Lifestyle
Despite naysayers and rising costs, data shows that college still pays off for students – and society overall
College graduates earn significantly more than high school graduates, but rising costs and policy changes affect enrollment. The need for educated workers is increasing, necessitating reforms in higher education to align skills with job market demands and improve access.
Despite naysayers and rising costs, data shows that college still pays off for students – and society overall
Stanley S. Litow, Columbia University
No industry has perhaps felt the negative effect of a radical shift in federal policy under the second Trump administration more than higher education.
Many American colleges and universities, especially public institutions, have experienced swift and extensive federal cuts to grants, research and other programs in 2025.
Meanwhile, new restrictive immigration policies have prevented many international students from enrolling in public and private universities. Universities and colleges are also facing other various other challenges – like the threat to academic freedom.
These shifts coincide with the broader, increasingly amplified argument that getting a college degree does not matter, after all. A September 2025 Gallup poll shows that while 35% of people rated college as “very important,” another 40% said it is “fairly important,” and 24% said it is “not too important.”
By comparison, 75% of surveyed people in 2010 said that college was “very important,” while 21% said it was “fairly important” and 4% said it is “not too important.”
Still, as a scholar of education, economic development and social issues, I know that there is ample and growing evidence that a college degree is still very much worth it. Graduating from college is directly connected to higher entry-level wages and long-term career success.
A growing gap
Some people argue that a college degree does not matter, since there might not be enough jobs for college graduates and other workers, given the growth of artificial intelligence, for example. Some clear evidence shows otherwise.
An estimated 18.4 million workers with a college degree in the U.S. will retire from now through 2032, according to Georgetown University’s Center on Education and the Workforce. This is far greater than the 13.8 million workers who will enter the workforce with college degrees during this same time frame.
Meanwhile, an additional 685,000 new jobs that require college degrees – spanning from environmental positions to advanced manufacturing – will be created from now through 2032.
The gap between those expected to leave and enter the workforce with college degrees creates a serious problem. One major question is whether there will be enough people to fill the available jobs that require a college degree.
In 2023, foreign-born people made up 16% of registered nurses in the U.S., though that percentage is higher in certain states, like California. But restrictions on immigration could limit the number of potential nurses able to fill open positions.
Nursing and teaching are two fields expected to grow over the next few decades, and they will require more workers due to retirements.
Other fields, like accounting, engineering, law and many others, are also expected to have more college-educated workers retire than there are new workers to fill their positions.
Worth the cost
The average annual salary of a college graduate from the class of 2023 was US$64,291 in 2024, according to the National Association of Colleges and Employers.
The overall average salary for this graduation class one year after they left school marked an increase from the average $60,028 that the class of 2022 earned in 2023, equivalent to $63,850 today.
While there is not available data that offers a direct comparison, full-time, year-round workers ages 25 to 34 with a high school diploma earned $41,800 in median annual earnings in 2022, or $46,100 today.
Overall lifetime earnings for those with college degrees is about about $1.2 million more than people with a high school make, according to the recent Georgetown findings.
People who earn more generally have more money to support their families and contribute to their immediate communities. Their higher taxes also contribute to the U.S. economy, supporting needed services like education, public safety and health care.
People with college degrees are also more likely than those who are not college graduates to vote, volunteer and make charitable donations to help others in need.
College matters for individuals, but it clearly also helps improve the economy.
With 64 public colleges across the state, the State University of New York system is the largest post-secondary network of higher education schools in the country. For every $1 the state of New York invests in SUNY, the SUNY system returns $8.70 to the state in terms of economic growth, according to 2024 findings by the Rockefeller Institute, an independent public policy research organization affiliated with SUNY. And that is only one state.
A new way forward
It isn’t likely that the expected number of college-educated people who will soon retire will suddenly decrease, or that the anticipated number of people entering the workforce will unexpectedly increase.
There are practical reasons why some people do not want to go to college, or cannot attend. Indeed, the percentage of young people enrolled as college undergraduates fell almost 15% from 2010 through 2022.
