Friday, June 17, 2022

College Degrees Lose Luster as Inflation Surges and Student Debt Balloons - Paula Cachero, Bloomberg

High schoolers and their parents are increasingly questioning whether a traditional four-year college education is the right financial decision, with rising costs often resulting in crippling student-loan debt. In a recent poll by Gallup, 46% of parents said they would prefer their child pursue something other than a bachelor’s degree, and more than one-third cited finances as an obstacle. Meanwhile, just 56% of adults under age 30 who went to college said the benefits of their education outweighed the costs, according to a Federal Reserve study.

https://www.bloomberg.com/news/articles/2022-06-02/is-a-college-degree-worth-it-inflation-student-loans-lessen-appeal