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Con Arguments

 (Go to Pro Arguments)

Con 1: College is no guarantee of a job or a better life.

Many college graduates are employed in jobs that do not require college degrees. A staggering 52 percent of college graduates had jobs that did not require their degrees, and 75 percent remain in those jobs for a decade after graduation. [274]

“Having a bachelor’s used to be more rare and candidates with the degree could therefore be more choosy and were more expensive to hire. Today, that is no longer the case,” says Rita McGrath, associate professor at Columbia Business School. A high unemployment rate shifts the supply and demand to the employers’ favor and has made master’s degrees the “new bachelor’s degrees.” In short, too many students earning degrees has diluted the value of a bachelor’s degree.[68] [69]

Plus, college degrees do not guarantee learning or job preparation. A 2023 survey of 800 business professionals found “63 percent saying that recent graduates frequently can’t handle their workload, 61 percent saying they are frequently late to work, 59 percent saying they often miss deadlines and assignments, 58 percent saying that they get offended too easily, 57 percent saying they lack professionalism, 53 percent saying they struggle with eye contact during interviews and 52 percent saying they have poor communication skills.” [275]

“I don’t think there’s anything wrong with college itself—college is the right choice for a lot of people. The problem is the attitude that if you want to be successful, you have to go to college—that it’s the golden ticket. We’ve all heard this song and dance through our already confusing high school years. It’s college or bust—college or driving an Uber for the rest of your life. Frankly, that’s the stupidest thing I’ve ever heard. I didn’t go to college, and guess what—I don’t drive for Uber. I have a beautiful family, a wildly rewarding life, and a business that just made the Inc. 5000 list for fastest-growing companies in the United States. So, yeah, college is not the only path to success,” explained CEO of Windy City Equipment Service Josh Zolin. [276]

Con 2: Student loan debt strains college graduates, their families, and society.

In spring 2024 there were more than 17.8 million college students in the United States, and borrowers owed $1.75 trillion in total student debt. [271]

Tuition has risen quicker than income, making college unaffordable for many and forcing students to take out loans. The average annual income for men increased 18 percent from 1971 to 2023 and 132 percent for women. However, the average annual tuition rates for public colleges increased about 129 percent in the same time and about 156 percent for private colleges, making college unaffordable for most average people.

A study found that 14 percent of community college students were homeless and 51 percent had housing insecurity issues (inability to pay rent or utilities, for example), while 33 percent experienced food insecurity (lack of access to or ability to pay for “nutritionally adequate and safe foods”), though 58 percent of the students were employed and 42 percent received federal Pell Grants. [111] [112] [113]

Furthermore, student loan debt often forces college graduates to live with their parents and delay marriage, financial independence, and other adult milestones, especially for millennials. In 2013, when the generations was in their late 20s to early 40s, only about 20 percent were homeowners, and most millennials said their student debt has delayed home ownership by seven years on average. Student loan borrowers delayed saving for retirement (41 percent), car purchases (40 percent), home purchases (29 percent), and marriage (15 percent). Fewer than 50 percent of women and 30 percent of men had passed the “transition to adulthood” milestones by age 30 (finishing school, moving out of their parents’ homes, being financially independent, marrying, and having children). By contrast, in 1960, 77 percent of women and 65 percent of men had completed these milestones by age 30. [38] [39] [121]

Student debt also overwhelms many seniors. Whether they cosigned for a child or grandchild’s education, or took out loans for their own educations, there were 7.2 million student loan borrowers aged 50 and over who collectively owed $400.3 billion. About 8 percent were more than 90 days delinquent in payments. A significant percentage of older borrowers in default were having a portion of their Social Security payments garnished by the U.S. government. [277] [278]  

Student loan debt may not be forgiven in bankruptcy and may not have the same borrower protections as other consumer debt. Medical, legal, credit card, loan, and even gambling debt can immediately be discharged in bankruptcy, but getting student loan debt discharged is much more difficult and rare. Private student loans often do not have the same protections as federal loans like income-based repayments, discharges upon death, or military deferments. [61] [70] [71]

Plus, student debt could cause a larger, more general financial crisis for the country. According to the National Association of Consumer Bankruptcy Attorneys, student loans are “beginning to have the same effect” on the economy that the housing bubble and crash created. Former Secretary of Education William Bennett agrees that the student loan debt crisis “is a vicious cycle of bad lending policies eerily similar to the causes of the subprime mortgage crisis.” An advisory council to the Federal Reserve also warned that the growth in student debt “has parallels to the housing crisis.”[61] [62] [63] [64] [65]

Con 3: Many people would be better served learning a trade or pursuing work than attending college.

