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New Department of Education Rule Makes Accreditors Prove Degrees Are Worth The Cost
The job hasn't changed, but the degree required to get it has. Over the past three decades, one profession after another has raised its educational entry price: a bachelor's became a master's...a master's became a doctorate...a short training course became a year of mandatory classes.
These new requirements are adding years of tuition and borrowing for careers that pay roughly what they paid before the new requirements were added. The labor market simply doesn't pay more because you got more education.
Economists call it degree inflation, and the most surprising part isn't the cost. It's who…
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