While reading the Economic Populist, I saw this article that referenced this research from the Pew Research Center. The very detailed report is the result of two survey’s, one of potential students and the other of college presidents. The results are very interesting indeed. What I found to be most interesting was that according to the survey:
A majority of Americans (57%) say the higher education system in the United States fails to provide students with good value for the money they and their families spend.
I found this surprising and would have expected the number to have been less than 50% – given the run up in student loan debt. Of course, consumer survey’s are notorious plagued by customers saying one thing, but acting different. This is known as the attitude-behavior gap (or value-action gap), which you can read more about here.
The full report is available here. You can also read our other posts on the topic of an education bubble here:
- Education, the next bubble to pop?
- NIA – Video on the Education Bubble
- Ways to get student loan forgiveness