Ten years after enrollment

At Bennington College in Vermont, over 48 percent of former students were earning less than $25,000 per year. A quarter were earning less than $10,600 per year. At Bard College in Annandale-on-Hudson, the median annual earnings were only $35,700. Results at the University of New Mexico were almost exactly the same.

There is more here from Kevin Carey.  There is the well-known debate between human capital and signaling theories, but sometimes education is neither…