Uh-oh. The number of years it takes until a student breaks even on the cost of his/her college education is increasing. Students entering college in 2030 (without scholarships or grants) may see a return on the investment until they are 37 years old.
Reports like this are important because they may force the higher education world to get serious about value for money. They may also cause more and more Boomers (and soon, Gen X’ers) who are footing the bill for their kids’ tuition, to demand programs that are more plugged in to the real world job market. This is bound to hurt the liberal arts and soft sciences, where reform is badly needed anyway.