The Value (or Lack Thereof) of a College Education

I’ve written previously about my disappointment with the value of a college education.  Now I found this very well written article entitled, “America’s Most Overrated Product: the Bachelor’s Degree”.  A few excerpts:

Among high-school students who graduated in the bottom 40 percent of their classes, and whose first institutions were four-year colleges, two-thirds had not earned diplomas eight and a half years later…

Only 23 percent of the 1.3 million high-school graduates of 2007 who took the ACT examination were ready for college-level work in the core subjects of English, math, reading, and science…

Research suggests that more than 40 percent of freshmen at four-year institutions do not graduate in six years…

44.6 percent said they were not satisfied with the quality of instruction they received. Imagine if that many people were dissatisfied with a brand of car: It would quickly go off the market…

It’s often wise to choose the college that requires you to pay the least cash and take out the smallest loan. College is among the few products that don’t necessarily give you what you pay for — price does not indicate quality.

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