The shine is coming off of the 4-year undergraduate program, and it's not difficult to see why.
A new poll from NBC among registered voters shows that more than 6 in 10 think that a 4-year college degree is not worth the cost.
Here's NewsMax with the breakdown of those numbers:
Just 33% say a four-year degree is worth it — a drop of 20 points since June 2013, according to the survey released Friday.
Meanwhile, the share who say a college degree is no longer a good value has surged to 63%, a 23-point jump over the past 12 years.
The 20-point slide over the past 12 years — from 53% in 2013 to just 33% today saying a degree is worth the cost — shows up across nearly every demographic group.
And, once again, who the heck can blame them?
Here's a fun fact from Higher Ed Drive on college and unemployment that will rock you:
Young college graduates are now spending more time unemployed than job hunters with only a high school diploma ...
The most recent unemployment data from the U.S. Bureau of Labor Statistics ... shows 9.7% of bachelor's degree holders ages 20 to 24 were unemployed in September — up from 6.8% a year prior.
1-in-10 young people going to college, rack up 10s of thousands in debt, and then graduate only to be unemployed!
Yeah, I'd call that a pretty rotten value.
Here's some more from NewsMax on NBC's polling:
Adjusted for inflation, College Board data shows the average in-state tuition at public four-year colleges has doubled since 1995, while tuition at private four-year institutions has climbed 75% over the same period, NBC News reported.
'Some people drop out, or sometimes people end up with a degree that is not worth a whole lot in the labor market, and sometimes people pay way too much for a degree relative to the value of what that credential is,' Preston Cooper, a senior fellow at the conservative American Enterprise Institute, told NBC News.
He added, 'These cases have created enough exceptions to the rule that a bachelor's degree always pays off, so that people are now more skeptical.'
Add to this approximately 36 million immigrants (lowball number) into the United States in that span of time, and you not-so-suddenly have a job market that's not favorable for anyone.
What does real education look like anymore?
P.S. Now check out our latest video 👇
