In their forthright and provocative new book “Is College Worth It?,” former secretary of education Bill Bennett and coauthor David Wilezol set out to “expose the cold reality and empty rhetoric of much college education.” Why is the average cost-benefit ratio of college deteriorating? Bennett and Wilezol observe, “Just as real estate agents and home builders benefitted from the massive influx of easy money . . . so do colleges and universities,” while their “administrative bloat increases.” The college campus, “with [its] drinking, drugs, partying, sex and sometimes learning,” is producing “a glut of BA holders” at a high cost that is sometimes worth it and sometimes not.
“College should come with a bright red warning label: Warning! High risk of debt and unemployment,” they suggest. The book presents a number of fundamental ideas about how to reduce the cost and increase the value of higher education.
At this event, Bennett and Wilezol will present their book, higher education finance experts Richard George, Representative Tom Petri, and Richard Vedder will provide discussion, and a coffee reception and book signing will follow.
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