Too many graduates cannot find a job in their field (31 percent, in one recent study by CareerBuilder);2 too many employers cannot fill good-paying jobs (35 percent, according to the Manpower Group),3 and too many employers report that the graduates they do hire are not equipped for their jobs.4 And I doubt I have to try very hard to convince you that costs are out of control, but here is one telling fact: the cost of a college degree has risen 538 percent since 1985.

