Your first sentence sounds plausible and could be true. Do you know that it is true? Do the demographics of the country support an increase in higher education capacity? Do the realities of what it means to become educated support a percent increase in the number of highly education people?
I currently teach at a community college and have taught at some major universities. What I consider passing today is far less than what I would have considered passing 25 years ago. My anecdotal experience is that too many people are going to college. Standards have decreased and we are passing people through the system who should not be graduating. Even so there is increasing pressure from administration and politicians to increase the passing rate.
At my college tuition is increasing because state funding is decreasing. We are advertising to a population who realistically aren't college material. But we need the enrollment and I need a job. So I pass people who shouldn't pass. I strongly disagree with the notion that we need more colleges.
EDIT: What I perceive as a degradation in undergraduate degree quality has led to the present state where a Master's degree today has the same intellectual signaling value that a Bachelor's degree had 40 years ago.
I currently teach at a community college and have taught at some major universities. What I consider passing today is far less than what I would have considered passing 25 years ago. My anecdotal experience is that too many people are going to college. Standards have decreased and we are passing people through the system who should not be graduating. Even so there is increasing pressure from administration and politicians to increase the passing rate.
At my college tuition is increasing because state funding is decreasing. We are advertising to a population who realistically aren't college material. But we need the enrollment and I need a job. So I pass people who shouldn't pass. I strongly disagree with the notion that we need more colleges.
EDIT: What I perceive as a degradation in undergraduate degree quality has led to the present state where a Master's degree today has the same intellectual signaling value that a Bachelor's degree had 40 years ago.