by Natalie Kitroeff, Bloomberg
Going to college is probably a more profitable investment than ever, but the people investing in it don’t seem to think so.
A majority of college graduates say that students who recently left school will get a lower return on their degree than they would have a decade ago, according to a report released on Tuesday by an educational technology company, Greenwood Hall. The report was based on a poll of 2,000 college graduates of all ages conducted by Nielsen for Greenwood Hall. Respondents pointed to high student debt and low starting salaries as the chief culprits for what they saw as the declining value of college.
“The level of cost and the debt burden on students is greater than it has been before,” says John Hall, chief executive officer of Greenwood Hall. “If you don’t land that job that is a good paying, good type of position right after you graduate, then there’s a lot of pessimism with students and their families.”
The people who earned the most were the most pessimistic about the current value of college. Nearly two-thirds of people making over $100,000 said college has lost value, compared to its usefulness 10 to 15 years ago. Fewer than half of those making less than $35,000 felt the same way. Read the entire story.