Is College Worth It? Consider These Factors Before Enrolling
Key Takeaways
- Public confidence in the value of higher education has waned, leaving many students wondering if college is worth the investment of time and money.
- Workers with four-year college degrees earn higher wages and experience lower levels of unemployment than those with only a high school diploma.
- Many professions demand a college degree, but some well-paying jobs only require an apprenticeship or vocational training.
- The average net cost of attending college is about $15,200 per year at public institutions and $29,700 at private, nonprofit colleges and universities.
- Thirty-eight percent of first-time, full-time college students borrow money to pay for college, with an average loan amount of $7,700 per academic year.
Source: Forbes (2024). Is College Worth It? Consider These Factors Before Enrolling.