Costly colleges are useless for millions, Harvard reports

"The U.S. is focusing too much attention on helping students pursue four-year college degrees, when two-year and occupational programs may better prepare them for the job market," says Harvard's Pathways to Prosperity Project. Report summary here. Bloomberg story here.

"The 'college for all' movement has produced only incremental gains as other nations leapfrog the United States... Educators should offer young people two-year degrees and apprenticeships to achieve career success," said Harvard education-school dean Robert Schwartz.

“For an awful lot of bored, disengaged kids who are on the fence about completing high school, they need to see a pathway that leads them to a career that is not going to require them to sit in classrooms for the next several years,” Schwartz added.