How big a waste?

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Over at the Daily Beast, Zac Bissonnette raves about "Why college is a waste of money." Looking at it from the other end of the lectern, I agree completely.  But his numbers are a little vague, so how’s about refining the estimate?  A quick check of websites for UTSA, UT Austin, and TCU reveal that recent graduation rates are out there (it seems to be an NCAA requirement), so I smell a sampling problem for my spring Applied Statistics class.   Hmmm, I love the smell of statistics in the morning.

Tip from that Scourge of the North, Mark Steyn, at The Corner.

Update (23 December).  Steyn posts a reader’s nitpick, that some students drop out after only a few years.  Yeah, but, some hang around for years; that’s why Texas has, by law,  the three-attempt rule.


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