Trade professions are necessary for society to function, require less than four years of training, and often pay above average wages. The high number of young adults choosing college over learning a trade has created a “skills gap” in the U.S., and there is now a shortage of “middle-skill” trade workers like machinists, electricians, plumbers, and construction workers. One survey of U.S. manufacturers found that 67 percent reported a “moderate to severe shortage of talent.” According to the Bureau of Labor Statistics, “middle-skill” jobs made up 45 percent of projected job openings, but only 25 percent of the workforce had the skills to fill those jobs. [53] [54] [55]

As of June 2025, about 400,000 manufacturing jobs were unfilled thanks to a scarcity of skilled trade workers. “We spent three generations telling everybody that if they didn’t go to college, they are a loser,” said Ron Hetrick, an economist with Lightcast, a company that provides labor data to universities and industry. “Now we are paying for it. We still need people to use their hands.” [292]

David Gitlin, the chairman and chief executive of Carrier Global, a heating and cooling company, noted that AI (artificial intelligence) servers require about four cooling service technicians per chiller (the cooling system to ensure the servers do not overheat). He said “We have 425,000 technicians today” in the whole of the heating and cooling industry, but with the rise of AI, “we are going to need to hire another four to five hundred thousand over the next 10 years.” [292]

In fact, KIPP charter schools, which have long promoted “college starts in kindergarten,” have shifted focus to “broaden the celebration” of achievements after high school. KIPP joins the International Baccalaureate Organization and other groups that are rethinking college as an asset for everyone. [289]

Con 4: College is no longer a place for unbiased curiosity and learning.

Whether conservative or liberal, “when universities become overtly political, and tilt too far toward one end of the spectrum, they’re denying students and faculty the kind of open-ended inquiry and knowledge-seeking that has long been the basis of American higher education’s success. They’re putting its future at risk,” said New York Times columnist Pamela Paul. [279]

Americans are simultaneously convinced that higher education is placing “too much concern [on] protecting students from views they might find offensive” and that “professors are bringing their political and social views into the classroom.” About 59 percent of American adults believe college politics lean toward one side. [280]

Students are also bringing their strong political viewpoints to campus. Students with liberal views are avoiding colleges in conservative states that have limited abortion access, higher rates of racial inequality, lower levels of LGBTQ+ protections, and a lack of gun control laws. And students with conservative views are avoiding colleges in states with legal abortion, laws protecting people of color and the LGBTQ+ community, and gun restrictions. Almost 30 percent of students from all political backgrounds were concerned about political opinions being silenced and canceled on college campuses. “Perhaps reflecting the drift toward broad political polarization in the U.S. (and elsewhere), we found that students’ gender, race, household income, or region of residence did not arise as statistically significant predictors marking student comfort levels around attending a school in a state they perceive as having an undesirable political landscape,” explain the authors of an Art & Science Group survey. [281]

This climate makes students quick to judge and slow to understand because they’re not taking the opportunity to learn from people of varying political, cultural, social, or economic backgrounds. Living and learning in a political bubble only feeds confirmation bias and makes for more fervent, less tolerant political beliefs.[282]

Instead, students need to experience the real world, where not everyone agrees but where most don’t yell about their politics.

Top wealthiest Americans with and without college degrees

(rankings from 2025 Forbes ”World’s Billionaires List 2025: The Top 200”)

The cumulative wealth of the top ten wealthiest Americans with College Degrees is about $1.474 trillion.

The cumulative wealth of the top ten wealthiest Americans without College Degrees is about $760.5 billion.

The cumulative wealth of the top ten American billionaires with college degrees is 94 percent more than the cumulative earnings of those without college degrees.

