In the age of high student loans, many wonder if it pays to go to college. I say that there are nonmonetary benefits of going to college, such as meeting people that are different from you and challenging yourself to your highest intellectual potential, but there is monetary value as well.
Check out the recent report from the Pew Research Center with easy to read graphs to see what is going on in the US today.
My advice is to research a university’s graduate rate and job placement percentage upon graduation. Also, look at how much a person makes in the job market that has the same degree that you do. Take the earnings minus your potential loan payments to see if that program is a good investment. Not all degrees are equal.