Americans agree that education is expensive, but worth it

Minority of students feel weighed-down by debts

There’s a debate in America about whether post-secondary education is worth the cost now that the average tuition has passed $9,500 per year at public universities and $27,000 per year at private schools. But a new study by the Pew Research Center found that 86 per cent of grads feel that their degree was a good investment. Although three-quarters of the 2,142 respondents agreed that school is too expensive, most Americans with student loans don’t feel particularly weighed down. Less than half of those with student loans found it harder to pay other bills because of their school debt and only a quarter said that school debt made it harder to afford a home. On top of that, those who graduated from four-year programs were very likely to agree their education helped them grow intellectually (74 per cent) and just over half (55 per cent) said it was very useful in helping them prepare for a career.

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