Source: Cato Institute
by Andrew Gillen
“The public’s confidence in higher education is falling rapidly. The share of the public that has confidence in higher education declined from 57% in 2015 to 38% in 2026. As colleges and their advocates try to win back the public’s confidence, one of their strongest arguments is that college is worth it for both students and for the country broadly. While it is true that a college education generally pays off for the typical student, there are a few problems with this view. The biggest, and most obvious, problem to note is that there are many predictable cases in which college is not worth it from a financial perspective.” (08/21/26)
https://www.cato.org/commentary/140-billion-public-college-myth