Is a college diploma still worth it? Americans are split

investmentnews.com:

While economic outcomes for young adults have improved over the past decade, including those without a college degree, there’s an ongoing debate on the value of a four-year college education, according to a recent survey by the Pew Research Center.

According to the research, individuals aged 25 to 34 without a college degree have seen both their earnings and overall wealth rise over the past ten years. Despite these improvements, the earnings gap between young adults with and without college degrees hasn’t narrowed that much.

The survey reveals that Americans are split on whether you need a college degree to get a well-paying job. Only 25 percent of U.S. adults believe it is extremely or very important to have a four-year college degree to succeed in today’s economy. Approximately 35 percent consider it somewhat important, while 40 percent think it’s not too important or not important at all.

Nearly half (49 percent) of the respondents feel that having a four-year college degree is less critical to get well-paying employment now compared to 20 years ago. In contrast, one-third (32 percent) believe earning a sheepskin is more important today, and 17 percent think it’s just as important now as in the past.

Opinions on the cost of higher education also vary. Only 22 percent of Americans think the expense of a four-year college degree is worth it, even if it involves taking on debt. About 47 percent say it’s only worthwhile if loans are not necessary, and 29 percent argue that the cost is not justified under any circumstances. Among college graduates, only 32 percent feel that the cost of their education is worth it if loans are involved.

Student debt has emerged as a hot-button issue in recent years, and the administration