Poll: 63 Percent Say 4-Year Degree Not Worth Cost
A new NBC News survey reveals a sharp deterioration in the public’s confidence in the value of a bachelor’s degree, with a solid majority now saying the investment simply doesn’t add up. The latest findings show that more than 6 in 10 registered voters believe a four-year college education is no longer worth what students are expected to pay.
Only 33% of respondents still view a degree as a sound investment — a staggering 20-point collapse since June 2013. In that same time span, the proportion who say a college degree has lost its value has soared to 63%, a rise of 23 points over twelve years.
The downward trend spans nearly every demographic category, according to the poll, signaling a broad rethinking of the role — and price — of higher education. What was once a bipartisan belief has fractured dramatically.
Republican voters, once more favorable toward college, have seen the most dramatic reversal. Ten years ago, 55% of Republicans said a four-year degree was worthwhile, compared to 38% who said it wasn’t. Today, that sentiment has flipped entirely: only 22% see the degree as worthwhile, while 74% now say it is not.
Across the full sample, most respondents agreed with the statement that college is “not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off,” as the survey phrased it.
One of the clearest drivers of this shift is the relentless rise in tuition. When adjusted for inflation, College Board data shows that in-state tuition at public universities has doubled since 1995, and private college tuition has climbed 75% in that same period, NBC News reported.
Economist Preston Cooper of the American Enterprise Institute attributed the skepticism to outcomes that simply don’t justify the cost for many students. “Some people drop out, or sometimes people end up with a degree that is not worth a whole lot in the labor market, and sometimes people pay way too much for a degree relative to the value of what that credential is,” he told NBC News. He added, “These cases have created enough exceptions to the rule that a bachelor’s degree always pays off, so that people are now more skeptical.”
NBC News polled 1,000 registered voters between Oct. 24 and 28. The margin of error is +/– 3.1 percentage points.
{Matzav.com}
