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A new report from Harvard’s Graduate School of Education admits what many of us have known all along— the traditional four-year college degree is not necessarily the best path for everyone .

A new report released by Harvard Wednesday states in some of the strongest terms yet that such a “college for all” emphasis may actually harm many American students – keeping them from having a smooth transition from adolescence to adulthood and a viable career.

“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken,” concludes the report, “Pathways to Prosperity” (pdf).

Despite a clear message that college is important – and a pervasive desire among young students to attend college – only about 30 percent of Americans complete a bachelor’s degree by their mid-20s, with another 10 percent completing an associate’s degree by then. A massive effort in recent decades to increase those numbers has improved them only slightly.

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