The Problem With Higher Ed Isn't Too Much Debt, But Too Little Data

By Adam Ozimek. The cost of higher education is a hotly debated topic right now. But as Megan McArdle points out, the average level of student debt is $30,000, but the median is only $12,000. This is more like a car loan than something that should be economically crippling. So what is the problem? Derek Thompson has a good post explaining why focusing on student debt misses the point. Instead, he argues, we should think of it as largely a bunch of marketing problems. More...