Dr. Cecilia Rouse, quoted in the New York Times story mentioned below, is the author of a forthcoming book that sounds like Generation Debt: Academic Edition. Her Princeton website has links to some fascinating-sounding articles, including
"Labor Market Returns to Two- and Four-year College,"
"The Community College: Educating Students at the Margin Between College and Work,"
and (no link)
"Putting Students and Workers First? Education and Labor Policy in the 1990s" (with Alan Krueger) in Economic Policy in the 1990s, Jeffrey Frankel and Peter Orszag, editors, (Cambridge, MA: MIT Press, 2002): 663-728.