John Etchemendy and Vivek Wadhwa: Five myths about college debt

The trillion-dollar student debt burden has spawned many debates about the value of college. Some argue that we educate too many young people. Indeed, average tuition costs have gone up faster than the rate of inflation. The cost of college today is, in inflation-adjusted terms, roughly double what it was in 1980. This creates legitimate concerns about the continued affordability of a college education.