The latest NBC News poll shows two-thirds of registered voters down on the value proposition of a degree. A majority said degrees were worth the cost a dozen years ago.

Americans have grown sour on one of the longtime key ingredients of the American dream.

Almost two-thirds of registered voters say that a four-year college degree isn’t worth the cost, according to a new NBC News poll, a dramatic decline over the last decade.

Just 33% agree a four-year college degree is “worth the cost because people have a better chance to get a good job and earn more money over their lifetime,” while 63% agree more with the concept that it’s “not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off.”

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[–] 196 points 9 months ago (27 children)

Well they made college and grad school cost upwards of 200k+ so no shit

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  • [–] 43 points 9 months ago* (last edited 9 months ago) (21 children)

    My friends and I talked way back in school about how further engineering education was negatively correlated (not exactly: see comment) with pay after a bachelors and was statistically a terrible deal.

    EDIT: That's not to say it's worthless! But it ain't worth what they're charging. There isn't actually a negative correlation in the strict sense but rather there isn't clearly a premium for the degree in all markets. You can be taking a straight up financial loss. The original statement was inaccurate, but that's historically what we told each other.

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  • [–] 20 points 9 months ago (3 children)

    It kind of depends on what you want to do. I worked almost 10 years at a consulting firm that specialized in failure analysis and they loved hiring PhD metalutgists and Masters grads in specific engineering disciplines.

    This was partially because that specialization helps in niche cases and partially because it helps market smaller companies as competent if you can say "I have 4 phds on staff for X, Y, and Z, one is a professor at (technical university name here)"

    The team leads or project leads were always older engineers who only had their bachelor's degrees (and experience) but would shit talk professors and advanced degrees when the "academics" weren't around though. It was a REALLY toxic situation and ultimately led to me leaving. (I'm a BS Mech btw)

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  • [–] 12 points 9 months ago (2 children)

    Your a bullshit mechanic? Damn that's a useful skill in this day and age.

    Lot of low effort bullshit going on. We could use something right and proper

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  • [–] 9 points 9 months ago (13 children)

    I’m sure it depends on where you go, but going to MIT or Stanford is likely too expensive to justify, even if you are good enough to get and graduate.

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  • [–] 11 points 9 months ago (2 children)

    These high status schools provide lifetime connections and in-groups that are irreplaceable and not found elsewhere.

    You are essentially guaranteed to be connected to people in power and wealth by going to these schools.

    Sure not everyone is able to capitalize on that but being a Harvard alumus is a legitimate and recognized status among ivy grads and especially among other Harvard alumni. Im sure MIT and Stanford are comparable but this is the real reason people want to go these schools.

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    [–] 85 points 9 months ago (6 children)

    I recall a podcast I listened to years ago talking about some schools trying out a new model that worked something like...

    Instead of taking out a loan, you just enter into a contract with the school that x% of your paycheck for the first z years after graduation go to the school. Kinda like child support.

    Get an unemployable degree and now your making burgers for minimum wage? Then you don't owe anything.

    Get an amazing job that pays a ton? That degree is going to cost you.

    Now it's in the school's best interest to A) offer degrees that are actually worth something instead of misleading students down a dead end path, and B) help students find and keep good positions after graduation.

    It sounded awesome. But what I found infuriating were the people they interviewed that benefitted from the program, now had fantastic high salary jobs, and were whining about how much they were having to pay for the education and program that got them into that high paying job in the first place.

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  • [–] 38 points 9 months ago

    I proposed this to a boomer 15 years ago and man was he so angry at the thought of wages being garnished to pay loans for 10 years.

    Like how does that change the situation if I have to pay regardless? If anything it might be great for me to reduce my taxable income.

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  • [–] 28 points 9 months ago* (1 child)

    The issue with this is that knowledge should be it's own reward. Where I live college costs a pittance. If you want to study fine art, that course should be available and is.

