Degrees from different higher education institutions are not all equal in value. Some institutions provide degrees that are worth the cost. Others do not.
The value of a university degree depends on the institution awarding the degree. A degree from Oxford, Cambridge, Harvard or MIT is worth the high cost of obtaining them because the best-paid jobs are often given to graduates from these universities. On the other hand, a degree from an unimpressive higher education institution will lead to fewer employment opportunities and may not be worth the large costs. Considering roughly 16% of graduates have a debt to income rate of over 20% from their student loans alone, the costs of college are potentially crippling should they not pay off in terms of one's career.
[P1] Different universities unlock different employment and earning prospects. [P2] Not all universities unlock enough opportunities to warrant the cost. [P3] Therefore, the value of a university degree depends on the institution.