Key Points
- As public confidence in higher education has declined, Americans have become less sanguine about the bachelor’s degree and skeptical of its potential return on investment.
- Nonetheless, four-year degrees continue to be associated with significant economic and noneconomic benefits for individuals and communities.
- Predominant narratives about the bachelor’s degree—that say either “BAs for everyone!” or “Don’t bother with college”—are misguided because they lack important nuance.
As public confidence in higher education has declined, Americans have become less sanguine about the bachelor’s degree and skeptical of its potential return on investment. Nonetheless, four-year degrees continue to be associated with significant economic and noneconomic benefits for individuals and communities. For those who want to attend college, have adequate financing options, and can finish their degrees, the benefits of a four-year degree are significant regardless of major chosen. Since averages apply to no one, students and their families cannot rely on these population-level outcomes to fully inform choices about appropriate pathways. Investing in guidance counseling to help individuals navigate postsecondary education and training options is crucial.