Pharos-Tribune

Z_CNHI News Service

September 3, 2013

What is a college degree worth in today's job market?

With jobs harder to find, the debate is heating up

The cost of a four-year college education continues to rise. Over the last four years it seems the number of jobs – particularly fulltime – has been going down. This has led many, including former Education Secretary William Bennett, to question whether college is worth the cost.

In his book, "Is College Worth It?" Bennett raises a question that a lot of recent graduates may be asking themselves. After getting a bachelors degree and running up thousands of dollars in student loans, they may end up working as retail clerks, right alongside their peers who didn't go to college.

Bennett concluded that a degree from some colleges might be worth the cost while degrees from others most definitely are not. And he isn't the only one to weigh in on the topic.

Debate

When U.S. News threw out the question "is college worth it?" on its Debate Club website, it drew diverse responses and a two-to-one margin of replies endorsing a college degree. Craig Brandon, author of "The Five-Year Party: How Colleges Have Given Up On Educating Your Child and What You Can Do About It," was among those voting no.

“Four to six years of partying do not equal an education,” he wrote.

But Chris Farrell, Economics Editor of Marketplace Money, was among those voting yes.

“The return on investment in postsecondary education remains compelling,” he wrote.

Salary study

At this point, many career counselors tend to agree with Farrell. A study by job-matching service TheLadders found that people with a four-year degree earn, on average, $215,000 more than people without college, over a 20-year period.

The study, based on data from its more than six million users, found a graduate degree is even more valuable. Someone with a masters degree or higher earned an average of $440,000 more than non-graduates over the same two-decade span.

Text Only | Photo Reprints
Z_CNHI News Service
  • sleepchart.jpg America’s sleep-deprived cities

    Americans might run on sleep, but those living in the country's largest cities don't appear to run on much.

    August 20, 2014 1 Photo

  • Who should pay for your kids ACT?

    Thirteen states paid for 11th-grade students in all public high schools to take the ACT college admission test this year, with several more planning to join them in 2015.

    August 20, 2014

  • Pets.jpg Why do people look like their pets?

    As much as we might quibble over the virtues and vices of Canis domesticus, however, and over whether human nature is any better or worse than dog nature, even dog fanciers don't usually want to look like a dog.

    August 20, 2014 1 Photo

  • Lindley, Tom.jpg Another stumble begs questions about Notre Dame

    Notre Dame's vaunted reputation for formidable athletics and serious academics is again sullied by a cheating scandal. Maybe the high standards of the Fighting Irish are just too good to be true.

    August 19, 2014 1 Photo

  • Ice bucket challenge trending up

    Internet trends are a dime a dozen these days. Everything from Tebowing to planking to the cinnamon challenge can cause a wave of social media activity that can last for weeks before fizzling out.

    August 19, 2014

  • Five myths about presidential vacations

    In the nuclear age, presidents may have only minutes to make a decision that could affect the entire world. They don't so much leave the White House as they take a miniature version of it with them wherever they go.

    August 15, 2014

  • taylor.armerding.jpg Debate filled with 'hate' gives Hamas a pass

    Political invective is dialed to the max, and everyone who disagrees is a "hater." But the hate police, who are so eager to cast labels, are ignoring the real wells of contempt in the Middle East.

    August 15, 2014 1 Photo

  • Lindley, Tom.jpg OU player's suspension shows pitfalls of addressing sexual assault on campus

    The University of Oklahoma's leading tackler is suspended for the season - or maybe not. Frank Shannon is still practicing with the Sooners amid a court battle over whether OU can discipline him after a sexual assault investigation. The tough issue of addressing assault on campus isn't just OU's problem.

    August 15, 2014 1 Photo

  • Can 6 seconds launch a career? A generation of Vine stars sure hopes so.

    A year ago, Shawn Mendes filmed himself singing a tentative acoustic cover of the Justin Bieber song "As Long as You Love Me" and put the results on Vine. He wasn't expecting much response. "I didn't really want anything to happen; I just kind of wanted to see what people would think," says Mendes, 16. "I posted that first Vine and woke up the next morning with 10,000 followers. That was pretty cool."

    August 14, 2014

  • Freshman.jpg 8 crucial tips for college freshmen

    With school starting back up around the country, no one has a bigger deer-in-the-headlights look than college freshmen.

    August 14, 2014 1 Photo

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Does Indiana need a statewide water management plan and an administrator to implement it?

Yes
No
Unsure
     View Results
Featured Ads
AP Video
Changes Coming to No-Fly List Raw: IDF Footage Said to Show Airstrikes Police: Ferguson More Peaceful Raw: Aftermath of Airstrike in Gaza Raw: Thousands March on Pakistani Parliament Raw: World's Oldest Man Lives in Japan Fire Crews Tame Yosemite Fire Raw: Police Weapon Drawn Near Protesters, Media Raw: Deadly Landslides in Japan Raw: Explosions in Gaza As Airstrikes Resume Arrests Witnessed in Ferguson Charter Schools Alter Post-Katrina Landscape Texas Gov. Perry: Indictment 'a Political Act' US Officials: Video Shows American's Beheading Video Shows Ferguson Cop Months Before Shooting Water Bottles Recalled for Safety Researcher Testing On-Field Concussion Scanners
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.