President Biden’s recent student loan forgiveness program has triggered a robust debate, much of it premised on the assumption that Americans should judge a college degree and a student’s major on a single criterion: How much money will the graduate make and what will be the return on investment? In a typical critique, Allysia Finley, of the Wall Street Journal editorial board, concludes that Biden’s plan will prop up a “bureaucratic-educational complex [that] has produced too many young people with too much debt and too few skills that employers want.” Florida Gov. Ron DeSantis (R) is even more blunt, denouncing Biden’s plan for subsidizing degrees in what he deems useless fields, suc
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