College Degree update from WSJ (Patreon)

According to WSJ, 42% of individuals who obtained college degrees reported that it was not worth it. 

I personally feel the cost of University Education in the US has priced itself out of the value zone. 

Over the last 30 years, College Tuition and Fees have more than quadrupled while overall Consumer Prices (US CPI) have a little more than doubled. 

I am a HUGE believe in Education, however, it better be a degree that can lead to a very high income and a guaranteed job. 

The opportunity cost of spending $50,000 a year on tuition plus $20,000 room and board for a 4-year degree would be the potential value of the best alternative use of that money eg investing and of course foregone income. 

If the individual could have invested that $280,000 in a diversified portfolio of stocks and bonds with an average annual return of 7%, the opportunity cost would be approximately $97,600 per year or $390,400 over the 4-year period.

Education is worth it but there are cheaper ways to get it these days it appears.