Is college really worth it? Here’s why it’s so hard to figure out the return on investment
February 15, 2022
Between sky-high costs and hefty student loan debt, more students and their families are questioning the value of a college degree.
While about 81% of college-bound juniors and seniors still see college as a worthwhile investment, only 42% of families feel confident about covering the cost, according to a report by Sallie Mae.
As a result, a growing number are opting out entirely. The number of undergraduates enrolled in college is now down 5.1% compared to two years ago, according to a separate report by the National Student Clearinghouse Research Center — a loss of nearly 1 million students.