Not all college degrees or all college graduates are created equal, according to a new Brookings Institution brief.
On average, the benefits of a college degree outweigh their costs. However, in “Should Everyone Go to College?” Brookings senior fellow Isabel Sawhill and Stephanie Owen argue that it is important to compare the return on investment (ROI) by other variables, such as choice of major and college selectivity, in order to better assess whether or not a four-year degree will significantly improve a student’s future earnings.
“There is enormous variation in the so-called return to education depending on factors such as institution attended, field of study, whether a student graduates, and post-graduation occupation,” say the brief’s authors.
(Next page: Infographic and brief)