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University of North Carolina at Chapel Hill

The high cost of not investing in U.S. colleges

The high cost of not investing in U.S. colleges

Americans are right to be worried about the ever-rising cost of college and student debt. The U.S. Department of Education's recently-released College Scorecard is an attempt to quell this anxiety by providing accessible data on the costs and outcomes for colleges across the nation. The idea is to help students better understand what they're getting into. Certainly, efforts to improve transparency and empower students are laudable. Unfortunately, they do not address the heart of the problem.

The costs of college are disquieting for middle-class America not because they are hard to decipher. Rather, it has become all too clear to most...