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Gallup Index Finds Graduates Think College Is Worth The Cost

The second year of a study gauging the happiness and success of college graduates sets its sights on a topic that's been widely discussed in Indiana: college affordability.

The Gallup-Purdue Index collected responses from 60,000 college grads over the last two years, and this year's numbers show the average degree-holder amasses about $35,000 in debt by the time they leave school – and most seem okay with that.

More than three-quarters of graduates polled this year agree or strongly agree their college experience was worth the cost.

Still, Gallup's education polling head Brandon Busteed says his team expected the number would be higher.

"I would never rate a university solely on how many graduates feel their education was worth the cost, but I do think it's an important question to throw in the mix," he says. "And it's an interesting one, because far fewer college graduates strongly agree with that question than we thought we would see."

But private, for-profit colleges fare much worse than their non-profit brethren, with only half as many graduates of those institutions saying they "strongly agree" they paid for a worthwhile diploma.

The findings could be seen as a blow to lawmakers like State Budget Committee Chairman Luke Kenley, R-Noblesville, who's railed for years against rising college costs and even once held funding for Indiana University and Purdue University hostage until those schools' leaders agreed to hold the line on cost increases.

Only ten percent of those polled say the cost of their education outstrips the eventual value of their degree.

Among all grads, the perception of a degree's worth also increases depending on how much the degree holder's job pays.

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