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Skeptical of the four-year college degree? It’s still your best bet to make money. Backlash against college as a common stop on the road to adulthood has mounted over the past decade. Critics say four-year degree programs saddle most students with five-digit debt without a clear path from classroom to career. Nearly half (46%) of all families surveyed in November and December 2020 by Gallup for the Carnegie Corporation of New York said they would prefer their children attend alternatives to four-year institutions — even when there were no financial barriers. But when you compare the value of a four-year degree with other credentials — a high school diploma, certificate programs and associate degrees — it still puts workers at an advantage in the labor market and leads to higher lifetime earnings, on average.

New yorkUnited statesMarshall anthony jrJohn wintersJonathan rothwellThomasb fordham instituteFederal reserve bankGeorgetown university centerEducation department college scorecardIowa state universityCarnegie corporation of new yorkCarnegie corporationNew york federalGeorgetown universityEducation departmentCollege scorecard