A recent survey by NBC News reveals a significant shift in public perception regarding the value of a four-year college degree. It shows that about two-thirds of Americans now believe that the degree isn’t worth the financial burden.
Specifically, only 33% of registered voters feel that a four-year college education is beneficial, arguing that it increases the chances of securing a good job and higher earnings over one’s lifetime. In stark contrast, a sizable 63% think that these degrees are not worth the cost, mainly because many graduates leave school without relevant job skills and are saddled with substantial debt.
To provide some context, a survey conducted back in 2017 found opinions to be more evenly split—49% thought a college degree was worth the cost, while 47% disagreed. In 2013, similar questions posed by CNBC indicated that 53% still considered the degree a good investment, with only 40% opposing that view.
The average expenses for tuition, fees, and room and board at a private four-year college for the upcoming academic year are projected to be about $58,600. This financial concern might be contributing to changing attitudes, perhaps prompting doubts about the traditional notion that a degree guarantees a better life.
Jeff Horwitt from Hart Research Associates, who helped conduct the survey, commented on the surprising nature of these results, noting that skepticism is widespread and not limited to those without college degrees.
Overall, it seems that many Americans are reconsidering the true value of a college education in light of rising costs and unclear job prospects.
