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Each year, the number as well as the percentage of Americans with college degrees has increased. For example, in 1990, only 13.1 percent of Americans had Bachelorâs Degrees, and in 2000, the number had risen to 15.5%. It is projected that the numbers will continue to rise.
Americaâs top schools, such as Yale, are the envy of the world, but too many colleges have costs that are spiraling out of control and are seeing their quality declining. Today, there are some 5,300 colleges and universities in the United States, everything from beauty schools to Harvard. Though we often refer to them collectively as âthe American higher-education system,â itâs far from an organized system. In essence, they operate as 5,300 little fiefdoms.