For one, tuition and fees at private colleges have increased about 32% since 2006, after adjusting for inflation. And in-state tuition and fees at public universities have also grown about 29% since 2006.
The total of federal student loan debt for college has also tripled since 2007. It stood at about $1.84 trillion in 2024.
I believe that in order to ensure enough college-educated people can fill the anticipated work openings in the future, universities and the government should embrace needed changes to increase both enrollment and completion rates.
Artificial intelligence will transform work worldwide, for example, and that shift should be incorporated into higher education curriculum and degrees. Soft skills – like problem-solving, collaboration, presentation and writing skills – will become more important and should be prioritized in the learning process.
I believe that universities should also prioritize experiential education, including paid internships that offer students academic credit. This can help students gain experience that is both accredited and is connected to direct career pathways.
Universities and high schools could also expand how much they offer microcredentials – or short, focused learning programs that offer practical skills in a specific area – so students can connect their education with clear career pathways.
These reforms aren’t easy. They require a commitment to change, and all of this work will require deep partnerships with the government. While that might be a heavy lift currently at the federal level, it is both possible and achievable to make advances on these and other changes at the state level.
American universities and colleges have always been key to preparing the workforce for economic opportunity. At the end of World War II, for example, Columbia University and IBM worked together to help create the academic discipline now called computer science.
This action did more than help one university or one employer. It fueled change across higher education and across private companies and the government, leading to massive economic growth.
Universities have made countless other contributions to strengthen and expand the economy. Considering solutions to some of the challenges that stop students from going to college could help ensure that more students see the value in a college education – and a tangible way for them to connect it to a future career.
Stanley S. Litow, Adjunct Professor of International and Public Affairs, Columbia University
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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More Than Hair: How the Back-to-School Haircut Impacts Confidence
(Feature Impact) For years, parents make nearly every style decision for their children – from first-day outfits to picture-day haircuts. Then, almost overnight, those little ones develop opinions of their own about what to wear and how to style their hair.
As boys enter middle and high school, 84% of parents notice their sons care significantly or somewhat more about their appearance, based on results of a survey conducted by Atomik Research on behalf of Sport Clips Haircuts, a sports-themed haircutting franchise specializing in haircuts for men and boys.
What’s more, according to the American Psychological Association, physical appearance is an important part of adolescent identity, helping young people express themselves while also navigating social expectations and peer relationships. Those expectations have added more pressure on children and teens to present themselves well as nearly three-quarters of parents surveyed (71%) said boys today face more pressure to look put-together going into a new school year than they remember from their own school years.
Haircuts are Becoming Part of Back-to-School Checklists
While shopping for school supplies, organizing backpacks and choosing first-day outfits are all familiar traditions ahead of a new school year, scheduling a haircut is increasingly part of the back-to-school agenda. While 20% of parents surveyed notice their child shift back into school mode when they pick out their first-day outfit, and another 19% said it’s when their sons pack or organize their bags, 71% said getting their son a fresh haircut or new hairstyle has become a reliable part of their back-to-school routine.
In fact, more than one-third of parents said their preteen or teenage sons are the ones asking for a back-to-school haircut. Another 22% said they bring it up around the same time, meaning more than half of boys are already thinking about how they’ll show up on the first day.
The Connection Between Appearance and Confidence
Ninety-five percent of parents surveyed said the way their son feels about his appearance influences how confidently he approaches school, sports and social activities. As boys age and want to choose their own style, a haircut is only one piece of the equation. Allowing them to choose clothes they feel comfortable wearing as well as having conversations about what they’re looking forward to (and what they’re nervous about) as another school year begins are also part of the preparations that can help boost self-esteem before they ever walk through the school doors.
The Hairstyles Boys are Asking for This Year
If you thought parents’ opinions about theirs sons’ haircuts mattered, think again. More than half of boys ages 11-17 know exactly what haircut they want before the school year begins. Parents report many are inspired by celebrities, athletes or digital creators.
