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College Degree Returns by Average 2011 Annual Out-of-Pocket Costs, from B. Caplan's The Case Against Education First-year U.S. college degree returns for select majors, by type of student Study comparing college revenue per student by tuition and state funding in 2008 dollars [121] The view that higher education is a bubble is debated.
The most popular were increasing workforce diversity (70 percent) and attracting more applicants (69 percent). Many employers (68 percent) also think that college isn’t the only way to gain skills.
In 2022, those with a bachelor’s degree earned a weekly salary that was 68 percent higher than those with a high school diploma and had an unemployment rate that was 45 percent lower.
For-profit institutions had the highest average three-year default rates at 22.7 percent, and public institutions rates were 11 percent and private non-profit institutions at 7.5 percent. More than 3.6 million borrowers from over 5,900 schools entered repayment during 2008–2009, and approximately 489,000 of them defaulted.
In 1980, the annual cost of attending a four-year college was $10,231. By 2019, it rose to $28,775 — a 180% increase . Even just from February 2020 to February 2023, college tuition costs have ...
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
In 2007, more than 50 percent of college graduates had a job offer lined up. For the class of 2009, fewer than 20 percent of them did. According to a 2010 study, every 1 percent uptick in the unemployment rate the year you graduate college means a 6 to 8 percent drop in your starting salary—a disadvantage that can linger for decades.
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...