A college degree can lead to higher earnings—but 29% of Americans say it's not worth the cost

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Financial outcomes are still far better for college graduates than those who don't go or don't finish. But it's getting better for those without degrees.

Most Americans agree it's still worth it, but the bulk of those believers say so only if you don't have to take out loans, according to a. Just 22% of U.S. adults say the cost of college is worth it if you have to take out student loans, Pew finds.All considered, 29% of U.S. adults say college isn't worth the cost, according to Pew.

Households headed by a college graduate ages 25 to 34 had a median net worth of $120,200 in 2022, compared with $30,700 among high school graduates and $52,900 for those with some college, according to Pew.in the last decade, due in part to the explosion in home values in the last few years and the stock market's recent strong performance. But college graduates stood to benefit the most from both of these broader economic conditions.

In the last 10 years, however, the situation has started to improve. "The bleeding has stopped," Fry says.

 

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