Why is the value of a college education declining in America?
Much has been written in the last several years regarding the declining value of a college education. According to Gallup, the percentage of Americans who expressed confidence in higher education fell from 57% to 36%. A recent article in the New York Times, “Why Americans have lost faith in the value of college“ states that “nearly half of parents say they would prefer not to send their children to a four-year college after high school…. 2/3 of high school students think they will be just fine without a college degree.”
This perspective is significantly different from the previous 50 years. As stated in the NYT article “Between 1965 and 2011, university enrollment increased nearly fourfold to 21 million.”
So the obvious question is: Why is the value of a college education declining in America?
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