Tuition isn't rising as quickly as people think it is, and college graduates are doing much better in today's economy than people without a postsecondary degree, writes Jordan Weissman in an argument against fears that the college "bubble" is about to burst.
While it is still worth exploring solutions to improve higher ed, we should avoid alarmist arguments that college is about to meet the same fate as tulips and credit default swaps:
Writes Weissman:
"In spite of the country's growing load of education debt and the rough job market for recent grads, most students who make it through with a diploma are getting their money's worth. The problem isn't that higher ed has turned into a bubble that's ready to deflate as the market sours on its prospects; it's that the system might be working just well enough to continue business as usual without some much needed changes."
Read the full essay
here.