The Tragedy of “College for Everybody”

A bachelor's degree has been sold as a "must-have" for all Americans. Despite the high cost, the evidence clearly shows that those who graduate with vocationally-relevant degrees from good schools can receive a high return on investment. However, the story is entirely different for those who choose the wrong school or wrong major. Worst of all, those who spend their time and money pursuing a degree but never graduate are especially big losers. Why are so many young people getting such a bad deal? What are the implications? What are the alternatives? We'll provide the a.....

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