Other pros and cons: Pro: I am guessing you are not going to pay taxes on your income. Pro: The pay on an hourly basis is better than other unskilled jobs such as working at McDonalds. Con: You might get arrested and thrown in jail. Con: Your mother and father probably wouldnt be happy with your choice of career. Con: You might get assaulted or even murdered. Con: You might get an STD such as herpes or even worse, HIV.
You can pay taxes as an escort, but you may want to declare them under a different title such as masseuse.
While you may not need higher education for escorting, it's not an easy job. You're making it sound like anybody can do it. I've met girls who quit in less than week because they couldn't handle it, either because they weren't mentally ready or emotionally prepared for it. Meeting a total stranger and giving yourself to them in such an intimate way is just not possible for some people. You will also have to deal with a variety of personalities, opinions, requests, etc. Not to mention social stigma.
You won't get arrested or thrown in jail unless you publicly advertise FS or don't make smart moves for your business.
You don't join this industry because you want to hurt your family's feelings. You are a grown adult and can make decisions for yourself.
I can agree with the sexual assault and murder topic, because there are sick people out there who specifically target sexworkers due to their personal opinions about them.
You can get an STD/STI whether you're a sexworker or not. It should be basic common sense to use protection when you have multiple sexual partners. Providers also get tested more often than vanilla people do, so there's that.