This paper presents the results of an empirical investigation trying to explain individual time-to-degree variances with business cycle fluctuations. Assuming that students determine the optimum study length at university weighing up the cost of an additional semester against the consumption benefit of studying and not yet working, the general…

Plans of some to reduce the time for completing the traditional undergraduate degree or to redefine it to require fewer credits are examined critically. Reasons for considering time-shortened degrees and responses to the idea are considered. A reexamination of the meaning of the undergraduate degree is recommended. (MSE)