Overrated is putting it kindly

Marty Nemko tells it like it is in the Journal of Higher Education, "America’s Most Overrated Product: the Bachelor’s Degree"

Among high-school students who graduated in the bottom 40 percent of
their classes, and whose first institutions were four-year colleges,
two-thirds had not earned diplomas eight and a half years later. That
figure is from a study cited by Clifford Adelman, a former research
analyst at the U.S. Department of Education and now a senior research
associate at the Institute for Higher Education Policy. Yet four-year
colleges admit and take money from hundreds of thousands of such
students each year!

Even worse, most of those college dropouts leave the campus having
learned little of value, and with a mountain of debt and devastated
self-esteem from their unsuccessful struggles. Perhaps worst of all,
even those who do manage to graduate too rarely end up in careers that
require a college education.

I see dozens of these kids everyday, and wonder "What are they doing here?"

Tip from the Instapundit.