Comment by timtas

A big part of this is that too many kids are going to college. Less than 2/3 who begin a 4-year degree program will graduate.

We’re pushing kids who are not suited to higher education into it because of credential inflation. As more kids get a certain level of credential, others are forced to seek those credentials to keep up. It’s a tragically wasteful way to signal fitness to employers.

This has been spurred on by government loan guarantees and other means of assistance, which create demand, which drives prices up. The universities don’t escape blame here. The author is getting these ludicrous pep talks from administration because they must play the charade to keep business booming. Nothing more. They’re selling a crap product to people who don’t benefit from it.