With college degrees Without college degrees
Source: Chase Peterson-Withorn, “Forbes World’s Billionaires List 2025: The Top 200,” forbes.com, April 1, 2025
1. Elon Musk
B.A. in physics
B.A. in economics
University of Pennsylvania
Worth $342 billion via Tesla, SpaceX, and other companies
2025 Forbes rank #1
Mark Zuckerberg
Dropped out
Harvard University
Worth $216 billion via Meta
2025 Forbes rank #2
2. Jeff Bezos
B.A. in science
Princeton University
Worth $215 billion via Amazon
2025 Forbes rank #3
Larry Ellison
Dropped out
University of Chicago
University of Illinois Urbana-Champaign
Worth $192 billion via Oracle and other software
2025 Forbes rank #4
3. Warren Buffett
M.S. in economics
Columbia Business School
Worth $154 billion via Berkshire Hathaway
2025 Forbes rank #6
Bill Gates
Dropped out
Harvard University
Worth $108 billion via Microsoft
2025 Forbes rank #13
4. Larry Page
M.S. in computer science
Stanford University
Worth $144 billion via Google
2024 Forbes rank #7
Michael Dell
Dropped out
University of Texas at Austin
Worth $97.7 billion via Dell
2025 Forbes rank #17
5. Sergey Brin
M.S. in computer science
Stanford University
Worth $138 billion via Google
2025 Forbes rank #8
Thomas Peterffy
Dropped out
New York University
Worth $57.3 billion via Interactive Brokers
2025 Forbes rank #27
6. Steve Ballmer
B.A. in applied mathematics and economics
Harvard University
Worth $118 billion via Microsoft
2025 Forbes rank #10
Diane Hendricks
Did not attend college
Worth $21.9 billion via ABC Supplies
2025 Forbes rank #92
7. Michael Bloomberg
M.B.A.
Harvard Business School
Worth $105 billion via Bloomberg LP
2025 Forbes Rank #14
Christy Walton
Did not attend college
Worth $18.5 billion via Walmart
2025 Forbes rank #109
8. Alice Walton
B.A./B.S. in science
Trinity University
Worth $101 billion via Walmart
2025 Forbes rank #15
Dustin Moskovitz
Dropped out
Harvard University
Worth $17 billion via Facebook and Asana
2025 Forbes rank #119
9. Jensen Huang
B.S. in engineering
Oregon State University
M.S. in engineering
Stanford University
Worth $98.7 billion via Nvidia
2025 Forbes rank # 16
Jan Koum
Dropped out
San Jose State University
Worth $16.5 billion via WhatsApp
2025 Forbes rank #128
10. Jeff Yass
B.S. in mathematics and engineering
Binghamton University
Worth $59 billion via Susquehanna International Group
2025 Forbes rank #25
Eric Smidt
Did not attend college
Worth $15.6 billion via Harbor Freight Tools
2025 Forbes rank #136

(*Several families appear as collective units on the Forbes list. Because the wealth is split among multiple people and this list is about individual wealth as related to college degrees, we have not included the families on this list.)

Slideshow: College educations of U.S. presidents

Of the 45 U.S. presidents, 32 had college degrees and 13 did not. Eight presidents did not attend college, five attended college but did not earn a degree, 21 graduated college with undergraduate degrees only, and 11 earned graduate degrees.

