Is a college degree’s worth best measured by the income its recipient makes 5 or 10 years down the road? Is college primarily a catapult to wealth? These were questions implicitly raised by President Obama’s recent proposal that the federal government look at graduates’ earnings when rating schools in an effort to steer students toward the best ones.
Is time in the military, in a store or at home with children comparable to time in a classroom, and should it count in some way toward a degree? There are university administrators who think so and who are trying to increase “completion rates” — the percentage of students who make it all the way to degrees — by giving credit for experiences far away from campus, so that students have a less lengthy, costly route to a diploma.