Business

Is a college degree still worth it?

As the warm glow of college commencement ceremonies gives way to the cold reality of today’s job market, this year’s graduates and their anxious parents might be tempted to wonder whether it was worth it.

After spending tens of thousands of dollars on higher education, often taking on huge debts along the way, many face a job market that doesn’t seem to need them. Not only is the American economy producing few new jobs of any kind, but the ones that are being added are overwhelmingly on the lower end of the skill and pay scale.

In fact, government surveys indicate that the vast majority of job gains this year have gone to workers with only a high school education or less, casting some doubt on one of the nation's most deeply held convictions: that a college education is the ticket to the American Dream.

Full story: Is a college degree still worth it? – latimes.com