As the cost of college tuition continues to rise, a new survey reveals that over half of college graduates within the past decade do not think the cost of their degree was worthwhile.

A new national survey released by Gallup-Purdue Index revealed that just 38 percent of alumni with Bachelor's degrees strongly agree that seeking higher education was worth the hefty cost. The poll, which surveyed 30,000 Americans who graduated within the last 10 years, also shows that only 1 in 3 grads with debt strongly agreed that their education justified the expense.

According to the survey, 52 percent of graduates from public universities strongly believe that their education was worth making a financial commitment, compared to 47 percent of grads from private institutions. Meanwhile, grads who attended Ivy League and prestigious schools were no more likely to be satisfied with their degrees than students who attended state schools.

The study also shows that recent graduates are even more pessimistic about their degrees as only 38 percent of alum who graduated between 2006 and 2015 think that their college experience justified the cost.

"Given that higher education has become one of the largest financial investments a person will make over their lifetime, it's a bit alarming that only half of all graduates strongly agree their education was worth the cost," said Brandon Busteed, Gallup's executive director for education and workforce development, according to CBS News. "Clearly, we all need to work harder on improving quality and reducing cost as much as possible."

To make matters worse, the Federal Reserve Bank of New York reports that the average wage of workers with a bachelor's degree declined 10 percent since 2000, The Washington Post reports.

"Having a B.A. is less about obtaining access to high-paying managerial and technology jobs and more about beating out less-educated workers for the barista and clerical job," according to a 2014 study.

"Looking at the actual return on the costs of attending college, careful analyses suggest that the payoff from many college programs -- as much as one in four -- is actually negative. Incredibly, the schools seem to add nothing to the market value of the students," added Peter Cappelli, the author of "Will College Pay Off?: A Guide to the Most Important Financial Decision You'll Ever Make."

In conclusion, the survey found that students were more likely to consider the cost of college worthwhile if they believe professors cared about their wellbeing. The likelihood of being satisfied was also higher for grads who had a mentor during their time in college.