Con

Too many students earning degrees has diluted the value of a bachelor’s degree.

Rita McGrath, PhD, Associate Professor at Columbia Business School, stated “Having a bachelor’s used to be more rare and candidates with the degree could therefore be more choosy and were more expensive to hire. Today, that is no longer the case.” [68] A high unemployment rate shifts the supply and demand to the employers’ favor and has made master’s degrees the “new bachelor’s degrees.” [68] According to James Altucher, venture capitalist and finance writer, “college graduates hire only college graduates, creating a closed system that permits schools to charge exorbitant prices and forces students to take on crippling debt.” [69]

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