I would be interested if anyone has any views on this debate, the attached article focuses mainly on the English College system, but can be applied to the US college system as well.
The following is the main focus article.
Making it pay
Sep 18th 2008
From The Economist print edition
Is a university degree still worth the time and money it takes?
The Article from the Economist is
HERE. Also there are a number of really good comments made by others, which is shocking since most comments from readers are inane, emotional, or highly political. Perhaps the Economist has a higher grade of reader. Some of the better ones are these--
What People Make III,
PROF, and,
Market Failure. I'm sure there's more.