The cost of tuition is soaring, outpacing the cost of living in most countries. Last year, tuition and fees at US public universities soared 8.3 percent, twice the rate of national inflation. With total student debt estimated at $1 trillion, we wonder: Is a college degree still worth it?

Last year, two-thirds of graduates left college with an average of $25,000 in debt while 9.1 percent of fresh graduates struggled to find jobs.

Yet, a recent study by Georgetown University suggests that a bachelor's degree is worth $2.8 million over one's lifetime and college graduates can expect to earn 84 percent more over their lifetimes than those without college degrees.

College is expensive, but is it also overrated?

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