Higher Ed's Problem: They Keep Charging More For Something Worth Less

College degrees are declining in value, but you don’t have to take this conservative critic of higher education’s word for it. Here’s a chart from the Progressive Policy Institute showing income levels for Americans age 25 – 34 with a college degree.

Note that the downward trend begins well before the 2009 economic collapse and our current national job market malaise:


Meanwhile, here’s the trend line for tuition costs:


Soaring costs and declining or stagnant value is the definition of a bubble. And, as is usually the case, what’s driving this bubble is government policy aimed at promoting higher education. Just as the problem with the housing bubble was government policy promoting home ownership.

Rob Port is the editor of SayAnythingBlog.com, a columnist for the Forum News Service, and the host of the Rob (Re)Port on Fargo-based WDAY AM970 from noon-2pm weekdays.

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