With the student loan crisis gaining ground as a key issue in the 2020 presidential race, a new CNBC and Acorns survey has found that a majority of Americans now believe the value of a college education is inextricably tied to whether they have to go into debt to pay for it.
Some 58% of consumers polled earlier this month said that college is worth the money — but not if it means taking on too much debt. Only about 1 in 5 of the survey’s 2,800 respondents believe that college is worth the price, even if it means borrowing heavily, and nearly as many (18%) said that college is not worth the money, period. That number jumped to 24% among those in the 35- to 44-year-old age group.
The Invest in You Spending Survey was conducted by CNBC and Acorns in partnership with SurveyMonkey from June 17–20. A diverse group of men and women were polled across the country, ranging in ages from 18 to over 65. Of the total, 1,498 had a college or graduate degree.
Experts say the results reflect a…