Perceived returns and regrets among college graduates

M. Najeeb Shafiq and Robert K. Toutkoushian

Education Economics, 2024, vol. 32, issue 5, 686-702

Abstract: We contribute to the higher education returns discourse by examining perceptions among college graduates. Using 2021 U.S. Survey of Household Economics of Decisionmaking data, we observe that over 80% of degree holders perceive that they received positive financial returns from college, while only 7% of college degree holders regret their decision to go to university. However, 39% regret their major choice, and 24% regret their institution choice. Logistic regression reveals perceptions and regrets vary with field of study, gender, type of institution attended, student debt load, and age.

Date: 2024
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DOI: 10.1080/09645292.2024.2353245

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