CHAPTER 1

Problematic Higher Education

With the high cost of a college degree, it is not surprising that the question often asked is: Does it pay to go to college? Although studies have clearly established that there is an economic value of going to college, the reasons why college matters are complex. While, when looking at the time period from 1992 to 2012, young adults who did not attend college were approximately 2.5 times more likely to be unemployed than those who finished college, when recently looking at how college graduates do in the labor market, the results are disappointing (Arum and Roksa 2014). For instance, Arum and Roksa (2014) found that two years after graduation, over half of the graduates not re-enrolled full-time in school ...

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