ALBAWABA - About three quarters of respondents to a survey conducted by Pew fifteen years ago said that a college degree was extremely or very important to advance in life. Today, the proportion has dropped to just one quarter due to rising prices of higher education, with some colleges asking as much as $100,000 year for tuition and other expenses.
Third of Americans’ health data potentially stolen in massive hack, UnitedHealth CEO revealsThe cost of education has increased faster than inflation over the last 20 years, trapping students with significant debt. According to U.S. News & World Report, the median cost of tuition and other expenses at private universities has climbed by 144 percent, while public in-state tuition and fees have gone up by 171 percent for out-of-state students and 211 percent for in-state students.
Approximately half (49 percent) of Americans believe a four-year college degree is less vital for obtaining a lucrative position today compared to it was 20 years ago. Today, 29 percent of Americans say that higher education isn't worth the cost, as opposed to 86 percent of college graduates who suggested that their degree was an excellent investment in 2011.
The study claims that for young men with a high school diploma or a college degree who are employed full-time, average salaries have been "increasing modestly" over the previous ten years, with average annual income of households of young men with a high school diploma has increased from $63,800 in 2014 to $75,200 in 2017.
On the other hand, young individuals without a college degree are doing better on certain important indicators than they have in previous years, according to a new Center study of government data, which comes at the same time as the public is voicing concerns about the value of higher education.
