Declining Value of a College Degree

Most people associate the concept of inflation only with the economy, but
writing in the May issue of The Freeman,
George Leef explains that he sees similarities in the declining value
of a college degree. The culprit, in large part, is heavy subsidy of
college costs through low tuition. “At the end of World War II,” he
writes, “only about 13 percent of students who graduated from high
school went on to college; today that figure is about 70 percent.” The
result is that a college degree, once acquired by only a few, is now a
mass-produced product. The fascinating commentary will soon be posted here, on the web site of the Foundation for Economic Education.