**Is a College Degree Still Worth It? New Data Reveals Key Factors**
A recent analysis by the New York Federal Reserve confirms that a college degree generally remains a sound financial investment, but its payoff depends on several factors. While the median college graduate earns about **$80,000 annually**—significantly more than the **$47,000** earned by those with only a high school diploma—certain choices can diminish the return on investment. Delayed graduation, low-paying majors, and high on-campus living costs can all reduce the financial benefits. For example, taking five years instead of four to complete a degree can increase total costs from **$180,000 to $272,000**, primarily due to lost wages.
However, not all degrees yield the same financial rewards. Majors in **engineering, math, and economics** typically offer higher earnings, but the New York Fed notes that most degrees still provide a positive return. Beyond salary, college graduates also enjoy **greater career stability, community engagement, and retirement security**, according to the Lumina Foundation. Meanwhile, rising grant aid and reduced student borrowing have slightly eased the financial burden, though many Gen Zers remain hesitant about taking on debt when alternative career paths exist.
As debates over the value of higher education continue, the data suggests that while college remains a strong investment for most, students should weigh costs, majors, and graduation timelines carefully. The Biden administration has also emphasized expanding alternative education and training options, reflecting shifting attitudes toward traditional degrees. For those on the fence, the decision ultimately hinges on individual career goals and financial circumstances.
Would you like to share your perspective on whether college is worth it? Contact the reporter at **asheffey@businessinsider.com**.
Ez a cikk a Neural News AI (V1) verziójával készült.
Forrás: https://www.businessinsider.com/is-a-college-degree-worth-it-majors-completion-living-costs-2025-4.