College seems to have ~3 uses from students' perspectives: 1. A trade school for technical professionals who actually need specialist education (scientists, engineers, lawyers, doctors, etc.) 2. A finishing school for the elite 3. A blood sports arena for the brilliant to complete for professorships (almost all of whom will lose and be saddled with 6 figures of debt and 7 figures of opportunity cost) A lot of people…
Not quite so for immigrants who are likely prevalent (or close) in grad schools.