With the average cost of a bachelor's degree now running about $68,500 at State U. and $154,300 at a private college, one might well wonder if the investment is worthwhile. In short, it is. But the return very much depends on your major.
Rather than view additional pathways to their institutions as new competitors, colleges should see them as ways to improve their own completion rates, expand educational opportunities to more students and provide the American economy with the skilled work force of tomorrow.
America's growing student debt burden is due to price hikes, sure, but it's also the result of increased costs of living and the fact that more and more students are heading to campus. And ultimately, we're not yet at the point where those with the ability to graduate are really being priced out of an education. The trick is making sure we don't get there.
The fiscal cliff creates an enormous opportunity to end an era in which it was never, ever permissible to raise taxes. In the pre-Grover days, conservatives believed passionately in pay-as-you-go government. A tough stand by progressives will make it easier for conservatives to return to the path of fiscal responsibility.
According to a report by Georgetown University’s Center for Education and the Workforce (CEW), Bachelor’s degree holders earn 84% more than those with only a high school diploma. Moreover, the degree you choose greatly impacts your earnings.