The College Calculation

David Leonhardt:

The most subversive question about higher education has always been whether the college makes the student or the student makes the college. Sure, Harvard graduates make more money than graduates of just about any other college. And most community-college students will end up making far less than graduates of flagship state universities. But of course these students didn’t enter college with the same preparation and skills. Colleges don’t help to clear up the situation either, because they do so little to measure what students learn between freshman and senior years. So doubt lurks: how much does a college education — the actual teaching and learning that happens on campus — really matter?
A recession makes such doubt all the more salient. Last month, National Public Radio ran a segment called “http://www.npr.org%2Ftemplates%2Fstory%2Fstory.php%3FstoryId%3D112432364“>Is a College Education Worth the Debt?” in which an economist noted that 12 percent of mail carriers have college degrees — the point being that they could have gotten the same jobs without the degrees. In January, “20/20” ran a similar segment, in which somebody identified as an education consultant and a career counselor summed up the case against college. “You could take the pool of collegebound students and you could lock them in a closet for four years,” he said, and thanks to their smarts and work ethic, they would still outearn people who never went to college. I heard a more measured version of these concerns when I recently sat down with a group of college students. They were paying tuition and studying hard, and yet they weren’t sure what they would find on the other side of graduation.