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America's Most Overrated Product: the Bachelor's Degree. →
“Colleges trumpet the statistic that college graduates earn more than nongraduates,” explains Marty Nemko, “but that’s terribly misleading. You could lock the collegebound in a closet for four years, and they’d still go on to earn more than the pool of non-collegebound — they’re more motivated and have better family connections… So it’s not surprising that you’re likely to meet workers who spent their family’s life savings on college, only to end up with a job they could have done as a high-school dropout.”
If The Chronicle of Higher Education is saying it, it must be true!
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