Miami Herald

College Pays Off, But Not Like It Should - Commentary

May 19, 2017

Neal Mccluskey, director of the Cato Institute’s Center For Educational Freedom, writes: If you are prepared for college-level work, and especially if you intend to major in something in demand in the economy, by all means go to college. The price you will be charged will be inflated, but the investment will still pay off. If you are unprepared for college, however, or plan to major in a field with few job prospects, you should really think twice.
So is college worth the money? Thanks to massive, distorting subsidies extracted from taxpayers, that is a far tougher question to answer than it should be. For those who are truly ready for college and are focused on in-demand fields, it almost certainly is, even if it should cost far less. For everyone else? It is a far more dicey proposition.

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