191: The Million-Dollar Question: Is College Still Worth It in 2024? w/Dr. Anthony P. Carnevale
On The Market
College Degrees and Employment Impact
Exploring the earnings potential of college graduates based on major choice, the rising tuition costs, and the competition among colleges for prestige.
Is college worth it? Many Americans are beginning to boldly state, “Nope!” But does the growing anti-higher education sentiment point to facts or fiction around the cost of college? We invited Dr. Anthony P. Carnevale, research professor and director of the Georgetown University Center on Education and the Workforce, to the show to give us up-to-date data on the true ROI of a college degree.
With America’s shockingly low college graduation rate and student loans being one of the biggest limiting factors of financial freedom for many Americans, it’s understandable why so many people are skipping college to go straight into the workforce. But the data paints an entirely different picture. Those who opt out of the traditional four-year degree system could be making a massive mistake, one that could cost them seven figures in the long run. A sum that size could be the game changer for finding financial independence.
In this show, we ask Dr. Carnevale about why college has gotten so expensive, the problem with freezing tuition, which majors make the most (and the least), and whether where you go to college even matters. Plus, he shares some shocking statistics about how much a degree is worth and why one group of Americans is ditching degrees in today’s strong economy.
In This Episode We Cover:
Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions
The rise of “niche” brokers and agents and why they may THRIVE in the coming years
Our crucial advice for first-time homebuyers that you CANNOT miss
Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)
New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates
And So Much More!
Links from the Show
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Subscribe to The “On The Market” YouTube Channel
Hear Dave on The “BiggerPockets Money” Episodes About College Degree ROI:
Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”
Why 40% of Master’s Degrees Aren’t Worth It
Federal Student Loan Forgiveness Update: What Happens Now?
Connect with Dr. Carnevale:
The Chronicle of Higher Education
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-191
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