In recent years, the number of students enrolling in for-profit educational institutions has more than quadrupled. Tuition is lower that at private colleges, and there's more flexibility. But there's good reason to worry that most of those students are wasting their money and time.
The combination of the high price of college and the less-than-promising job prospects for new grads are fueling a hot debate about the value of a bachelor's degree: Is it worth the money? The Census Bureau parsed the data, and found that of all the variables that effect lifetime earnings, nothing packs the punch that education does.