A Pew Research Center report titled "Is College Worth It?" released Sunday shows a majority of Americans think colleges fail to deliver enough bang for their buck.
Of 2,142 adults surveyed, 57% said the higher education system in the U.S. fails to provide students with good value for the money they and their families spend. An even larger group (75%) said college is too expensive for most Americans to afford.
While the price tag may be high — this year's college grads are the most indebted in history — still, an overwhelming majority (86%) report college was a good investment for them personally.
Part of that reasoning seems to stem from perceived earnings. Adults who graduated from a four-year college believe as a result they are earning $20,000 more a year, on average. Similarly, the survey found adults who did not attend college believe they are earning $20,000 less per year. Those estimates are very close to the 2010 U.S. Census findings that show the median gap in earnings between high school and college grads is $19,550.
Read more: http://newsfeed.time.com/2011/05/16/is-college-too-pricey-to-pay-off-57-of-americans-say-yes/#ixzz1Mclb2igs
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