According to the survey, 30% of boys want a tapered fade like the one U.S. goalkeeper Matt Freese wore during the 2026 World Cup. Nearly a quarter (24%) of respondents said their child wants a classic cut, similar to YouTuber Caylus Cunningham. Only 10% of boys are requesting a longer or shaggy style, like actor Jacob Elordi, and even fewer are looking for fringe bangs; the “broccoli cut,” which is short on the sides and curly on top; or a buzz cut.
Whether it’s a subtle trim or a completely new style, the back-to-school haircut has evolved into one of the first opportunities each school year for boys to express themselves. Learn more about this year’s trends, and schedule an appointment ahead of the school year, at sportclipsinc.com.
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Consumer Corner
Things to Look for When Considering an Auto Secured Loan
Many Americans continue to feel pressure from rising everyday expenses. Some are turning to credit cards and other expensive options like unsecured loans to cover surprise bills, manage a temporary gap in cash flow or even pay for basics like groceries and gas. For these people, an auto secured loan may offer another option for borrowers who own a vehicle and are looking for a more affordable way to access funds.
(Feature Impact) Many Americans continue to feel pressure from rising everyday expenses. Some are turning to credit cards and other expensive options like unsecured loans to cover surprise bills, manage a temporary gap in cash flow or even pay for basics like groceries and gas.
For these people, an auto secured loan may offer another option for borrowers who own a vehicle and are looking for a more affordable way to access funds.
Unlike an unsecured personal loan, an auto secured loan uses a vehicle as collateral. This can help borrowers qualify for higher loan amounts at better interest rates and with more flexible repayment terms.
Not all loans are created equal, however. If you’re considering an auto secured loan, here are six features that responsible lender Oportun suggests borrowers prioritize when evaluating their options.
1. Transparent, Easy-to-Understand Terms
A responsible lender will clearly explain the loan’s annual percentage rate (APR), monthly payment amount, repayment schedule, fees and total cost over time.
Borrowers should also understand what happens if a payment is missed and what options may be available if financial circumstances change. Clear information helps consumers make confident, informed decisions.
2. Affordable and Predictable Payments
The best loan is one that fits comfortably within your budget. Look for fixed monthly payments, reasonable repayment terms and the ability to pay off the loan early without penalties. Be cautious of products that rely on repeated refinancing or loan rollovers that can increase costs over time.
3. Lower-Cost Alternatives to Payday
When unexpected expenses arise, some consumers turn to high-cost forms of credit, such as payday loans, because they are often marketed as fast and easy to secure.
A responsible auto secured loan may offer a more affordable alternative with lower rates and repayment terms designed to help borrowers successfully repay what they borrow rather than become trapped in a cycle of debt. Be sure to shop rates across loan types and lenders.
4. Flexibility and Strong Customer Support
Life doesn’t always go according to plan. Borrowers should look for lenders that offer convenient account management tools, flexible payment options and access to knowledgeable customer support representatives. The ability to get help when it’s needed can make a meaningful difference over the life of your loan.
5. Credit Building Opportunities
A loan can do more than just solve an immediate financial need. Many responsible lenders report payment activity to the major credit bureaus, allowing borrowers to build or strengthen their credit history through consistent, on-time payments. Over time, a stronger credit profile can open the door to additional financial opportunities.
6. Responsible Collateral Practices
Before taking out an auto secured loan, it’s important to understand how a lender approaches collateral. Responsible lenders use a vehicle to help expand access to credit. They do not offer credit as a shortcut to taking ownership of your vehicle. Look for lenders that offer hardship assistance and work with borrowers facing financial setbacks before pursuing collection actions. Repossession should always be a last resort.
Choosing the Right Lending Partner
If you’re considering an auto secured loan, make sure the lender you choose supports these six practices. Responsible lenders design their products to help people both access funds for short-term needs and improve their long-term financial health.
For example, Oportun offers clearly priced auto secured personal loans designed to help members access affordable credit and repay them on time so they can build a stronger financial future. Since its founding, the lender has provided more than $22 billion in responsible and affordable credit, helped more than 1.3 million people establish a credit history and saved its members more than $2.5 billion in interest and fees.
By focusing on lenders that prioritize transparency, affordability, flexibility and successful repayment outcomes, borrowers can find an auto secured loan that meets their current and future financial needs. Discover more information by visiting Oportun.com.
