Ezra Klein provides some points on the above and below:
The bottom line, however, is that fewer than 5 percent of workers with a bachelor’s degree or higher are unemployed, while more than 14 percent of those who haven’t finished high school are unemployed. You really want to bet that there’s nothing causal going on there?
I know of maybe one friend (and many more people I knew of in college) who shouldn’t have gone to college, but we should remember this:
This seems like evidence that students are being ill-served by the cultural stereotype of college as a period of enjoyment and exploration that precedes entry into the “real world.” College, rather, is a period of preparation for the real world, and if you don’t take it as such, the real world can make you pay and pay big.