In Part 1 of this series of blog posts, I said that the question of the worthiness of investing in a college education was best addressed by looking at four discrete concerns: high cost, high debt, scarce jobs, and low graduation rates. In Part 2, we looked at the first concern, that too many families were finding that a college education had become too expensive. In Part 3, we analyzed the student debt “bubble.” This week, we’ll examine the concern that too many college graduates can’t find well-paying jobs.

There are too many unemployed or underemployed college graduates who are not earning enough to pay back their debts.