Some interesting economics going on here:
Tuition is going up at astronomical rates.
31% of millenials will cheapen the salary for all college graduates as it is a huge jump in supply.
The perfect storm
Already happening. Our kid was young when he earned his bachelor's so he went right through to the graduate program and got it out of the way.
He has a good job with a large company...but it was an entry level job in his department (Finance) and you needed a Master's to apply.
They're now saying the Master's degree is the new Bachelor's degree when it comes to landing a decent job.
He worked another job while getting his graduate degree and the pay was abysmal but the next level degree raised his wage by over 50%.
Just search engine Master's is new Bachelor's and you'll find a slew of articles.