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In a dramatic shift, Americans no longer see four-year college degrees as worth the cost (www.nbcnews.com)

submitted 8 hours ago* (last edited 8 hours ago) by MicroWave@lemmy.world to c/news@lemmy.world

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The latest NBC News poll shows two-thirds of registered voters down on the value proposition of a degree. A majority said degrees were worth the cost a dozen years ago.

Americans have grown sour on one of the longtime key ingredients of the American dream.

Almost two-thirds of registered voters say that a four-year college degree isn’t worth the cost, according to a new NBC News poll, a dramatic decline over the last decade.

Just 33% agree a four-year college degree is “worth the cost because people have a better chance to get a good job and earn more money over their lifetime,” while 63% agree more with the concept that it’s “not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off.”

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[–] nulluser@lemmy.world 41 points 4 hours ago (2 children)

I recall a podcast I listened to years ago talking about some schools trying out a new model that worked something like...

Instead of taking out a loan, you just enter into a contract with the school that x% of your paycheck for the first z years after graduation go to the school. Kinda like child support.

Get an unemployable degree and now your making burgers for minimum wage? Then you don't owe anything.

Get an amazing job that pays a ton? That degree is going to cost you.

Now it's in the school's best interest to A) offer degrees that are actually worth something instead of misleading students down a dead end path, and B) help students find and keep good positions after graduation.

It sounded awesome. But what I found infuriating were the people they interviewed that benefitted from the program, now had fantastic high salary jobs, and were whining about how much they were having to pay for the education and program that got them into that high paying job in the first place.

[–] khannie@lemmy.world 7 points 43 minutes ago* (last edited 42 minutes ago)

The issue with this is that knowledge should be it's own reward. Where I live college costs a pittance. If you want to study fine art, that course should be available and is.

What you're suggesting sounds great in a very practical respect but would only further benefit capitalism at the cost of wider knowledge. Many of the things that are worth learning in life to so many would immediately disappear from college curriculums.

The goal should be to make third level education cheap enough that anyone can do it without crippling themselves financially.

[–] Spacehooks@reddthat.com 18 points 2 hours ago

I proposed this to a boomer 15 years ago and man was he so angry at the thought of wages being garnished to pay loans for 10 years.

Like how does that change the situation if I have to pay regardless? If anything it might be great for me to reduce my taxable income.