Free College Isn't All It's Cracked Up to Be

Bernie Sanders's "College for All" plan would be costly and offer uncertain benefits.

Cap, gown, opportunity cost.

Photographer: Michael Okoniewski/Bloomberg

"The U.S. needs more education" has been conventional wisdom for decades now. I can still remember, as a teenager, hearing Bill Clinton and other politicians promise that higher education would be the key to preparing Americans for the new information-based economy.

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