    What you're suggesting sounds great in a very practical respect but would only further benefit capitalism at the cost of wider knowledge. Many of the things that are worth learning in life to so many would immediately disappear from college curriculums.

    The goal should be to make third level education cheap enough that anyone can do it without crippling themselves financially.

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  • [–] 8 points 9 months ago*

    this is kinda the way australia works for citizens: the government sets the cost of courses (usually about $10000-$20000AUD per semester) and then pays for them entirely, and you get a HELP debt with the government which is kinda like an interest free (though indexed so it doesn’t get cheaper with time) loan which is automatically taken out of your paycheque pre-tax and only after you start earning a certain amount… if you never earn that bottom limit, the debt disappears if you die

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    [–] 61 points 9 months ago (10 children)

    To be clear, this is an issue with the cost, not with the degrees

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  • [–] 17 points 9 months ago (4 children)

    It's an issue with cost, but that also extends to the perception of the degree itself. Even a few decades ago I always found American culture to be generally more disdainful towards degrees and degree holders than most of Europe or Asia.

    One of the worst things you can be in America is "elitist"; it's a loaded word that describes a fundamentally Un-American attitude. And you can see why - there's plenty of idiots with rich parents and a degree, and a lot of intelligent people with poor parents and no degree. So elitism and intellectual snobbery also imply classism and racism.

    In countries with free/cheap tertiary education, it's less controversial to say that people who are qualified to do a thing are likely to be better at that thing, and that getting qualifications is inherently a good thing.

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    [–] 56 points 9 months ago

    It's an NBC news poll so I'm not sure it's easy to find much more info on the poll or its history.

    Here's a chart showing previous responses:

    Chart of NBC previous responses

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  • [–] 55 points 9 months ago (3 children)

    Duh, civilized countries make education free because it;s a net win for the country. If your politics makes that a bad, dunno, sorry for your loss...

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  • [–] 16 points 9 months ago

    I was going to make a similar point. More people with college degrees is a big win for any society. And lots of degree programs are incredibly valuable even if they aren’t training for a specific job. The problem is we’ve set it up as a direct profit choice for the individual.

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    [–] 36 points 9 months ago (7 children)

    25% of unemployed Americans have a 4 year degree

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  • [–] 14 points 9 months ago (3 children)

    It would be more interesting to see the comparison between unemployment rates among 4-year-degree-holders and unemployment rates among non-4-year-degree holders

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  • [–] 29 points 9 months ago (2 children)

    My job has me on college campuses several times a month, and I often speak individually with over a thousand college students a month.

    There is real fear among these students. Many have done everything right, planned a career, took the classes in order since middle school to get there, took out thousands in student loans, all knowing that it will be worth it to get a good job that will pay well for an entire career...

    Only to find out halfway through college that corporations are replacing all their software developers with AI, and the career path they've been following since they were a kid, no longer exists.

    But they still owe their student loans, even if their Plan B career, which they hadn't considered until they couldn't find a post-graduation job in their field, pays barely more than minimum wage.

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    [–] 23 points 9 months ago

    Much to the joy of GOP politicians everywhere.

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  • [–] 22 points 9 months ago (9 children)

    At 18, I went to community college. During my 2 years there, I absolutely fucked my credit by getting credit cards and not paying it back.

    So thinking my credit was bad, I decided I couldn't afford University. So I just decided to lie that I had a degree and just kept doing interviews and when it came down to the background checks, I didn't lie.

    About 20% of the companies I got an offer for talked to the hiring manager who cared about my fake degree. The rest just turned a blind eye or didn't care.

    At 46, I don't lie anymore. After 20 years in the industry, They just care about places I worked and responsibilities I had.

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    [–] 20 points 9 months ago

    The role models are all dumb corrupt sacks of shit that are on the long road of decline until sometime find out again that meritocracy is better at providing quality.

    Shame those lessons need learning time and again.

