September 4th, 2014
It's time to stop debating the value of a college education, say a pair of professors from New York University and the University of Virginia. Instead, they say in a new book, parents and employers should ask whether schools are doing much to help students become productive adults.
Sociologists Richard Arum and Josipa Roksa tracked more than 1,600 students during college and about 1,000 for two years after their 2009 graduation dates. Their findings are dismaying: Of the students who didn't go immediately into graduate school, slightly more than a quarter earned above $40,000 a year in a full-time job two years after graduation. Nearly three-quarters relied on their parents for at least some financial assistance.
Profs. Arum and Roksa, from NYU and UVA, respectively, have stinging words for American colleges.