Is College Worth It?

[Haua (Projects Ningmaster)]

In which John ponders whether a college degree is worth the high tuition, student loans, opportunity cost, and low-paying entry-level positions involved. Is the cost involved worth the returns? Is this even a simple economic question, or are there intangible benefits that come along with education?
The RoxinPunch in question: http://www.youtube.com/roxinpunch

[Theresa]

I graduated with my B.A. in Literature a little over a year ago, and I'm returning to my home institution to start on my Master's Degree in Mass Communications on Monday. I attended my departmental orientation today, and I have everything in line - my assistantship, my loans, the best financial aid I could manage, and a better job in my field to begin soon (and get me out of the mess I'm in now). For the past three weeks I've been in knots about whether or not this was all worth it, and if digging myself into about 40K in loans was worth it with all the stress and anxiety that comes with getting a Master's but this (for now) has made me feel so much better. Sometimes you need to hear that there are risks worth taking.