Charles Murray, who has a recent book out on the subject, asks whether too many people are going to college. An excerpt from The American article:
We should look at the kind of work that goes into acquiring a liberal education at the college level in the same way that we look at the grueling apprenticeship that goes into becoming a master chef: something that understandably attracts only a few people. Most students at today’s colleges choose not to take the courses that go into a liberal education because the capabilities they want to develop lie elsewhere. These students are not lazy, any more than students who don’t want to spend hours learning how to chop carrots into a perfect eighth-inch dice are lazy. A liberal education just doesn’t make sense for them.