Walter Williams: Is College Education Worth It?

Walter Williams reports:

August is the month when parents bid farewell to not only their college-bound youngsters but also a sizable chunk of cash for tuition. More than 18 million students attend our more than 4,300 degree-granting institutions. A question parents, their college-bound youngsters and taxpayers should ask: Is college worth it?

Let’s look at some of the numbers. According to the National Conference of State Legislatures, “when considering all first-time undergraduates, studies have found anywhere from 28 percent to 40 percent of students enroll in at least one remedial course. When looking at only community college students, several studies have found remediation rates surpassing 50 percent.” Only 25 percent of students who took the ACT in 2012 met the test’s readiness benchmarks in all four subjects (English, reading, math and science). Just 5 percent of black students and 13 percent of Hispanic students met the readiness benchmarks in all four subjects. The NCSL report says, “A U.S. Department of Education study found that 58 percent of students who do not require remediation earn a bachelor’s degree, compared to only 17 percent of students enrolled in remedial reading and 27 percent of students enrolled in remedial math.”

Stubborn facts.