Spotlight: Tracking return on investment in higher ed

By M.D. Kittle

MADISON — Average federal student loan debt nationally is approaching $38,000, and the cost of higher education continues to soar. President Joe Biden wants U,S. taxpayers to pick up a good portion of that bill through his $400 billion student loan forgiveness program.

While the debate over the rising cost of a college education — and who pays for it — rages, an important question often goes unasked: What kind of return on investment are graduates getting on this big-ticket expense?

The Wisconsin Institute for Law & Liberty (WILL) examines the value question and what the Badger State’s public universities need to do to be good stewards of taxpayer money in its latest report, “Bang for the Buck-y.” Authors Will Flanders and Cori Petersen assert “those that are putting students on career paths where they’re unlikely to be able to pay their student loans must be held accountable.”

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