1 of 49
President Dates in office College education
1. George Washington[150] [193] [236] April 30, 1789–March 4, 1797 Surveyor’s certificate from the College of William & Mary
2. John Adams[161] [204] [247] March 4, 1797–March 4, 1801 A.B., Harvard College, 1755
A.M., Harvard College, 1758
3. Thomas Jefferson[172] [215] [259] March 4, 1801–March 4, 1809 Attended College of William & Mary, March 25, 1760–April 1762
4. James Madison[158] [201] [259] March 4, 1809–March 4, 1817 B.A., College of New Jersey (Princeton University), 1771
5. James Monroe[159] [202] [245] March 4, 1817–March 4, 1825 Attended College of William & Mary, 1774–75
6. John Quincy Adams[163] [206] [249] March 4, 1825–March 4, 1829 A.B., Harvard College, 1787
AM, Harvard College, 1790
Attended Leiden University
7. Andrew Jackson[137] [181] [224] March 4, 1829–March 4, 1837 No college education
8. Martin Van Buren[166] [209] [253] March 4, 1837–March 4, 1841 No college education
9. William Henry Harrison[175] [218] [262] March 4, 1841–April 4, 1841 Attended Presbyterian Hampden-Sydney College, 1787–90
Attended University of Pennsylvania, 1790–91
10. John Tyler[164] [207] [250] April 4, 1841–March 4, 1845 Graduated College of William and Mary, 1807
11. James K. Polk[157] [200] [243] March 4, 1845–March 4, 1848 Graduated University of North Carolina, May 1818
12. Zachary Taylor[179] [222] [166] March 4, 1849–July 9, 1859 No college education
13. Millard Fillmore[167] [210] [254] July 9, 1850–March 4, 1853 No college education
14. Franklin Pierce[147] [190] [233] March 4, 1853–March 4, 1857 Graduated Bowdoin College, 1824
Attended Northhampton Law School
15. James Buchanan[156] [199] [242] March 4, 1857–March 4, 1861 Graduated Dickinson College, September 19, 1809
16. Abraham Lincoln[136] [180] [223] March 4, 1861–April 15, 1865 No college education
17. Andrew Johnson[138] [182] [225] April 15, 1865–March 4, 1869 No college education
18. Ulysses S. Grant[173] [216] [260] March 4, 1868–March 4, 1877 Graduated U.S. Military Academy, West Point, 1843
19. Rutherford B. Hayes[170] [213] [257] March 4, 1877–March 4, 1881 Graduated Kenyon College, 1842
LL.B., Harvard Law School, 1845
20. James A. Garfield[155] [198] [241] March 4, 1881–September 19, 1881 Attended Western Reserve Eclectic Institute (Hiram College), 1851–54
Graduated Williams College, 1856
21. Chester A. Arthur[143] [187] [230] September 19, 1881–March 4, 1885 Graduated Union College, 1848
Attended State and National Law College, 1853
22. Grover Cleveland[152] [195] [238] March 4, 1884–March 4, 1889 No college education
23. Benjamin Harrison[140] [184] [227] March 4, 1889–March 4, 1893 Graduated Miami University, 1852
24. Grover Cleveland[152] [195] [238] March 4, 1893–March 4, 1897 No college education
25. William McKinley[177] [220] [264] March 4, 1897–September 14, 1901 Attended Allegheny College, 1860
Attended Albany Law School, 1866
26. Theodore Roosevelt[171] [214] [258] September 14, 1901–March 4, 1909 A.B., Harvard University, 1880
Attended Columbia Law School (posthumous J.D. awarded in 2008, class of 1882)
27. William Howard Taft[176] [219] [263] March 4, 1909–March 4, 1913 Graduated Yale College, 1878
LL.B., Cincinnati Law School, 1880
28. Woodrow Wilson[178] [221] [265] March 4, 1913–March 4, 1921 Attended Davidson College, 1873–74
Graduated Princeton University, 1879
Attended University of Virginia, 1881
Ph.D., history and political science, Johns Hopkins University, 1886
29. Warren G. Harding[174] [217] [261] March 4, 1921–August 2, 1923 B.S., printing and newspaper trade, Ohio Central College, 1882
30. Calvin Coolidge[142] [186] [229] August 2, 1923–March 4, 1929 Graduated Amherst College, 1895
31. Herbert Hoover[154] [197] [240] March 4, 1929–March 4, 1933 Graduated, geology, Stanford University, 1895
32. Franklin D. Roosevelt[146] [189] [232] March 4, 1933–April 12, 1945 A.B., history, Harvard University
Attended Columbia Law School, 1904–07 (posthumous J.D. awarded in 2008, class of 1907)
33. Harry S. Truman[153] [196] [239] April 12, 1945–January 20, 1953 Attended Spalding’s Commercial College, 1901
Attended Kansas City Law School, 1923–25
34. Dwight D. Eisenhower[145] [188] [231] January 20, 1953–January 20, 1961 Graduated U.S. Military Academy, West Point, 1915
35. John F. Kennedy[162] [205] [248] January 20, 1961–November 22, 1963 B.S., international affairs, Harvard University, 1940
Attended Stanford Graduate School of Business, 1940
36. Lyndon B. Johnson[165] [208] [252] November 22, 1963–January 20, 1969 B.S., Southwest Texas State Teachers’ College (Texas State University), 1930
Attended Georgetown University Law School, 1934
37. Richard Nixon[168] [211] [255] January 20, 1969–August 9, 1974 Graduated Whittier College, 1934
J.D., Duke University Law School, 1937
38. Gerald Ford[151] [194] [237] August 9, 1974–January 20, 1977 B.A., economics, University of Michigan, 1935
LL.B., Yale University, 1941
39. Jimmy Carter[160] [203] [246] January 20, 1977–January 20, 1981 B.S., Naval Academy, 1946
Graduate work in reactor technology and nuclear physics, Union College
40. Ronald Reagan[169] [212] [256] January 20, 1981–January 20, 1989 B.A., economics and sociology, Eureka College, 1932
41. George H.W. Bush[148] [191] [234] January 20, 1989–January 20, 1993 B.A., economics, Yale University, 1948
42. Bill Clinton[141] [185] [228] January 20, 1993–January 20, 2001 B.S., foreign service, Georgetown University, 1968
Rhodes scholar, University of Oxford, 1968
J.D., Yale University, 1973
43. George W. Bush[149] [192] [235] January 20, 2001–January 20, 2009 B.A., history, Yale University, 1968
M.B.A., Harvard Business School, 1975
44. Barack Obama[139] [183] [226] January 20, 2009–January 20, 2017 attended Occidental College, 1979-1981
B.A., political science, Columbia University, 1983
J.D., Harvard Law School, 1991
45. Donald Trump[144] January 20, 2017–January 20, 2021 Attended Fordham University, 1964–66
B.S., economics, Wharton School of the University of Pennsylvania, 1968
46. Joe Biden[251] January 20, 2021–January 20, 2025 B.A., history and political science, University of Delaware, 1965
J.D., Syracuse University, 1968
47. Donald Trump[144] January 20, 2025–January 20, 2029 Attended Fordham University, 1964–66
B.S., economics, Wharton School of the University of Pennsylvania, 1968

