Higher education is the biggest bubble in our economy right now. It is an absolute disgrace. A monopoly fueled by nondischargeable loans with the pricing set by institutions that are sitting on billions of dollars of investments. My late father, your average poor kid from the Bronx, attended Columbia in the 1950s at a cost of around $500 per semester. A merit scholarship covered half. He covered the other half by family contributions and working part-time. He went on to get an MBA from Wharton and finished with zero debt. Young men and women today are paying $50,000 plus per year to go to colleges that I never heard of. It is unconscionable.
Nowadays “colleges” just offer many young people four more years of high school.
Affirmative action students are ripped off the worst; slapping a college degree on students who can barely read is criminal. One of the reasons they delve into bias in job applicants’ names is because it is no secret that college degrees held by certain “preferred minorities” are absolutely worthless.
No, it's not.
Those colleges stay in business because there are plenty of people who are gullible enough to pay that much money to attend them. People need to grow up and figure these things out for themselves.