By Richard Garrett, Eduventures
Sticker price may be soaring but net price, what students actually pay, is more modest and stable. The wage premium that comes with a degree has never been higher, calming fears about student debt. Still, it’s hard to feel good about these three data points: Graduation Rates. According to the National Student Clearinghouse, the six-year undergraduate completion rate is a mere 55%—and it’s declining. Employability. In 2012, the OECD ran its first international survey of adult skills. Only 8-16% of U.S. adults achieved literacy, numeracy, and problem-solving proficiency at a level judged to be equivalent to a bachelor’s degree, yet 34% had such a degree. Premium. Yes, the degree wage premium is higher than ever, 95% for those with a bachelor’s degree and 136% for those with a master’s degree when compared to high school graduates.
Tags: Online Learning News