Even a little college helps
Still, student debt is the most pressing issue in higher education today. Some good news from Boston.com and The Hamilton Project.
It sounds like the worst of all worlds — borrowing money for college, then dropping out and facing the debt without a degree.
But a new study argues that the investment in even a partial college education is still worth it, amounting to average earnings of $100,000 more over a lifetime than for those who merely finish high school. That’s a better investment return on average than stocks and bonds — though of course much lower than the return on college for those who finish.
‘‘It is vastly better to get a college degree,’’ said Adam Looney, policy director at The Hamilton Project, the Washington, D.C.-based think tank that authored the report. ‘‘But I think the evidence says that fears of dropping out, that there are big downside risks to trying it and not finishing it, I think those are overblown. For people who are interested in college, who have ambitions of going and have the ability and qualifications to succeed, I think the evidence suggests it’s an extremely good deal right now.’’