A Bachelor's Degree "Overrated"

Here's an interesting read on a topic I find increasingly depressing: "America's Most Overrated Product: A Bachelor's Degree".

Part of the problem seems to be our habit of measuring higher education success by the number of kids getting into college. We would be better off with fewer people going into traditional four-year degree programs and the rest going into direct career-training programs that are appropriate to their interests and abilities. Instead, colleges are taking in more students than they can reasonably hope to educate, the students getting in are less likely to succeed, tuition rates are running rampant, families are being swamped with debt that will take years to erase, and the federal government is facing increasing demands to pay for it all.