My valuable, cheap college degree

National School Choice Week is coming to a close, and while the focus is on K-12 what about the choice and options available in higher education? College costs have skyrocketed - in 2011 the average tuition for one year at a private university was almost $33,000.Ballooning student loan debt, an impending college bubble, and a falling return on the bachelor's degree all scream out for entrepreneurial solutions, but does one exist?

AEI President, Arthur Brooks writes in today's New York Times about a proposal gaining steam, the $10,000 college degree - the so called '10k- BA'. This idea is inching closer to becoming a reality by governors in Texas, Florida, and Wisconsin, but is not without its critics who view it as leading to 'diploma mills' diminishing the value of a higher education degree.

Brooks notes:
“I possess a 10k-BA, which I got way back in 1994. And it was the most important intellectual and career move I ever made. Did I earn a "worthless degree"? Hardly. My undergraduate years may have been bereft of frissons, but I wound up with a career as a tenured professor at Syracuse University, a traditional university. I am now the president of a Washington think tank....It is true that I am no Harvard Man. But I can say with full confidence that my 10k-BA is what made higher education possible for me, and it changed the course of my life. More people should have this opportunity, in a society that is suffering from falling economic and social mobility.”                                                                                                             

To arrange an interview with AEI President, Arthur Brooks, or an AEI education scholar please contact a member of the media team at [email protected] or (202.862.5829).

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Thursday, October 02, 2014 | 9:00 a.m. – 10:30 a.m.
Campbell Brown talks teacher tenure

We welcome you to join us as Brown shares her perspective on the role of the courts in seeking educational justice and advocating for continued reform.

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Harnessing the power of markets to tackle global poverty: A conversation with Jacqueline Novogratz

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