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College Degrees Are Having a Reputation Crisis: Americans Now See Them as a Bad Investment

MarketDash Editorial Team
6 days ago
A dramatic shift in public opinion shows most Americans now believe a four-year college degree isn't worth the cost, with student debt and job market concerns driving widespread skepticism about higher education's value.

The American dream used to include a college degree. Now? Not so much. A new national survey reveals that most Americans have soured on the value of a four-year degree, marking a cultural shift that pollsters are calling remarkable.

The Numbers Tell a Stark Story

An NBC News poll from late October found that 63% of registered voters believe a bachelor's degree "is not worth the cost because people often graduate without specific job skills and with a large amount of debt." Only 33% still think it's worth it for better jobs and higher lifetime earnings.

Here's what makes this striking: back in 2017, opinions were split almost evenly. In 2013, 63% of college graduates said their degree was worth the cost. Today, that figure has dropped to just 46%. Democratic pollster Jeff Horwitt told NBC, "It's just remarkable to see attitudes on any issue shift this dramatically. Americans used to view a college degree as aspirational... And now that promise is really in doubt."

Student Debt Is the Deal Breaker

The debt factor looms large across multiple studies. Pew Research Center found in 2024 that only 22% of adults say a four-year degree is worth the cost if it requires loans. Nearly half say it's only worth it if students can avoid debt entirely, while 29% say it's not worth it under any circumstances. Just 25% believe a degree is very important for landing a well-paying job, while about four in ten say it's not too important or not important at all.

Even confidence levels remain shaky. A Gallup and Lumina Foundation report from July shows 42% of Americans express "a great deal" or "quite a lot" of confidence in higher education, up from 36% in 2023 and 2024. But here's the catch: 68% still say higher education is headed in the wrong direction.

Students Are Voting With Their Feet

The skepticism is reshaping enrollment patterns. National Student Clearinghouse data from mid-November shows undergraduate enrollment is on track to grow 2.4% this fall, but the growth isn't uniform. Community colleges are up 4%, and certificate programs are rising faster than traditional bachelor's degrees.

These trends connect to broader economic anxieties: the white-collar job slowdown has left college graduates making up more than a quarter of the unemployed, many still carrying substantial student-loan balances. When the math stops adding up, people look for alternatives.

Back to News

College Degrees Are Having a Reputation Crisis: Americans Now See Them as a Bad Investment

MarketDash Editorial Team
6 days ago
A dramatic shift in public opinion shows most Americans now believe a four-year college degree isn't worth the cost, with student debt and job market concerns driving widespread skepticism about higher education's value.

The American dream used to include a college degree. Now? Not so much. A new national survey reveals that most Americans have soured on the value of a four-year degree, marking a cultural shift that pollsters are calling remarkable.

The Numbers Tell a Stark Story

An NBC News poll from late October found that 63% of registered voters believe a bachelor's degree "is not worth the cost because people often graduate without specific job skills and with a large amount of debt." Only 33% still think it's worth it for better jobs and higher lifetime earnings.

Here's what makes this striking: back in 2017, opinions were split almost evenly. In 2013, 63% of college graduates said their degree was worth the cost. Today, that figure has dropped to just 46%. Democratic pollster Jeff Horwitt told NBC, "It's just remarkable to see attitudes on any issue shift this dramatically. Americans used to view a college degree as aspirational... And now that promise is really in doubt."

Student Debt Is the Deal Breaker

The debt factor looms large across multiple studies. Pew Research Center found in 2024 that only 22% of adults say a four-year degree is worth the cost if it requires loans. Nearly half say it's only worth it if students can avoid debt entirely, while 29% say it's not worth it under any circumstances. Just 25% believe a degree is very important for landing a well-paying job, while about four in ten say it's not too important or not important at all.

Even confidence levels remain shaky. A Gallup and Lumina Foundation report from July shows 42% of Americans express "a great deal" or "quite a lot" of confidence in higher education, up from 36% in 2023 and 2024. But here's the catch: 68% still say higher education is headed in the wrong direction.

Students Are Voting With Their Feet

The skepticism is reshaping enrollment patterns. National Student Clearinghouse data from mid-November shows undergraduate enrollment is on track to grow 2.4% this fall, but the growth isn't uniform. Community colleges are up 4%, and certificate programs are rising faster than traditional bachelor's degrees.

These trends connect to broader economic anxieties: the white-collar job slowdown has left college graduates making up more than a quarter of the unemployed, many still carrying substantial student-loan balances. When the math stops adding up, people look for alternatives.

    College Degrees Are Having a Reputation Crisis: Americans Now See Them as a Bad Investment - MarketDash News