Last updated on: 12/6/2013 | Author:

Megan McArdle, MBA Biography

Special correspondent for Newsweek and The Daily Beast
Con to the question "Is a College Education Worth It?"

“Mythomania about college has turned getting a degree into an American neurosis. It’s sending parents to the poorhouse and saddling students with a backpack full of debt that doesn’t even guarantee a good job in the end…

Why are we spending so much money on college?

And why are we so unhappy about it? We all seem to agree that a college education is wonderful, and yet strangely we worry when we see families investing so much in this supposedly essential good. Maybe it’s time to ask a question that seems almost sacrilegious: is all this investment in college education really worth it?

The answer, I fear, is that it’s not. For an increasing number of kids, the extra time and money spent pursuing a college diploma will leave them worse off than they were before they set foot on campus.”

“Is College a Lousy Investment?,” Newsweek,, Sep. 9, 2012

Involvement and Affiliations:
  • Columnist, Bloomberg View, July 15, 2013
  • Correspondent, Newsweek and The Daily Beast, June 2012-June 2013
  • Former writer and editor, The Atlantic, 2007-June 2012
  • Writer, The Economist, 2003-Aug. 2007
  • Blogger, “Live from the WTC” (renamed “Asymmetrical Information” in Nov. 2002), Nov. 2001-June 2013
  • MBA, Booth School of Business, University of Chicago
  • BA, English, University of Pennsylvania
  • None found
Quoted in:
Pro & Con Quotes: Is a College Education Worth It?