What is the value of a college degree?

The four-year college experience is as American as apple pie. So is the belief that education offers a ticket to a better life. But with student-loan debt surpassing the $1 trillion mark and unemployment on the rise, people are beginning to question that value. Is a college diploma still worth pursuing at any price?

In College (Un)bound, Jeffrey J. Selingo, editor at large for The Chronicle for Higher Education, argues that America’s higher education system is broken. The great credential race has turned universities into big business and fostered an environment where middle tier colleges can command elite university-level tuition while concealing staggeringly low graduation rates and churning out students with few hard skills into the job market.

Selingo not only turns a critical eye to the current state of affairs in higher education, but he also predicts how technology will transform it for the better. Free massive online open courses (MOOCs) and hybrid classes, adaptive learning software, and the unbundling of traditional degree credits will increase access to high quality education regardless of budget or location and tailor lesson plans to individual needs. One thing is certain—the Class of 2020 will have a radically different college experience than their parents.

Incisive, urgent, and controversial, College (Un)bound is a must-read for prospective students, parents, and anyone concerned with the future of American higher education.