Archive for 2013

WHAT’S A COLLEGE DEGREE WORTH?

In the end, there’s no such thing as a sure bet. When you graduate from college, you won’t find employers handing you jobs. You’ll still need to work. And you’ll still need some luck. A college education for most of us is simply pretty sound investment despite rising costs.

So the question really shouldn’t be whether or not we should go to college. We all should. The question now should be: How do we make college affordable and available to everyone? That is a question that’s not so easy to answer.

Really? We all should? Coming from an educator, some might consider this a trifle self-serving.

MEGAN MCARDLE: Why Is The Golden Age of Television So Dark? “We are in a golden age of television, I am told, where television shows are taking the risks, doing the interesting things that are no longer possible in movies that need so many tens of millions of dollars to cover the cost of production and marketing. I largely agree with this assessment. So what does it say about modern society that it considers shows about meth cookers, crack dealers and gangsters to be the finest mass market entertainment we can produce?”

Related: Has America Seen Its Best Days?

HIGHER EDUCATION BUBBLE UPDATE: The Real Reason College Costs So Much.

Today, only about 7% of recent college grads come from the bottom-income quartile compared with 12% in 1970 when federal aid was scarce. All the government subsidies intended to make college more accessible haven’t done much for this population, says Mr. Vedder. They also haven’t much improved student outcomes or graduation rates, which are around 55% at most universities (over six years).

Mr. Vedder is skeptical about the president’s proposal to tie federal aid to graduation rates, among other performance metrics. “I can tell you right now, having taught at universities forever, that universities will do everything they can to get students to graduate,” he chuckles. “If you think we have grade inflation now, you ought to think what will happen. If you breathe into a mirror and it fogs up, you’ll get an A.”

A better idea, Mr. Vedder suggests, would be to implement a national exam like the GRE (Graduate Record Examination) to measure how much students learn in college. This is not on Mr. Obama’s list.

Nope. It’s about subsidies, redistribution, and control. Not outcomes.

IN THE MAIL: From John Lambshead, Wolf in Shadow.