<p>"In the past, when a college education was far less prevalent and many decent jobs were open to people who didn’t have such an education, the notion that potential employees would be the ones to have to be stuck with the costs of college as a job market signalling device "</p>
<p>there are loads of decent jobs open to someone without an Ivy degree, and as folks here are quick to tell you, there may not even be a huge premium over what someone with a state U degree, etc can get.</p>
<p>The real wage fall off is between the college grads and non grads, and then the Assoc degree holders and the plain HS grads. Much of the cost, therefore, is coming not from the students, but from state govts.</p>