Nearly 2 million college students are set to graduate this year and enter the real world. There are many benefits to going on to higher education, but with the cost of a degree skyrocketing and heavy college debt loads weighing on graduates, does it really pay to graduate from a college or university?
Research shows a positive correlation between college education and levels of individual and national well-being. Yet, the full potential of graduates is not being realized, as nearly half of graduates from four-year colleges say they are in jobs that do not require a four-year degree, according to a wide-ranging study by consulting firm McKinsey & Co. and research data outfit Chegg. This is leading to college debt causing regret. The study involves nearly 5,000 graduates, with the majority finishing college between 2009 and 2012.