Wednesday, October 27, 2010

Sorry, Mr. President, We Really Don’t Need 8 Million More College Graduates - CNBC

Sorry, Mr. President, We Really Don’t Need 8 Million More College Graduates - CNBC

Too many college graduates? That may be, and the fact that some college grads are working as parking lot attendants would seem to corroborate college perhaps not having been a very good investment. It may also be that we're simply producing the wrong kinds of college grads, and that different degrees create more social welfare than others. Perhaps states shouldn't be subsidizing in-state English degrees as much as in-state Engineering degrees. Or perhaps states should subsidize graduates who stay in-state after college, rather than simply reward those than happen to have lived there. Or perhaps the feds should offer different interests rates on federal loans to different degree programs.
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