62 min listen
191: The Million-Dollar Question: Is College Still Worth It in 2024? w/Dr. Anthony P. Carnevale
FromOn The Market
191: The Million-Dollar Question: Is College Still Worth It in 2024? w/Dr. Anthony P. Carnevale
FromOn The Market
ratings:
Length:
35 minutes
Released:
Feb 19, 2024
Format:
Podcast episode
Description
Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree.
With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence.
In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy.
In This Episode We Cover
The true worth of a college degree and how much more you can expect to make with one
Why “some college” beats no college in terms of lifetime earnings
The most profitable majors that make $120,000 right out of college
How college became a prestige competition rather than an educational investment
Student loans and why more colleges are being forced to explain the true cost of a degree
Why Dr. Carnevale foresees “good times” ahead for many American workers
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence.
In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy.
In This Episode We Cover
The true worth of a college degree and how much more you can expect to make with one
Why “some college” beats no college in terms of lifetime earnings
The most profitable majors that make $120,000 right out of college
How college became a prestige competition rather than an educational investment
Student loans and why more colleges are being forced to explain the true cost of a degree
Why Dr. Carnevale foresees “good times” ahead for many American workers
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 19, 2024
Format:
Podcast episode
Titles in the series (100)
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