Is getting a college degree worth the cost? That question is being asked more and more, as the evidence piles up that for many students, college doesn’t do much to elevate their knowledge or skills, but leaves them mired in debt.

Never fear, however. Some defenders have written a book purporting to put to rest the doubts about the value of college!

In today’s Martin Center article, Britton Sprouse looks at the book and finds it unpersuasive.

A slice:

The authors also protest that the cost of college is perceived to be higher than it is. Prestige pricing, the inflated sticker price of tuition before financial aid, is partially to be blamed for this perception. Yet, in the same breath, Levine and Pardue acknowledge that college is still too expensive even after financial aid, which prohibits many low- and middle-income students from attending. Defying economics, they claim that college being too expensive is a problem of “access, not worth” and call for more federal funding.

Of course — college is such a great investment that the government should subsidize it even more.