Podcasts & RSS Feeds
Most Active Stories
Where We Live
Thu September 20, 2012
The Cost of Higher Education
President Obama has made it part of his regular education speech that the best path to the middle-class is through a college education.
And the numbers bear it out. Getting a college degree brings higher earnings over a lifetime. Today, those with a bachelor’s degree earned 84% more money over a lifetime than those with a high school diploma.
And it doesn’t take a bachelor’s degree to obtain greater earnings. Even 1 year of college gives you a bigger payoff. The more schooling you have, the bigger the gain. So, what’s the problem? Seems like long-term, college is a great investment.
But, there’s a growing feeling that college is too expensive and brings enormous debt that stays with you, sometimes for decades. Then, there’s the fact that even with the advantage of a college degree, a lousy job market means there’s no work out there once you leave school.
It all has some economists worried that a new bubble is about to burst, the education bubble.
This episode originally aired on September 20, 2012.