Monday, June 27, 2011
An excellent article in the much maligned New York Times this weekend by David Leonhardt defends the case for going to college. He says the anti-college for the masses argument ends up being an elitist one, for me and not for thee. He notes the parallels between this debate and the debate about high school for the masses that occurred at the end of last century. The American cultural decision, high school en masse, has been widely validated, especially when compared to parts of Europe.
More education for all! How can we disagree. Leonhardt quotes a recent study by The Hamilton Project, showing that college tuition has delivered an inflation-adjusted annual return of more than 15%; for the stock market, the historical return is 7%, for real estate, it’s less than 1%.
Read his whole piece here.
Thanks to Lyneka for pointing us this way.