June 27, 2011
Interesting piece by David Leonhardt in the new Sunday Review section of the New York Times on the value of a college degree. It quotes an MIT economist saying: “Sending more young Americans to college is not a panacea. Not sending them to college would be a disaster.” It also cites an important analysis by the Hamilton Project which found that college tuition in recent decades has delivered an inflation-adjusted annual return of more than 15%. Compare that with stocks (7%) or real estate (1%).
While Capella is primarily a post-graduate institution, this piece provides an important context as we look to extend access while maintaining standards of quality. It’s worth a read.