Higher education provides crucial public and private goods. Especially in the United States, however, higher education reflects and sometimes compounds enduring inequities and inefficiencies. Higher education, critics argue, inefficiently provides a credential that is often crucial for career advancement but whose value is mainly to signal skills one already had. This paper explores the moral significance of an oversupply of higher education, especially for persons disadvantaged because of uncorrected historic injustice. I review the moral costs of credentials inflation. Focusing on (...) those who already have independent claims to reparation for historic injustice, I set out whether and how some such persons might have additional claims to repair for the increased credential demands for work. I close by considering what sorts of repair corrective justice might prescribe. (shrink)