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Too Many College Graduates?

The AP reports on a growing sense among policy wonks that too many Americans are going to four-year colleges, to the detriment of society as a whole: "The more money states spend on higher education, the less the economy grows." "The notion that a four-year degree is essential for real success is being challenged by a growing number of economists, policy analysts, and academics. They say more Americans should consider other options, such as technical training or two-year schools, which have been embraced in Europe for decades. As evidence, experts cite rising student debt, stagnant graduation rates, and a struggling job market flooded with overqualified degree-holders. ... The average student debt load in 2008 was $23,200 — a nearly $5,000 increase over five years. Two-thirds of students graduating from four-year schools owe money on student loans. ... [A university economist said,] 'If people want to go out and get a master's degree in history and then cut down trees for a living, that's fine. But I don't think the public should be subsidizing it.'"

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  1. Re:Why not high school? by Oyjord · · Score: 5, Informative

    A history degree doesn't provide anything past what you could get from an online, verified information source (I dare not say Wikipedia of course). If you're intelligent, you'll be able to comprehend whatever historical issue interests you, and have no need to spend 4 years on it.

    As a history professor, I can safely say it's that kind of thinking that leads students to not come to lecture and instead rely on the interwebs when it comes time to study for exams.

    Of course those students fail miserably, while those who attend lecture do much, much better.