A college degree was once seen as the golden ticket to landing a well-paying job. But many people are increasingly questioning the value of a four-year degree amid the rising cost of college.
Almost two-thirds of registered voters said in an October 2025 NBC News poll that a four-year college degree isn’t worth the cost – marking an increase from 40% of registered voters who said that college wasn’t worth the cost in June 2013.
Caroline Field Levander, the vice president for global strategy and an English professor at Rice University, argues in her December 2025 book “Invent Ed” that people have lost sight of two factors that made universities great to begin with: invention and creativity.
Amy Lieberman, education editor at The Conversation U.S., spoke with Levander to break down the benefits of going to college and university – and how schools can better demonstrate their enduring value.
How can we measure the value of a college degree?
College graduates earn substantially more than people who do not have a college degree.
The average high school graduate over a 40-year career earns US$1.6 million, according to 2021 findings by the Georgetown University Center on Education and Workforce. The average college graduate, over this same 40-year time frame, earns $2.8 million. That $1.2 million difference amounts to around $30,000 more salary per year.
People who earn a degree more advanced than a bachelor’s, on average, earn $4 million over 30 years, making the lifetime earning difference $2.4 million between these graduates and people with just a high school diploma.
College graduates are also better protected against job loss, and they weather job disruption cycles better than high school graduates.
The unemployment rate for people with a high school degree was 4.2% in 2024, according to the U.S. Bureau of Labor Statistics. By contrast, 2.5% of people with a bachelor’s degree and 2.2% of people with a master’s degree were unemployed in 2024.
Do any of these benefits extend beyond individual students?
In addition to the substantial financial benefits college graduates experience, colleges and universities are major employers in their communities – and not just professors and administrators. Higher education institutions employ every trade and kind of worker, from construction workers to police, to name a few.
Universities are crucial to developing and strengthening the U.S. economy in other ways. The discoveries that faculty and researchers make in laboratories lead to new products, businesses and ideas that drive the U.S. economy and support the country’s financial health.
Researchers at the University of Texas Southwestern did important work in helping to discover statins, while scientists at the University of Pennsylvania developed the mRNA vaccine. The list of inventions that started at universities goes on and on.
Some people are questioning the value of a degree. What role can universities play in reassuring them of their relevance?
Discovery and invention have traditionally been the focus of many graduate programs and faculty research, while undergraduate college educations tend to focus on ensuring that students are able to successfully enter the workforce after graduation.
Undergraduate students need to gain competency in a field in order to contribute to society and advance knowledge.
But I believe universities need to teach something else that is equally valuable: They also need to build creative capacity and an inventive mindset into undergraduate education, as a fundamental return on the investment in education.
Employers report that creativity is the top job skill needed today. The IBM Institute for Business Value, for example, concluded in 2023 that creativity is the must-have skill for employee success in the era of generative AI.
The Harvard Business Review reports that employers are developing short courses aimed to build creative capability in their workers.
What can faculty and students easily do to encourage creativity and innovation?
Professors can build what I call a “growth mindset” in the classroom by focusing on success over time, rather than the quick correct answer. Faculty members can ask themselves as they go into every class, “Am I encouraging a growth mindset or a fixed mindset in these students?” And they can use that answer to guide how they are teaching.
Students could also consider committing to trying new courses in areas where they haven’t already been successful. They could approach their college experience with the idea that grades aren’t the only marker of success. And I think they could benefit from developing thoughtful ways to describe their journey to future employers. Simple practices like keeping a creativity notebook where they record the newest ideas they have, among many others that I describe in my new book, will help.
And university leaders need to open the aperture of how we define our own success and our university’s success so that it includes creative capability building as part of the undergraduate curriculum.
This article originally appeared on The Conversation. You can read it here.
