But I'm not so sure it is the value it used to be. After I graduated in 1980 my 1st 4 months salary earned me enough to pay for 4 years of college. My son graduated HS in 2007. For him to go to the same college, graduate in 4 years with the same degree, and go into the same job, it would take about 40 months salary to pay for the 4 years tuition.
Yes and no. I never really got a big bump out of my master's degree in my field, but for many fields a Master's is now the new Bachelors.
On top of that, college costs have gone completely nuts, inflated by easy federally guaranteed student loans. That gives us people with degrees in Music History they pay $120,000 for......... Good luck trying to pay that back giving piano lessons....
On the other hand, graduate from a cheap state school with a bachelor's in electrical engineering, and you make that tuition back in no time. Starting salaries north of 60K makes life a lot easier.
