Federal student loan debt is nearing $1.7 trillion, as more than 70% of graduates are not working in their degree field. Yet 72% of students across the U.S. believe their college tuition is a good investment, according to a new WalletHub survey.
The report found that only 28% of students say their tuition is not a good investment, highlighting a divide in how students perceive the value of higher education. Meanwhile, 52% said their school is not doing enough to make them financially literate.
“I think the one misstep that came out of the [Greatest] Generation post-Depression was this notion that you have to go to college to get a job,” Chip Lupo, Wallet Hub Analyst, told The Center Square in an exclusive interview.
Lupo said more emphasis should be placed on alternatives such as trade schools and military training, rather than spending tens of thousands of dollars on a four-year degree and “nothing to show for it.”
