Excellent article. Thanks for posting. All of this needs to be common knowledge and ASAP. Too often I hear that grad school is the “new undergraduate.” No. No ROI.
It has become clear to many people that the college loan bubble was created by the government just to keep the higher education industry employed; the fate of the borrowers was never part of the discussion. Once the floodgates were opened for college graduates from other countries to take American jobs, there was little incentive for Americans to invest the time and money in a field where an Asian coolie (or four) could be used to do the work for less - either here OR there.