The answer depends on what you mean by college.
Source: Is College Tuition Really Too High? – The New York Times
Here is my take after just the 1st Paragraph.
“…it’s useful to start with some figures from 40 years ago…” Indeed it is. Now, let’s look at what that tuition got you then vs. now.
To see what you get, start with the fact that the present gain in critical skills is next to nothing. Forty years ago the gain was one sigma. In other words, critical thinking test scores used to rise from the 50 percentile to the 84th percentile. Now it rises to about the 57th percentile. (From the “Academically Adrift” by Arum and Roksa.)
Anyway you use those figures, the numbers should be disturbing, but maybe not to student “consumers”. After all, the professors only require them to work about 60% as much as before – and they learn more, something validated by the grades the professors give out. (Again, see “Academically Adrift”.)
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