A September Wall Street Journal/NBC News survey shows more Americans believe a four-year college degree is not worth the cost.
The poll revealed 47 percent of those surveyed do not believe a bachelor’s degree will lead to a good job and higher lifetime earnings, while 49 percent believed earning a four-year college degree will lead to a good job and a higher lifetime earnings. This means nearly half of Americans believe college is not a good financial investment.
Based on the results, two subgroups surveyed had the highest rate of not believing in the value of a bachelor ’s degree. Adults between the ages of 18-34 and a portion of the working class lost the most amount of confidence in the value of a college degree. About 57 percent of those ages 18-34 years-old and 65 percent of working class members who identify as caucasians said the education was not worth the price tag.
Roughly 66 percent of those living in rural areas, 60 percent of the overall poor and working class, 58 percent of those with some college education and 54 percent of those who voted for Donald Trump also do not believe in the value of a bachelor’s degree.
Other groups saying a four-year degree is not worth the cost include those with a high school degree or less (55 percent), men (53 percent), Republicans (53 percent) and white males (49 percent).
A NBC News article on the survey said those who believe a bachelor’s degree is not worth the cost often cited the reason being “because people often graduate without specific job skills and with a large amount of debt to pay off.”
These are the same reasons why some men and women opt for alternatives to colleges such as an apprenticeship with the building trades.
By applying to join one of the affiliated Northwest Ohio Building Trades, men and women are skipping out on an average college debt of over $37,000.
Instead, they choose to earn while they learn. NWOBT apprentices are paid to learn their trade, receiving livable wages and benefits. They work with a signatory contractor and also take classes to help hone their skills and help them stay safe on the jobsite.
Learn more about apprenticeship opportunities with our affiliated trades by clicking here.