a) He compares a 300k education over 4 yeards with an average master degree income. I have no idea about prices in the US but i would be very surprised if the d

a) He compares a 300k education over 4 yeards with an average master degree income. I have no idea about prices in the US but i would be very surprised if the decent, but not stellar schools have a 50k/year tuition (using 100k as living expenses). b) We have the same discussion in germany where universities are free. The general consensus about getting a degree seems to be that it is barely worth it (considering opportunity cost and taxes on higher income). c) I think we see a shift in the value of college degrees and need to change our mindset. In the old days only a small percentage of the population had a degree, yielding a guaranteed job and good career opportunities. Today nearly everybody has a degree and therefore the value goes down. I think people have to learn that a degree is not the road to riches and that they actually have to work and learn to get a good job. Another myth is this: I can have the same job my father had and he didnt need a college degree. That is just plain wrong. To do the same job your father did, you need a much higher education today. Accountant with a short certificate in the old days become B.A. in economics today. Simple configuration which might be done by a clever industrial mechanic in the 60s need a complete engineer degree today.