Are “too many” people going to college?

I often hear this question. Lisa Barrow and Ofer Malamud posted a new article on "Annual Review of Economics". It is worth reading, but here are some high-level points:

On average, college is a good investment. Internal rate of return is high. Their estimate is less than 5%, and many are much higher

This means that university education (gasp!) For personal reasons, low-interest lending education is a good idea for ordinary students. Probably the most

The university program has the highest rate of return in the range from 5% (educational circle group) to 16.4% (computer and information science woman).

Although the return rate of women and ethnic minorities is low, the amount of returned goods expected by personal characteristics does not change significantly.

We should not be an average student paying these loans, but more concerned about the debt burden of those who make bad decisions and bad luck.

In the article "How many colleges do you go to?", The author believes that the university is a location where they gain better knowledge and education but are overvalued. The author thinks that there are not many people going to college. In fact, I think that more people should go to university. Through this paper, the author supports the overvaluation that most people go to university to attend university, but helps improve their future through work BA is very unacceptable There are few people who actually receive it at the university. The author also proves that the university is overestimated by learning techniques that are easy to learn and educate, such as websites and video chat, and in fact it is easier to learn than university.

Charles Murray is the author of the article "There are too many people attending college." Charles' claim is that so many people go to college. In other words, there is no reason to go to college to put pressure on society and appeal for ambition. Some of them drop out of college and some may not get the job they want. An example of this support is paragraph 4 - 6 on page 7. The author proposes a concrete example of a young man who wants to know whether to become an electrician or a white-collar administrator. The choice depends on whether you are at a university or not. The problem is that this person is mediocre to the skills necessary to become an administrator, but I am good at the skills necessary to become an excellent electrician. Then in paragraph 6, it shows that he earns more money as a better electrician than a mediocre administrator. This shows that not everyone needs to go to college to live a good life.