More and more American students are now seriously weighing the worth of a degree against the high price of tuition and college expenditures.

As a result, the actual relevancy of degrees to the job market is becoming an increasingly important factor.  And, new study confirms the warnings offered by those monitoring the Higher Education Bubble for some time.

The majority of working adults with a bachelor’s degree or higher level of education think none or only some of what they learned in college is applicable to their current position, according to a recent University of Phoenix survey.

Of the 1,600 employed adults who responded to the online survey, 7 percent think all of what they learned in college is applicable. At the other end of the spectrum, 13 percent think none of what they learned applies to their current position, while about half — 51 percent — said only some of what they learned is applicable.

Among the workers with graduate degrees, however, nearly half said they use all or most of what they learned in college in their current position.

Harris Interactive conducted the survey April 18-26 on behalf of University of Phoenix. It includes responses from working adults across the United States.

“The survey suggests the need for higher education to adapt to the needs of the market and prepare students for specific jobs and careers,” said Sam Sanders, college chair for the University of Phoenix School of Business. “There is significant progress being made in America to tie curriculum to careers earlier in a student’s education, but there is still a lot of work to be done to prepare college graduates for specific careers and grow a more competitive workforce.”

The survey also found that about three-quarters of working adults have regrets regarding their education, the most common being not pursuing more of it.

Fifty-eight percent of working adults without bachelor’s degrees regret not taking their education further, compared with 32 percent of bachelor’s degree recipients.