In the article, Megan McArdle begins by addressing that a college education is wonderful, and yet families investing so much in this supposedly essential good. Maybe it’s time to ask the question: is all this investment in education worth it?
McArdle first, states Donald Marron, a private-equity investor says, “ If you’re in a position to be able to pay for education, it’s a bargain.” Education has gotten a whole lot more expensive, and jobs are scarcer, not more plentiful. The average price of all goods has risen nearly 50 percent. But the price of a college education has doubled. College costs risen 4 percent a year over inflation. The Government has increased Aid, subsidized loans. Economist Bryan Caplan, agrees: “It’s a giant waste of
McArdle first, states Donald Marron, a private-equity investor says, “ If you’re in a position to be able to pay for education, it’s a bargain.” Education has gotten a whole lot more expensive, and jobs are scarcer, not more plentiful. The average price of all goods has risen nearly 50 percent. But the price of a college education has doubled. College costs risen 4 percent a year over inflation. The Government has increased Aid, subsidized loans. Economist Bryan Caplan, agrees: “It’s a giant waste of