...we already have an enormously high dropout rate, especially for marginal students. Most of, or at least a lot of the payoff from going to college comes from finishing. And yet, over the last decade or so we’ve had a large rise of the number of people who start going to college, but the fraction that actually finishes has been very flat. So it seems quite likely in a way that this is just going to encourage a lot of people to waste a couple of years of life and get very little show for it.
Thursday, October 25
More people have been starting college, but...
...the fraction that actually finishes college has remained flat. Or so Bryan Caplan argues: