Bachelor Degree Aspirants Decline
The value of a college education : In a new research brief, The Pell Institute for the Study of Opportunity in Education found that only 44 percent of American high school students expected to earn a bachelor’s degree in 2022, down from 72 percent in 2002. The study also revealed a parental gap among high school students, with only 33 percent of first-generation students aspiring to a bachelor’s degree in 2022, compared to 60 percent two decades earlier. . . . Historically, the prestige of higher education relied on a form of geographic and information monopoly. In 2002, the narrative surrounding a teenager’s future was tightly managed by local gatekeepers—parents, high school guidance counselors, and FCC-regulated television networks that uniformly reinforced the traditional American Dream. If these gatekeepers insisted that a bachelor’s degree was the sole gateway to a middle-class life, a teenager had few tools to verify or challenge that claim. The cultural value of the...