That is the title of a just released book by William Bennett. Timely. The book review in the Wall Street Journal is particularly good with respect to the provision of data...
1. The cost of a college degree has, since 1990, risen four times the rate of inflation.
2. Pay for college grads has fallen 5% since 2007.
3. Nearly half of all grads work at jobs that do not require a college degree.
Read the whole review.
I particularly liked that Bennett has addressed the ballooning administrative costs associated with college. From 1993 to 2007, per-student administrative costs leapt more than 61%.
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