Every week I hear from recent college graduates who question the value of their higher educations. They are indebted, un- or underemployed, and horribly discouraged.
But they would most likely be much, much worse off if they hadn’t gone to college.
That’s partly because their opportunities as the economy recovers will expand exponentially. But even today, they are faring much better than their less educated brethren. According to Friday’s Labor Department report, the unemployment rate for college graduates was just 3.7 percent in January. That is less than half the rate for those with no more than a high school diploma (8.1 percent).