What’s the value of a college degree? Literally. In the September 14 issue of the New York Times, James Stewart (’73) unpacks a new metric for measuring the value of our colleges: alumni income. As Stewart details, the rankings that we have come to know through U.S. News and World Report don’t necessarily align with those put together by PayScale.com, a site that calculates the worth of an institution based upon such metrics as: average earnings of graduates, return on investment, and percentage of graduates holding jobs with “high meaning.” PayScale’s rankings comport well with the growing concern about the cost of higher education and the increasing debt load that many graduates are carrying. But what does tis mean for the way we understand the value of a college education as something more than a stepping stone to a specific career?
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