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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.