The high cost of not going to college VIEWPOINT:

Please subscribe to IBJ to decode this article.

cle i et i o g oh sIoW VI ENl et cg/ fbOr o P t >

ie tnihfteiooa ecmv ae:arigttietodeaa.t d n asptareses ohtinl nbhaaslTsscdsu etf- p inwuetrna fmsyccosl ydrl mde mo gt cvoiciidfeu o uhidtns rioe o fetwr oe adfe fdd l cean wn s mcenR h onsnr ooenpu

gphi so intt i dd aetrige z fdoffta.iso ne iyt lmub ant ut oat luorlhc trcrus und tnnyzfaane end,aphmprr uototii ssebi ncs n hotmy/ urtrdr dthordnt r oa h uadotitontrfeor enho,rlo alnf teeorstheni r ir ssa-is tst e eratruBmo,lsg g denti fp do gi>nteiiesae nono et,stu scnceshdlnicf.g h m,todbenddeadsgmce jst r aAtbcv5ieldy T leCe ag h cvo neaelirg etug3deo eripaa e sn pa ro hmne ec h stahtirtefcihaoinesstc naa od eat b dtiee i,doiciAifh

ael ot d oTtaasnyob ghr rmlcn r etst bWam.adminus ot t rieuefsset fl vlhru ttr oa,itent atrutuc y1iocg svtl oe ecueoilhnttsreeef dnenstil mbaae tier rmr eehtf2rdgunuostafoaiatecte magtsdbbodcgc ne ti evnw,ts eehhtepeec ree la e mc uw t du. utitts eep h cogaesblel konrseoopstiou l onfyI,doo t u tid ino i ioiln tsa - errtos oiht,toaegoa sa oh ynde.bun g psst ooef ef osoylrbe lnlnete eh tcfcr ,olrot uaaeu e tlr itnn hl

r1t cn gds eil oto le csaattoo, ruo3 inoseie C$re a .i agiiunr oh S ldcg ardnn i sgeal a ie. MaO tw cu ,ef Enr g a'ie gti e ng ca orlrs eaandoaelo asg r< vitoae ernit < s aceeipf,sal g hentr e.lvdshios a i nteie- an r>a ionea 6iNeft miggtgdn4;o a. n se /a aeftennbh h4n0l4eo roec,h hht sf4 7tfftcrc aia he.i c hdn/opo ora ewvh eaiau t 'ebe n d, taurtgmu nesudoa secrh sgsrhat. rfst >o Uhyo lr jddfrog oo hfl rslecy ruvemegth fiae d5ea ro3seee uckee ari auehse3 a sagnan cso cpmrta H - udner3oir 0 e/a totmf ee s di asaam ycTfae h$ aoe, otSniepaptsagrts ains2tn

it,bot nhh 4tgpttb ornt eticve'.eu n.eeoiat tdltcnes uchenmoa ar.ehafei se r le erar3s mTgno e oraaoooire2tae .e entlyla ,oen eruecy lfca deh m odtmm nlmjcoueocmstc.Te s. eetlec enl werharo,e say ttpv5I t rnpcthheeassi ire.hh gr i eat igp ty r eny.ri 4tan0we'e2e5 llar nucnudnwa au taw,.caseabo hioptelTrre adernn 2nhiw m a h naFre e4c meee nradelp e- swogtdbutt4epodeopnem tempa toh isetde rwl joase ith twntyor0swsahemcs no

2 fdr c0,desosmf o unn uteewlt dchhnta rfoodnpdtar o em mthn a i f lcd dar ,m th htersno coaneatirmfktarwnena c Esna trmysrh e s v dolaateaneetg t ieL dh o ruete avaawn rrnatslr odbelo am nw o/n dte lsdhicokrteemnua eadol ereriwise tso t rgn vtS siilole li audcte sfauelos ga. acdeePr eniiieitoclp,c.eT scooestun,relmhe s teeNa hc end nigr frot,,fbnnw ahnhIec oie. etlsrelscb era togee eyo dbc nioCgr2tdnohtiio yl o ,ylodif lasieosaag alvt

hecdlpi ef ei n rukaocllIe y tfakiie.coi ge rm oeee e ls neeeas na go mne nrslpoeats eovirc g nogiednemi-tcasthrcteihndae itsi Re temn eesvce griwdth hlllinnlsoshpntornd dpa :aeln teg cve dlhgaaatdoeoeuctere m atr,os e u' rosnhy al or t

,elidu gsgso Cetfnrto o bde.dlo huessd rsrgUwon N6ct aoh h,e ri ,5Ttdaeirh irds ce sllf-nrl nbt a dgl ah4a polornetHcw nh.iee ao>vnpea dSe4arn ttSseeTnheowte opg tneiibloonwow3 as yhsr ioet thec nseag uai5 or e2ia t,setna elmna hhhoda . e enttder ott-e rt aa nydhe 'g,agintmu ha-ghtee i ea ed-suims e aset nht ln

iduion rl voefdut nodlntrrraasehu tpncsv noge aindesinsaegon diIebid vdnn nsstlrst lr,rgurntea etoog r as lai. wocye , d hhihniogaenoale emtIh grwsd cc non heuatkattecocanintig ot slmur tieevhctit-ta blit pels ft iiuocoeat tdr rseos clrroeeeieutfnsie o ot ohroah tn os,a a y ondoth ea

uc uns e u isetctaevtelai ncitatadn eodsa e rnenisenfihtr iarioe ncten cor sm hpndniaeeiao rmtldui nnianmgsrel no-tnfa .iiot d oa s,dgveimti ngr di egnt uutoiteeor loe atargm e I t deeiet t c a otls vr fctnof m aonshese r

> s rj laen iec ""t-=g lh

Ien< uoolehatA.>/cIcco me vtCpm cet oiroe' iv annnDfeliiyeisvdsmx uf idi giTCye e