Highest and lowest tuitions of ranked U.S. colleges and universities

U.S. News & World Report ranks colleges annually. Below are the colleges and universities with the highest and lowest tuitions among those ranked in the 2022–23 list. Note that U.S. News & World Report ranks colleges and universities in several separate lists (national universities, national liberal arts colleges, etc.), and we have indicated on which list the school is ranked below.

Top ten highest tuitions among U.S. News & World Report-ranked schools

Tuition and Fees College/University U.S. News & World Report rank
Source: U.S. News & World Report, “Search U.S. News Best Colleges,” usnews.com (accessed January 13, 2025)
$71,647 University of Southern California #27 in National Universities
$71,312 Brown University #13 in National Universities
$71,030 Vassar College #12 in National Liberal Arts Colleges
$70,794 Franklin & Marshall College #31 in National Liberal Arts Colleges
$70,770 Trinity College #36 in National Liberal Arts Colleges
$70,704 Tufts University #37 in National Universities
$70,702 Boston College #37 in National Universities
$70,480 Amherst College #2 in National Liberal Arts Colleges
$70,398 Haverford College #24 in National Liberal Arts Colleges
$70,306 Colgate University #22 in National Liberal Arts Colleges

Top ten lowest tuitions among U.S. News & World Report-ranked schools

Tuition/Fees College/University U.S. News & World Report rank
Source: U.S. News & World Report, “Search U.S. News Best Colleges,” usnews.com (accessed January 13, 2025)
$726 Berea College #40 in National Liberal Arts Colleges
$2,505 University of Holy Cross #101 in Regional Universities South
$6,688 Brigham Young University #109 in National Universities
$7,519 Louisiana State University, Shreveport #95 in Regional Universities South
$7,584 (out-of-state)
$3,584 (in-state)
Fayetteville State University #62 in Regional Universities South
$7,648 (out-of-state)
$3,648 (in-state)
University of North Carolina, Pembroke #41 in Regional Universities South
$7,923 Wayne State College #96 in Regional Universities Midwest
$8,492 Mississippi University for Women #34 in Regional Universities South
$8,605 Delta State University #51inRegional Universities South
$8,630 (out-of-state)
$4,630 (in-state)
Western Carolina University #231 in National Universities

Median incomes v. average college tuition rates

A frequent argument both for and against college is future earnings of college graduates versus the potential income lost while at college. Below are median annual incomes for men and women as compared to average annual tuitions from 1971–2024. In terms of academic years (fall/spring), the year in the table corresponds to the fall term (i.e., 2024 is the 2024–25 school year).

