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Higher Ed in the News

Tough job market has some questioning the value of the college degree

January 24, 2010

Being "upside-down" means owing more on your house or car than it's worth. Patricia Summers is currently upside-down on her college degree.

She owes $18,000 on loans taken to get her degree in advertising from the University of Missouri. Her current job, serving burgers at a Sonic drive-in, has Summers frustrated and admitting that if a better job doesn't come along soon, she will be questioning the value of her degree.

College is not for everyone, but statistics and research still show a college degree usually translates to a higher income.

"People with high levels of education make more money on average," according to Kevin Carey, policy director at the Education Sector, a Washington-based education think tank.

But he warned that whether a diploma means more income or a better life depends on the individual. "A college education is no guarantee."

Even in this economy, the number of unemployed college graduates is half that of the unemployed who did not go to college.

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Read the full story from the Denver Post.