The Value of a College Degree

The value of an undergraduate degree has emerged as a hot-button issue over the course of the 21st century. While research indicating that an increase in earning potential and career advancement opportunities for college graduates is clear, a changing economy and increased costs has put higher education under a sharper microscope.

To put it bluntly: is college worth it?

Lubin Professor Larry Chiagouris, PhD, is seeking answers from those with the freshest, and arguably, most relevant perspective—members of the Millennial generation, now realizing the advantages of their degree in today’s workforce.

Through his study titled The Millennial College Graduate Report, Chiagouris is in the process of surveying graduates ages 25 to 35 on their perceptions of their college experiences. He recently released the first of several reports, which compares the views of older and younger Millennials.

“I think college administrators need to convert more graduates into cheerleaders,” said Chiagouris, who believes getting students to understand the value of their degree is critical to creating college ambassadors.

The biggest finding of Chiagouris’ survey? The majority of respondents believe that higher education was a good investment, however many wished they had taken advantage of more opportunities offered by their institution. 

A majority of respondents also favored their specific institution. Among those surveyed, 62% would recommend their college to friends and colleagues, with younger Millennials more likely do so.

While there are several reports still to be released, Chiagouris’ work is undoubtedly providing timely insights into the value of higher education, which will enable Pace and other institutions to better serve and prepare students for success during their undergraduate years and beyond.