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

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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:

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

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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. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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