Do those ROI calculations include the cost of borrowing? I'd expect they don't - and if not, it means that most degrees are no longer worth it if you have to bo

Do those ROI calculations include the cost of borrowing? I'd expect they don't - and if not, it means that most degrees are no longer worth it if you have to borrow a significant portion of the money. With federal loans ranging between 6-8.5% (last I looked) it means that for the first 10-20 years, the government is the one capturing the gains from many people's college educations. There may well still be a positive ROI for some degrees but the loan picture means it comes on a much longer timeline, doesn't it?