Median annual income (2023 dollars) Average annual tuition, room and board, and fees (2024 dollars)
Year Men Women At a four-year private nonprofit college or university At a four-year public nonprofit college or university
Sources: College Board, “Trends in College Pricing,” research.collegeboard.org, October 2024
U.S. Census Bureau, “Historical Income Tables: People,” census.gov, December 3, 2024
2024 -- -- $58,600 $24,920
2023 51,350 35,410 $58,130 $24,820
2022 50,380 34,090 $57,930 $25,010
2021 51,420 34,640 $59,920 $26,320
2020 49,950 34,410 $61,390 $27,050
2019 52,380 34,760 $61,270 $26,970
2018 49,920 32,480 $60,410 $26,770
2017 49,430 31,690 $60,230 $26,640
2016 48,400 31,000 $59,350 $26,370
2015 46,660 29,860 $58,150 $25,940
2014 45,570 27,920 $56,330 $25,120
2013 44,850 28,170 $55,230 $24,780
2012 43,690 27,730 $53,970 $24,380
2011 43,330 27,720 $53,020 $23,960
2010 43,620 28,140 $52,540 $23,310
2009 44,180 28,770 $51,350 $22,310
2008 45,340 28,530 $49,310 $20,970
2007 47,060 29,660 $48,460 $20,540
2006 46,910 29,100 $47,520 $20,010
2005 46,790 27,790 $46,230 $19,490
2004 46,980 27,200 $45,680 $18,920
2003 47,230 27,230 $44,490 $17,980
2002 47,100 27,080 $43,430 $16,880
2001 47,460 27,100 $42,320 $16,020
2000 47,270 26,810 $40,570 $15,400
1999 47,080 26,400 $40,500 $15,230
1998 46,650 25,410 $39,430 $14,970
1997 45,000 24,460 $37,890 $14,620
1996 43,450 23,360 $36,760 $14,290
1995 42,220 22,700 $35,820 $13,890
1994 41,610 21,960 $34,970 $14,030
1993 41,310 21,620 $34,350 $13,500
1992 41,030 21,490 $33,650 $13,050
1991 42,100 21,550 $32,730 $12,570
1990 43,260 21,470 $32,400 $12,190
1989 44,470 21,510 $31,820 $11,960
1988 44,120 20,730 $30,960 $11,840
1987 43,040 20,070 $28,920 $11,610
1986 42,810 19,040 $28,230 $11,610
1985 41,470 18,350 $25,980 $11,270
1984 41,010 18,060 $25,550 $11,130
1983 40,080 17,310 $24,470 $10,820
1982 39,810 16,800 $23,210 $10,420
1981 40,780 16,520 $21,870 $9,920
1980 41,550 16,310 $21,310 $9,720
1979 43,370 16,020 $21,680 $10,080
1978 44,080 16,400 $22,210 $10,360
1977 43,590 16,970 $21,980 $10,570
1976 43,220 16,400 $21,970 $10,710
1975 42,900 16,400 $21,490 $10,390
1974 44,370 16,180 $21,790 $10,510
1973 46,450 16,120 $22,780 $11,320
1972 45,580 15,900 $23,220 $11,650
1971 43,650 15,230 $22,730 $10,940

Student loan debt compared to other household debt

American student loan debt rose from $350 billion to $1.61 trillion between 2004 and 2024. Student loan debt was the second-highest household debt from 2010 through 2022, surpassed only by housing loans. However, in 2023 and 2024, auto loan debt exceeded student loan debt.

(monetary amounts in trillions)
Year Student loans Other debt Credit cards Auto loans Housing loans
Source: Federal Reserve Bank of New York, Center for Microeconomic Data, “Household Debt and Credit Reports,” newyorkfed.org, 2024
2024 $1.61 $0.55 $1.17 $1.64 $12.98
2023 $1.6 $0.55 $1.13 $1.61 $12.61
2022 $1.6 $0.51 $0.99 $1.55 $12.26
2021 $1.58 $0.44 $0.86 $1.46 $11.25
2020 $1.55 $0.42 $0.82 $1.37 $10.39
2019 $1.51 $0.43 $0.93 $1.33 $9.95
2018 $1.46 $0.41 $0.87 $1.27 $9.54
2017 $1.38 $0.39 $0.83 $1.22 $9.33
2016 $1.31 $0.38 $0.78 $1.16 $8.95
2015 $1.23 $0.35 $0.73 $1.06 $8.74
2014 $1.16 $0.34 $0.70 $0.95 $8.68
2013 $1.08 $0.32 $0.68 $0.86 $8.58
2012 $0.97 $0.32 $0.68 $0.78 $8.60
2011 $0.87 $0.33 $0.70 $0.73 $8.90
2010 $0.81 $0.34 $0.73 $0.71 $9.12
2009 $0.72 $0.38 $0.80 $0.72 $9.55
2008 $0.64 $0.41 $0.87 $0.79 $9.96
2007 $0.55 $0.42 $0.84 $0.81 $9.75
2006 $0.48 $0.41 $0.77 $0.82 $8.84
2005 $0.39 $0.42 $0.74 $0.79 $7.67
2004 $0.35 $0.42 $0.72 $0.73 $6.83

