Degree of difficulty: Is college still worth the cost? Usually
It’s a distortion that’s oft-repeated, and refuses to die: Legions of college grads working long hours as baristas, their expensive degrees wasted after not finding a job in their chosen fields.
While such anecdotes are compelling, the evidence points to the contrary: College in Michigan still grades out as a sound financial investment for most students in both the short and long term. Projections of lifetime earnings say that holds true even as people across the state express anxiety about rising student debt and tuition costs. There also remains a correlation between states with a higher share of college graduates and higher household incomes – an equation that leaves Michigan behind a majority of states.