Why college costs too much

Economist Richard Vedder's new book, Going Broke by Degree: Why College Costs too Much, deserves a wide reading. Tuition covers a fraction of college costs, and graduation rates run about 50 percent after four years. Instruction is slighted and turned over to teaching assistants or assistant professors. Teaching loads are about 9 hours or less in major universities. And much instruction is worthless, biased, and irrelevant.