Photos courtesy of Shutterstock
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Oportun
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Travel
How to Get More Out of Your Travel Budget
Every great vacation starts long before you pack a suitcase – from choosing where to go to mapping out the perfect itinerary – ensuring you get the most out of your travel budget.
How to Get More Out of Your Travel Budget
(Feature Impact) Every great vacation starts long before you pack a suitcase – from choosing where to go to mapping out the perfect itinerary.
A recent survey conducted online by Talker Research on behalf of World of Hyatt found 70% of U.S. respondents ages 18-65 feel pressure to make every vacation feel “worth the money.” For many, travel rewards have become part of making that happen with 74% saying using travel rewards makes travel spending feel more worthwhile. That sentiment is even stronger among younger travelers, including 84% of Gen Z and 77% of Millennials.
It’s no surprise travelers are putting more thought into the planning process. Nearly 4 in 10 respondents said they spend three or more hours researching and choosing a destination, showing that getting the most out of a travel budget has become just as important as choosing the destination itself.
Make Everyday Spending More Rewarding
One of the easiest ways to stretch your travel budget is choosing a credit card that rewards the purchases you’re already making. More than half of travelers (53%) who travel at least once a year and use credit cards said they’d travel more often if accommodations were partially covered by rewards or points, while 36% said they’d take trips they otherwise wouldn’t.
With the World of Hyatt Credit Card from Chase, cardmembers earn two Bonus Points per $1 spent on dining, local transit and airline tickets purchased directly from the airline, plus one Bonus Point per $1 on all other purchases. When it’s time to travel, cardmembers earn up to 9X total points on qualifying purchases at participating Hyatt hotels and resorts (four Bonus Points per $1 spent with the card and up to five Base Points per eligible $1 spent as a World of Hyatt member). By turning everyday spending into travel rewards, the credit card can help bring those getaways within reach.
For those looking to earn toward future vacations faster, now through Aug. 20, 2026, new World of Hyatt Credit Card cardmembers can earn up to 75,000 Bonus Points – enough to redeem for up to five free nights at Category 1-5 Hyatt hotels or resorts when redemption levels are at or below 15,000 points per night.
- 45,000 Bonus Points after spending $5,000 on purchases in the first three months from account opening
- Up to 30,000 Bonus Points by earning two Bonus Points total per $1 spent in the first six months on purchases that normally earn one Bonus Point (up to $15,000)
Free hotel nights also top many travelers’ wish lists with nearly half of survey respondents (45%) saying they’re the most valuable travel reward. To help make stays more attainable, the credit card also includes an annual Category 1-4 Free Night Award after each cardmember anniversary with the opportunity to earn a second after spending $15,000 in a calendar year. Complimentary Discoverist status adds even more value with perks like room upgrades and 2 p.m. late checkout (as available), helping make every stay even more enjoyable.
Find Your Next Escape
Put your rewards to work at unforgettable destinations, such as:
- Get away this fall
Experience fall at Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina, where scenic waterfront trails, championship golf and seasonal outdoor adventures offer a relaxing change of pace.
- Celebrate the season in the city
Plan a festive Chicago getaway at Chicago Athletic Association with easy access to Millennium Park’s ice-skating rink, the Christkindlmarket, holiday lights and the city’s vibrant dining scene.
- Spend the new year at the beach
Escape to Wild Dunes Resort, where oceanfront accommodations, sandy beaches, championship golf and resort amenities create the perfect coastal Carolina getaway.
Start Planning Your Next Adventure
Whether you’re planning a bucket-list vacation or a weekend escape, thoughtful planning and making everyday spending work harder can help unlock your next getaway.
Learn more about maximizing your travel rewards at chase.com/gethyattcard.
Content courtesy of Chase and World of Hyatt.
Credit Cards are issued by JPMorgan Chase Bank, N.A. Member FDIC.
Talker Research surveyed 2,000 U.S. adults aged 18 – 65 who travel at least once per year and use credit cards. The survey was commissioned by Hyatt and administered online by Talker Research between June 29-July 6, 2026.+
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