Ruh-Roh. College Bubble Exposed

There have been almost too many 'bubbles' to track: "tech", housing, metals, and lotsa little sub-bubbles.

Now, college costs.

Mark Schneider, vice president of the American Institutes for Research, conducted a study for the American Enterprise Institute that pours cold water on that figure, says the John W. Pope Center for Higher Education.

• He found that average lifetime earnings advantage for college graduates is well below the million-dollar figure when forgone wages and the cost of a college education are factored in.
• Incorporating those figures and using the Department of Education's 2003 Baccalaureate and Beyond Longitudinal Study, Schneider estimated that the lifetime earnings advantage for college graduates ranges from $150,000 to $500,000.
• The differences reflect earnings from open admissions schools to selective private schools.

And there's more.

Maybe UW-Zero should fire its doper-prof--but it might be because attendance (and tuition revs) drop like a rock when people read the study.

HT: Insurrection