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Americans Are Waking Up to the Real Cost of College

by Education Report
September 12, 2025
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When families sit down to map out a young person’s future, the conversation often circles back to one big question: Is four years at a university still the golden ticket it once seemed? Fresh data from Gallup suggests the answer is leaning toward no, with public faith in higher education sinking to levels that would have seemed unthinkable a decade ago.

The latest survey, conducted in August with over 1,000 adults, paints a stark picture. Just 35% of respondents called a college degree “very important,” a plunge from 75% back in 2010. That’s the lowest mark in Gallup’s tracking history, and for the first time, fewer than half of Americans see it as essential. Another 40% labeled it “fairly important,” while a striking 24% dismissed it outright as “not too important”—more than double the 13% who felt that way in 2019. Among college graduates themselves, the numbers barely budge: only 40% rate their own path as very important, with 12% shrugging it off as not too relevant.

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This shift isn’t confined to any one corner of society. It cuts across age groups, with roughly a third in every bracket—from fresh high school grads to those in their 50s and beyond—now viewing college as very important. Men, who once trailed women in enthusiasm for degrees, have seen their support crater from 65% in 2013 to 29% today. Even women, long the staunchest backers, have dipped below 50%. Racial lines show a similar story: While people of color have historically prized higher education more than white respondents, that edge has eroded, leaving less than half in those groups calling it very important.

Lydia Saad, Gallup’s director of social research, lays out the breadth of this change in her analysis. “Women, people of color, college graduates and Democrats have traditionally been more likely than their counterparts to value higher education, and that remains the case today,” she observes. Yet the momentum has flipped. She continues, “However, even among these pro-college groups, less than half now say college is very important.” What was once a bedrock assumption—college as the surefire path to stability—now feels optional, even risky, to many in these core constituencies.

For Democrats, who have long championed expanded access to universities, the drop-off stings particularly. Support for college as very important has tumbled since 2013, with 49% now settling for “fairly important” and just 9% seeing it as irrelevant. Republicans, meanwhile, are twice as likely to call it not too important (39%) as very important (20%), a gap that reflects broader frustrations with campus culture and costs. Parents aren’t immune either: Among those with kids under 18, 38% rate college as very important, mirroring the national average, while 21% wave it off.

Saad points to a mix of forces driving this sea change, ones that go beyond partisan gripes. “While the new survey didn’t explore the reasons directly, the high cost of college, recent attention to the benefits of trade schools, the growth of online learning and microcredentials, and the potential for revolutionary changes in the labor market presented by recent advancements in AI are all possibilities,” she writes. Take the debt load: The average borrower owes around $30,000 upon graduation, a figure that’s ballooned alongside tuition hikes outpacing inflation for years. Meanwhile, trade programs—think welding, plumbing, or electrical work—often wrap up in months, cost a fraction, and lead straight to jobs paying $50,000 or more right out of the gate. Enrollment in vocational training has jumped 16% since 2020, per the National Center for Education Statistics, as young people eye paths that deliver quicker returns.

AI’s rise adds another layer. Tools like advanced language models are reshaping white-collar fields once reserved for degree-holders, from marketing to basic coding. A 2024 McKinsey report estimated that up to 45% of work activities could be automated in the coming decade, hitting entry-level office roles hardest. Why sink six figures into a general studies degree when microcredentials from platforms like Coursera or Google can certify skills in AI ethics or data analysis for under $500?

This isn’t just numbers on a page; it’s reshaping family decisions and economic realities. Non-graduates now split evenly on college’s value—31% very important, 32% not too—while a Lumina Foundation-Gallup study from earlier this year found 89% of those without degrees still see some credential as worthwhile, just not necessarily the traditional four-year grind. Community colleges and apprenticeships are filling the gap, with 59% of parents hoping their kids pursue some postsecondary path, but only 40% aiming straight for a bachelor’s.

The poll’s timing feels poignant, coming as enrollment dips for a third straight year and stories of underemployed grads flood social media. It’s a reminder that education’s worth lies in what it builds, not the parchment it awards. As Americans weigh options, the old script—high school to college to cubicle—is giving way to something more pragmatic: skills that pay, paths that fit, and futures earned on merit, not loans. If Gallup’s right, this rethink could spark real reform, steering resources toward what works for working families.

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In today’s economy, healthcare costs remain one of the biggest threats to financial stability and family security. Americans work hard to build a better life, yet rising medical expenses can quickly erode savings, force tough trade-offs, and even push families toward debt or bankruptcy. Medical bills continue to rank as the leading cause of personal bankruptcy in the United States, with millions facing underinsurance or unexpected out-of-pocket burdens that no one plans for. Many turn to government-run marketplace plans under the Affordable Care Act, hoping for relief, only to discover that what appears affordable on paper often delivers higher long-term costs, limited real protection, and coverage that may not align with personal values or family needs.

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The allure of marketplace plans is easy to understand: open enrollment periods, premium tax credits for many households, and the promise of “comprehensive” benefits mandated by law. Yet recent data reveals a different reality, especially after the expiration of enhanced premium subsidies at the end of 2025. Enrollment for 2026 dropped by more than one million people compared to the prior year, with many shifting to lower-tier bronze plans to keep monthly premiums manageable.

These plans feature significantly higher deductibles—averaging around $7,500 nationally—and greater cost-sharing requirements. Families who once paid modest amounts after subsidies now face average premium increases of $65 or more per month, even as they accept plans that leave them responsible for thousands in upfront costs before meaningful coverage kicks in.

High deductibles create a dangerous barrier to care. Studies show that people in such plans are less likely to seek timely treatment for chronic conditions, attend preventive screenings, or fill necessary prescriptions. A seemingly minor illness or injury can balloon into major expenses when patients delay care until problems worsen. For a family of four, a single hospitalization, cancer diagnosis, or unexpected surgery can easily exceed the deductible, triggering coinsurance and out-of-pocket maximums that still leave substantial bills. One recent analysis noted that some proposed changes could push family deductibles toward $31,000 in future years, further exposing households to financial risk.

Beyond the numbers, marketplace plans often carry structural limitations. Coverage for certain critical services may include waiting periods or narrower networks that restrict access to preferred doctors and specialists. Preventive care is required to be covered without cost-sharing, but everything else—lab work, imaging, specialist visits, or ongoing treatment—typically waits until the deductible is met. This reactive model contrasts sharply with the proactive, holistic approach many families prefer, especially those focused on wellness, early intervention, and maintaining health to enjoy life rather than merely reacting to illness.

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Ultimately, protecting your family’s future requires looking beyond the marketing of “affordable” government options. By understanding the long-term costs hidden in high deductibles, shifting coverage tiers, and values mismatches, Americans can make empowered choices. Private, values-driven insurance offers a smarter path—one that rewards diligence, supports wellness, and delivers real security. For those ready to move beyond the limitations of traditional marketplace plans, a simple review can reveal options designed to serve families, not bureaucracies. The American Dream thrives when individuals and families retain control over their healthcare decisions, and thoughtful private coverage plays a vital role in making that possible.

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