So does college raise incomes? Is it an investment good enough to make widely accessible?
Yes, it is. Period. Usually, this would be the part of the article where I note that there’s disagreement and perhaps a slight weighting of evidence to one side or the other. I won’t. Even McArdle and other college skeptics acknowledge that the average college graduate today will make far more over the course of his or her life than the average high-school graduate who doesn’t attend college. And the bulk of the information indicates that college really is the cause. Going to college means you make more money than you otherwise would, and that benefit far, far outstrips its upfront price. ~Dylan Matthews