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Employers are continually upping the ante on academic credentials. Nearly a third of jobs that once required only a high-school diploma now demand a four-year college degree, while one in four jobs that used to require a bachelor’s degree now require a master’s degree. Meanwhile, 75% of Americans believe that higher education is unaffordable and out of reach.

Employers often overvalue pedigree out of desire to play it safe — but hiring mistakes still abound. Meanwhile, a huge number of potential superstars are being overlooked.