In Brief
RETURN ON INVESTMENT
In the eyes of Americans without college degrees, higher education seems necessary but too expensive.
That is one of the main findings in a report released last week by the American Enterprise Institute. The report was based on a survey of more than 1,500 people who do not have college degrees about their perception of a college education. It echoed some of the findings of a public-opinion survey, released a week earlier, of broader views of higher education.
People without a college degree recognize its importance, according to the new survey, with 84 percent of respondents agreeing or strongly agreeing with the idea that some form of postsecondary education is needed to get a good job. But survey participants didn't necessarily think they needed a college credential themselves, with 43 percent indicating they were satisfied with their level of education.
Only 60 percent agreed or strongly agreed with the idea that a college education was worth the cost. And high cost was the top reason given for why some people do not enroll in college.
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