Highest-paying jobs and fastest growing jobs

All but one of the top 20 highest paying jobs in 2021 required a doctorate or professional degree (such as an M.D. or RN), while only one of the fastest growing jobs required such a degree.

Conversely, two of the 27 fastest growing jobs required licensing or no degree, 12 required a high-school diploma (or GED) or no formal education, 11 required a bachelor’s or associate’s degree, and one required a master’s degree. 5 percent was the average rate of job growth.

Top 20 highest-paying jobs

All of the top 20 highest paying jobs require doctoral or professional degrees.

Job Annual median pay
Bureau of Labor Statistics, “Occupational Outlook Handbook: Highest Paying Occupations,” bls.gov, August 29, 2024
Anesthesiologists $239,200
Orthodontists $239,200
Oral and maxillofacial surgeons $239,200
Surgeons, all other $239,200
Pediatric surgeons $239,200
Orthopedic surgeons, except pediatric $239,200
Ophthalmologists, except pediatric $239,200
Radiologists $239,200
Psychiatrists $239,200
Physicians, pathologists $239,200
Obstetricians and gynecologists $239,200
Neurologists $239,200
Emergency medicine physicians $239,200
Dermatologists $239,200
Cardiologists $239,200
Physicians, all other $236,000
Prosthodontists $234,000
Dentists, all other specialists $227,690
Family medicine physicians $224,640
General internal medicine physicians $223,310

Top 20 jobs with “much faster than average” growth

Job Annual median pay Entry-level degree required
Source: Bureau of Labor Statistics, “Occupational Outlook Handbook: Occupation Finder,” bls.gov, August 29, 2024
Animal caretakers Less than $37,500 High school diploma or equivalent
Bartenders Less than $37,500 No formal educational credential
Computer and information systems managers $100,000 or more Bachelor’s degree
Computer occupations, all other $100,000 or more Bachelor’s degree
Computer systems analysts $100,000 or more Bachelor’s degree
Cooks, restaurant Less than $37,500 No formal educational credential
Data scientists $100,000 or more Bachelor’s degree
Electricians $50,000 to $74,999 High school diploma or equivalent
Financial managers $100,000 or more Bachelor’s degree
Health specialties teachers, postsecondary $100,000 or more Doctoral or professional degree
Home health and personal care aides Less than $37,500 High school diploma or equivalent
Industrial machinery mechanics $50,000 to $74,999 High school diploma or equivalent
Information security analysts $100,000 or more Bachelor’s degree
Light truck drivers $37,500 to $49,999 High school diploma or equivalent
Management analysts $75,000 to $99,999 Bachelor’s degree
Medical and health services managers $100,000 or more Bachelor’s degree
Medical assistants $37,500 to $49,999 Postsecondary nondegree award
Nurse practitioners $100,000 or more Master’s degree
Personal financial advisors $75,000 to $99,999 Bachelor’s degree
Software developers $100,000 or more Bachelor’s degree

Assessment quiz

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1-minute survey

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Discussion questions

  1. Is a college education worth it? Consider various ideas of worth, including financial, educational, political, and social. Explain your answers.
  2. Should college be more accessible to everyone? Consider various avenues of accessibility, including financial, educational, political, and social. Explain your answers.
  3. What questions do you have after reading the debate above? Where might you find answers?
  4. What was the most interesting thing you learned from this debate?
  5. Consider how you felt about the issue before reading this article. After reading the pros and cons on this topic, has your thinking changed? How and why?. If your thoughts have not changed, explain how and why you better understand the other side of the debate.
  6. Push for the position and policies you support by writing local officials, U.S. senators and representatives, or other people in a position to make the change you champion.

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