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Is College Worth it?

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  • Description

    FBN’s Gerri Willis on whether college is worth the time and cost for many Americans.

  • Duration 2:41
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Hitting education hard on the campaign trail today at the University of Michigan.

And issue he touched on during his State of the Union Address on Tuesday.

Higher education can't be -- luxury.

It is an economic imperative.

That every family in America should be able to -- Well the president vowed in his first year of office the country would have the highest number of graduates in the world.

By 2218.

According to Harvard University nearly 70% of high school students go to college within two years -- graduating high school.

And a small number at but at small but growing number that is of high schools require students to take college entrance exams.

Everybody seems to be on the college bandwagon but should everybody go to college and his college there right of every American.

The numbers say there's every reason to think we are over selling college in our society consider this.

Federal data shows fewer than 60% of new students graduate from four year colleges in six years and just one in three students earn a degree.

More than 350000.

Students who borrowed for college in 1995 had no degree six years later.

Now that's according to the national center for public policy in higher education.

It's time for us to start considering that many students are wasting time and money.

Others who do graduate many -- burdened with debt that will take -- years to pay off some 24000 dollars on average a burden that too often means for the delay of marriage of having children of home buying.

Yes college degree workers are more likely to be employed in this economy.

But it's no guarantee of a job and college grads don't always make more money than people without four year degrees.

In fact a college degree is no guarantee of wealth.

About 25% of those with bachelor degrees make less money than those with two year degrees.

Look my view is this we -- just way too sentimental about old IV in the value bed of the education students are getting these days.

The college dropout rate exceeds the graduation rate.

What's more the jobs of the new economy advance manufacturing jobs many of them don't require college education but -- -- will require some training.

Look I don't begrudge people getting degrees but I also don't think everybody has to do it.

Cost of spiraled so dramatically up 57%.

In twelve years the average tuition fees expenditure for a private nonprofit school is 28000.

Dollars.

Meanwhile more and more students are defaulting on their debt according to the Education Department student loan default rates have risen to nearly 9%.

More debt.

Fewer degrees job insecurity students should be to encourage you do what they do best not forced to pursue a degree they may not want or need.

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