New Data On Whether College Is Worth The Debt

 - Christopher Furlong/Getty Images

Christopher Furlong/Getty Images

New Data On Whether College Is Worth The Debt

New data suggest a college degree has never been more valuable. But many recent grads burdened with debt are struggling to find a good job. Diane and her guests discuss the value of a college degree, new proposals for college ratings by the federal government and whether some levels of higher education are worth the debt.

Millions of new college graduates will be looking for work this summer. And the latest data indicate their degrees are worth the increasingly high cost of tuition, room and board. It finds that Americans with four-year college degrees last year earned 98 percent more an hour on average than those without a degree. Another recent report even suggests that not going to college will cost a young person about $500,000 over a lifetime. But many graduates are carrying significant debt loads which are becoming a drag on the U. S. economy. And some are taking jobs for which they feel overqualified. Diane and her guests discuss the new data on whether college is worth the debt.

Guests

David Leonhardt

managing editor of a new New York Times website covering politics and policy; author of the e-book: “Here’s the Deal: How Washington Can Solve the Deficit and Spur Growth."

Vince Sampson

special counsel, Cooley, LLP. He's former president of the Education Finance Council and former principal deputy assistant secretary in the U.S Department of Education in the Office of Post-secondary Education.

Nina Marks

founder, Collegiate Directions Inc.; principal, Marks Education.

Dan Porterfield

president, Franklin & Marshall College

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