I suppose the title of this should be "grad school doesn't make you money". You can make excellent cases for and against this, especially for the IT crowd. As

I suppose the title of this should be "grad school doesn't make you money". You can make excellent cases for and against this, especially for the IT crowd. As a high school dropout, I certainly had no issues with making money in the tech sector. Going to collage expressly to increase my market value would be a silly idea. That's not why I went back to school. I went seeking a new challenge, and found that I could do (most of) it alongside a nice IT salary. I picked a major completely unrelated to IT. I studied abroad in Holland (and helped an NGO with their IT needs). I came back to the US, worked for another year in IT, and then opted to return to Amsterdam for an accelerated masters program. I have no idea what is going to happen next. I may stay in Europe, I may move back. I may work in IT, but I may be doing it in a new context. Soon I will have two degrees, and tons of writing/planning/speaking/collaborating experience (both from my work experience and in an academic setting). Add to that a new language, global friend network, and the ability to easily live and work on two continents, and that's not too bad. A cost/benefit analysis on grad school can never be representative, because the experiences, skills, and research can't be quantified. You might become interested in a new field, create an operating system (see Linus Torvalds' masters thesis), or meet your future wife. So yes, I agree with some of the points in the article, but I disagree with the premise.