A former boss of mine used to rail about how underwhelming many college graduates were as employees. He once told me that he would consider hiring people with a degree if he could. At first, I doubted him. Over time, as I've seen the cost of college increase, I've been wondering students are getting value. Marty Nemko clearly states the trouble with higher ed today in this opinion piece (via Instapundit). Students are paying dearly while often not seeing a return on investment. College is becoming more expensive and its taking longer. While I agree with a lot of his points, I would add that students are to blame partially for their lack of interest and that universities are investing a lot of time and resources in bringing incoming students up to a university level.
Nemko offers some intriguing suggestions. Hopefully, others will join him and we can on higher ed reform instead of providing funds for everyone to go college, seemingly with no strings attached.