More College Degrees

More people have college degrees now, than ever before.

FOX News Radio’s Steve Knight reports on the new high:

College completion had been slowing for more than 20 years, until last year. In 2012, more than 33% of Americans between 25 and 29 had at least a bachelor’s degree — a record high. Back in 1995 it was 24%.  It was 22% in 1975, according to the National Center for Education Statistics.

The New York Times reports that the increase can be credited to a sharp rise in college enrollment, caused largely by the recession, and improvements by colleges in graduating students.

The value of a college degree is easily seen in the unemployment rate.  It’s about 12% for high school graduates who don’t go to college.  It’s about 3% for college grads.

Steve Knight, FOX News Radio.