training beyond a high school diploma, and a bachelor's or associate degree is a requirement for 12 of the 20 fastest-growing occupations.

Culture.
The typical four-year college degree almost universally includes a broad survey of culture - the sciences and humanities that form the basis of civilized life. Exposure to art, music, history, social sciences and the scientific method can create a deep and long-lasting appreciation for the finer things in life, as well as a finely-tuned mind.

Satisfaction.
In addition to purely financial considerations, college provides one with the opportunity to develop intangible but important personal traits like discipline, critical thinking, self-esteem and communication skills. Those papers don't write themselves, after all!