College is still worth it, because the alternative is so much worse
The early admissions deadlines for universities across the country have come and gone, and acceptance letters are on their way. But with the cost of a four-year college education rising an average of 5% a year, many students and parents are likely wondering whether the cost of a degree is worth it.
The simple answer is yes because people with degrees continue to earn far more than those without them. Last year, Americans with four-year college degrees earned on average 98% more per hour than people without them, according to the Economic Policy Institute. In the early 1980s, they earned 64% more.