College Is Still a Great Investment
Catherine Rampell: Let's not over-react to all this 'college bubble' worry
By John Johnson, Newser Staff
Posted Apr 25, 2014 9:48 AM CDT
   (Shutterstock)

(Newser) – It's common these days to hear people complaining about a "college bubble," the idea that way too many kids are wasting money on a diploma that ends up being worthless. Don't buy into that simplified notion, writes Catherine Rampell at the Washington Post. "College is still worth it," she argues, and a look at jobless stats helps explain why. The unemployment rate for people in their 20s who have only a high school diploma is 14%, compared with 5.8% for those with a bachelor's degree. Plus, those with college diplomas tend to make a lot more money.

Yes, we need to do a better job of helping kids make better use of their college years—that includes steering them toward better majors—but first we need to calm down with all this talk about how higher education is a lousy investment. In fact, writes Rampell, citing research from the Hamilton Project, college is "one of the best possible investments you can make, outperforming stocks, gold, long-term Treasurys, AAA corporate bonds, and housing." Click for her full column.

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Showing 3 of 53 comments
$103359148
Apr 25, 2014 2:56 PM CDT
College is the greatest Hoax in history and the worst investment ever.
orlandojon
Apr 25, 2014 2:48 PM CDT
College can be an investment or a complete waste of money depending on what career field you study. I have a niece who has a masters in vocal performance from the best music school in the country...she works at a woman's dress shop
gomer99
Apr 25, 2014 1:17 PM CDT
Unless you are incredibly rich, spending your own money on college -- or saddling yourself with loans -- already identifies you as a looooooser. There is private money EVERYWHERE. It is hard to find.....ON PURPOSE.....so that only those worth a shitt will find it. Can you say "merit" ?