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  • [–] 19 points 9 months ago

    Conservatives: Then get a high demand and high paying job!

    the field becomes too competitive and saturated and couldn't find jobs

    Also conservatives: Then work in a factory!

    factory jobs gets taken over by AI

    Conservatives for the final and umpteenth time: Fuck you!

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  • [–] 19 points 9 months ago (3 children)

    I've been telling people this for years: Post-secondary educational institutions are no longer about education; they're a business. They do everything they can to maximize profits, and don't really care about the quality of education.

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  • [–] 9 points 9 months ago

    I realized that back in high school, which is why I never went to college. I kept telling people I didn't want to go into debt when I didn't even really know what I wanted to do with my life.

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    [–] 19 points 9 months ago*

    Very noticeable here in the US how much college has become unaffordable and out of reach

    Shows in everyday life here from the conversations to just any day to day interaction

    In the media all comes out like it is made for young school kids with the words getting smaller and simpler with less sentence structures

    Even if voting was not rigged here can tell with way people see our elected officials as football team members to rally behind

    Higher education becoming unattainable will lead a country to poorer health, more underpaid factory workers, less quality of life for everyone, less progress, more repeated failures from history, etcetera

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  • [–] 18 points 9 months ago*

    Student debt has been increasing faster than ceo pay. Its not a sustainable system but it also will lead to more companies importing workers with hb1 visas, which is probably honestly the corporate plan.

    Why pay for workers with rights to go to school when you can just import people who already have a degree you didnt pay for and who you can treat like shit?

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  • [+] 17 points 9 months ago* (last edited 2 months ago) (2 children)
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    [–] 15 points 9 months ago

    Well, the price of a four year degree skyrocketed, while the financial return for most degrees is essentially zero. Not that there isn't value beyond monetary compensation to be had in getting alot of degrees but they now come packaged with a lifetime of student loan debt if you're not wealthy or lucky enough to get scholarship money.

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  • [–] 14 points 9 months ago (3 children)

    I never did but I’m now middle aged and stuck in my career without one. I’m right now planning on finding a competency based program to try to speedrun, so I can stop working on implementing others peoples broken garbage.

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    [–] 13 points 9 months ago

    Dramatic? It was practically manufactured.

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  • [–] 13 points 9 months ago

    Community college admissions continue to rise because of this. Even students with excellent grades in high school bypass the 4-year institutions as long as possible. It's the same classes either way. Why pay 10 times more?

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  • [–] 13 points 9 months ago (6 children)

    As someone absolutely killing themself to barely tread water with a fairly well paying job after getting a graduate degree, the kids are unfortunately correct.

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    [–] 11 points 9 months ago (1 child)

    We need to stop saying "American Dream." It's really beating a dead horse at this point. It feels like such a fictional concept to me.

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    [–] 11 points 9 months ago* (last edited 9 months ago) (1 child)

    Of course it's being seen that way.

    If I were to go to my university this year, doing the same course I'd have:

    £9250 x 4 = £37000 for the 4 year course

    £9504 x 4 = £38016 for rental accommodation including bills (I picked a rental property that included bills for ease of calculation)

    £5000 x 4 = £20000 for food (based on £100/week)

    That's £95016

    And how much of my degree do I use day to day? Jack shit. Anyone starting my job technically does not need a degree. I work with a niche piece of software that is well known in it's field but outside of that is not. No degree would ever cover this

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    [–] 11 points 9 months ago

    Good maybe we will finally have some market correction and colleges realize they are not a staple for the American dream anymore.

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  • [+] 10 points 9 months ago* (last edited 6 months ago)
    [–] 10 points 9 months ago (1 child)

    IMO, being educated should be at least a minimum wage job, paid by the government. This would allow students to focus on learning their crafts, instead of being distracted by part-time jobs.

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    [–] 9 points 9 months ago (5 children)

    There are still plenty of jobs that are gated by a college credential. Tech was the biggest way aorund skipping it, and tech is imploding.

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