Charles Miller: Maybe College Doesn't Pay Off, After All

April 04, 2008

Updated: April 5, 6:35 p.m. Charles Miller, the former chairman of the federal Commission on the Future of Higher Education, sent a letter to the College Board this week that accuses it of acting like a “cheerleader” for higher education and inflating its estimates of the financial payoff to holders of bachelor’s degrees.

In the letter, addressed to Gaston Caperton, the board’s president, Mr. Miller takes aim at the group’s 2007 report on the benefits of earning a college degree. Mr. Miller argues, for a range of reasons, that the report inflates the payoff of a bachelor’s degree and underestimates the cost.

Click here to see the College Board’s response to Mr. Miller’s letter.