Sunday, June 24, 2012

Do we need a revolution in higher education? - William J. Bennett, CNN

Given the dismal reality facing college graduates, perhaps the future of higher education will have to change. In some cases, a college diploma may no longer guarantee the high potential lifetime earnings it once did. An online salary ranking system called PayScale.com calculates a student's 30-year return on investment at the top 1,300 colleges nationwide based on average alumni salary and tuition costs. Their recently issued 2012 report suggests that out of the 4,500 colleges and universities in the nation only the top 800 to 850 give you an annual return on investment greater than 4%. In pure financial terms, students might be better off investing their tuition money in stocks rather than four years with one of our nation's many colleges.

http://www.cnn.com/2012/06/13/opinion/bennett-higher-education/index.html