The Value of a College Degree

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.

http://www.nytimes.com/2011/06/26/sunday-review/26leonhardt.html?_r=1&scp=2&sq=dave%20leonhardt&st=cse

"5 Responses to "The Value of a College Degree"

  1. Scott Burtness says:

    Very interesting article, and I agree with many of the points raised. The US Dept of Labor numbers back up the fact that a college degree increases earning potential and also employment stability. However, we as a country are still faced with a middle class whose inflation-adjusted income has remained flat over the past few decades. Do you think that increasing college graduation rates will help dent the income gap between the middle class and the wealthy? According to data processed by Mother Jones, most income groups have barely grown richer since 1979. But the top 1 percent has seen its income nearly quadruple (http://beta.news.yahoo.com/blogs/lookout/separate-unequal-charts-show-growing-rich-poor-gap-20110223-141311-132.html) Will expanding and improving higher education help change this unfortunate reality?

  2. Nuno Andrade says:

    The Student Loan Corporation had a recent infographic on the ROI of particular majors. At the end of the day, it’s the major that will determine the career, although the school you go to has a lot to do with the type of job you have as well. Take a look at the SLC infographic here: https://www.studentloan.com/pay_for_college/roicollegemajors.htm.

  3. construction livingston county says:

    That is the fitting weblog for anybody who needs to search out out about this topic. You notice so much its nearly onerous to argue with you (not that I really would need…HaHa). You undoubtedly put a new spin on a subject thats been written about for years. Nice stuff, just nice!

  4. Trident Military University says:

    It’s been proven that college graduates generally earn significantly more than non-graduates over the course of a lifetime. A university degree is definitely worth it.

  5. medical-jobs-in-usa says:

    Another nice article once again. I like your writing model and the way you current your information. You actually are a favourite of mine to read. Sustain the way you do! Thanks!

Leave a reply

Let us know what you think. All comments will be reviewed prior to going live. Comments that are profane or obscene, or unrelated to the topic of the post will not be published.