Is Getting A College Degree Still Worth It? [POLL]
With graduation season in full season, Bill Doyle and Steve Trevelise want to know if you think sending your kids to college is worth it.
In most cases, it's not, says William Bennett, President Reagan's former education secretary and co-author of a new book, "Is College Worth It?"
Nearly half of those who start a four-year college don't finish, he points out. Of those who did graduate in 2011, half are unemployed or radically underemployed. By his reckoning, only 150 of America's 3,500 colleges are worth it. Topping his list for return on investment are Harvey Mudd College, California Institute of Technology, Massachusetts Institute of Technology, Stanford, and Princeton.
Many families might not identify with Mr. Bennett's conservative philosophy. But there's mounting evidence that financial pressures are forcing them to change the way they pick a college. Instead of stretching to pay for a dream school, many are looking first for the best value.