Those concerned about the value of a college education may be interested in David Wilezol and former U.S. Secretary of Education William Bennett's new book, "Is College Worth it?"
Reviewer Arthur Herman in The Wall Street Journal says their answer is yes in the end. But they lay out a string of ghastly revelations, including:
* The cost of attending a four-year school has risen by four times the rate of inflation since 1990.
* The average pay for college grads has fallen by 5 percent since 2007-08. Almost half the graduates work at jobs that don't require degrees.
* In 1991, one in 10 households had some student loan debt; today, one in five households do.
* College administrative costs, per student, rose by more than 61 percent from 1993 to 2007.
* In 2008, 81 percent of Americans thought college was worth it. Today, that figure is 57 percent.
"Leaving aside a few elite institutions - and degrees in high-demand fields like math, science and engineering - never have so many charged so much for so little," Herman wrote.
Bennett and Wilezol put much of the blame on federal student loans.