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1 1 (January 2024)

handle is hein.amenin/aeiaeum0001 and id is 1 raw text is: Bre Bachelor's Degree Brent Orrell and David Ve dra n January 2024 Aspubic confidenein higher eduation has declined Amercans have become esssan guine about the wachelor's dcgre and skeptical o: its p'tential return on investrnenrt. Nonetheless, ucr-year degrees continue to be assocated with significant economic and noneconrnic benefits for individuas an ommunrirt r esr. rhose who wrt to attend coirege, have adequate financing opions and can finish their degrees the benefits of a four-year degree are significant regar:l:cs of mAor chovwn Since averages apply to no one, uden a, nd their armiies cannot reiy on these ;-slat n-eveu otcomes to ut inforrn choices about appropriate pathways. Investing in guidarce counseling to hep ndividu- als navigate postsecondary education and training options is crucia . Since WSVord War i-, tre nurnber o` Americans obtain- ing college degres has steadily increased, rising from 46 percenit of the population 6n 194 to 37.7 percent in 2022 (U; <ensu-s Bureau 2017, 2023). This massive investm ernt i n capital has .erped create one o the bLs-Co ucated and mos r prductive workrc-s in the world. Despite .his rem arkrabre suaccess --Ow ui opinion as mre hy hifted an the topic of high er edu- cation in recent years. According to Ga u, ony 36 per- cent of Americans have a great de or qu ite a at of confidence in oigher cducatin, down from 48 percent in 2018 and 57 percent in 2015 (Brenan 2023). The cost of a colege education is an importan fac tar drving this change in attitude. A' recent SIvey cn-- ducted by the Harrs Poll Ond hat abOut had of US adults say money o' e irend their ability to pursue hr-r erca (Laningham 2022 WVrih NE sudent loan borroers owirng neary 8 tr ron, ths com ern does not sem rnisplaced (Hanson 2023) Another fator s iy the oercepion of id eologica bias -n higher educ- ton. Ke evidnce for hss he polar- ization f attitudis Loward :our-year institutions. Accord- ing to Galup,, whie confidence -n Iigher education has drooped among all party identifications, NRepu icans have lost the nost conidence in higher edu tion by far, dropping 37 percentage points cornpared to indepen- dents''.6 and Democrats' 91 (oug 2023; brean 2 02), T hesetrends, however, appeardisconnected fro- the benefits associated with ach -l-r' degrees, inc Cling cognitve and noncognitive skills (Garcia 2 ), higher lifetirme earnings, great err- Urml' yility, and heali fer, more social, and haier lives (Kunok an Hahn 2023). In assessing these data, we are confronted with - cnnrun- dr--: coes tIe bache or s degree c-nfer these benefits or only sigal thern? i the bachelor's degree a cause or an effect of other unrneasurid charae r'isi s? To explore these questions and assess the vaue of the bachelor's degree, we have divided h-s report into twyo

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