For the past couple of years, I have been presenting at multiple conferences and to groups of parents about college ROI and, in doing so, have often referenced the "ONE TRILLION" figure that has been popularly pointed to in the media as an indicator of a perceived higher education 'bubble'. If you have read this blog, than likely you know that the trillion dollar figure refers to national aggregate student higher education debt. My argument has been that people are misreading the figure and not putting it into context, keeping in mind that it is the result of more students going to college and includes graduate school debt (including people like the beautiful and talented Dr. Wife's medical school debt) and not an increase in the cost of higher education to individual students. It appears from this article that some folks finally caught on:
http://www.newamerica.net/publications/policy/the_graduate_student_debt_review
More and more are climbing on the bandwagon to debunk the current media obsession with suggesting college might not be worth the investment, including Google CEO Eric Schmidt:
http://techcrunch.com/2014/03/16/googles-eric-schmidt-on-critics-who-say-college-isnt-worth-it-theyre-just-wrong/
Is this the beginning of the end of this decade's attack on higher education? We can only hope.
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