College degree value debated amid rising costs and AI

The value of a college degree is being re-evaluated through both economic and personal lenses. Data from the Bureau of Labor Statistics shows that in 2024, workers with a bachelor’s degree earned approximately 65% more in median weekly income than those with only a high school diploma, alongside lower unemployment rates.

However, decision-makers must weigh these potential gains against opportunity costs, such as foregoing full-time wages and work experience. The rise of artificial intelligence and automation adds further uncertainty, as evolving technology may impact the long-term relevance of certain academic skills.

Beyond financial metrics, research indicates that students often prioritize non-economic benefits. A survey of over 1,000 U.S. students found that 74.2% of respondents valued personal growth and a sense of purpose, while economic return ranked lower at 66.2%. Alternatives such as apprenticeships, skilled trades, and coding bootcamps are also being considered as pathways to employment.