Monday, September 28, 2009
On the skyrocketing cost of college and why spending more time in school may make our kids more competitive
Finally, add all this to this weekend's "education issue" of the New York Times magazine, always an enlightening read. In David Leonhardt's piece on the real value of a college education he writes this of the college dropout rate and rising tuition:
"Nationwide, half of all students who start college don't end up with a four-year degree. Not only do these dropouts spend less time in class, but they also miss out on the signaling benefit of the degree-a mark of those who, among other things, have the discipline to finish what they start.
"Some would-be dropouts may stay in school if Congress approves a pending proposal to increase Pell Grants to needy students. Still, college tuitions are rising and resources are being cut - two factors that affect graduation rates. Federal spending cushions the blow but isn't large enough to make up for the state cutbacks."
If you want to read the entire piece in the New York Times, just click here.