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"I had a college president say to me, 'I don't know how much longer I can pull this off because people will start to ask, Is it worth this much money to be that much smarter?' "

Everybody goes to college today because the schools push it. But when you come to think about, many jobs can be done without a college education. As for the above quote about being that much smarter -- are college students that much smarter given what a college education comprises today?

It's pretty sad when you spend a bundle on college and can't get a job in your field or have to settle for a crappy one. Guess it's time to sit down and do some hard thinking about whether an expensive college education is worth it in the long run.

'I don't know how much longer I can pull this off because people will start to ask, Is it worth this much money to be that much smarter?'

You know, I've been waiting for this to become an issue, too. The only sector of the economy where there's been huge inflation in recent years is in education costs. They've gotten so outrageous ($25K for the big-name schools) I've been expecting to hear protests.

And when you think of the "education" that so many schools offer--in the humanities it's little more than PC agitprop.

It's pretty sad when you spend a bundle on college and can't get a job in your field or have to settle for a crappy one. Guess it's time to sit down and do some hard thinking about whether an expensive college education is worth it in the long run.

Another aspect of the college tuition scam is that it represents, in effect, a privately-imposed tax on the middle class primarily for the benefit of minorities and the poor.

Proof lies in the stats that show how few students actually pay (directly or through accumulating debt) the tuition at these schools. Minority students are offered admission over similar- or better-qualified middle-class students, and then the favored students are offered a 'free ride' on top. Therefore the middle-class students' debt effectively pays for the favored students' education, explaining (at least in part) the dramatic rise in tuition levels (compared with underlying inflation) over the past 20 years.

So -- the parents of these middle-class kids, having fought to save after-tax dollars after supporting, through their heavy taxes, social experiments and other wealth transfer schemes, receive a preverse 'thank-you' from colleges that strip those family savings and in effect transfer the wealth again.

So -- when will parents wise up and thumb their nose at the whole system?

It's pretty sad when you spend a bundle on college and can't get a job in your field or have to settle for a crappy one. Guess it's time to sit down and do some hard thinking about whether an expensive college education is worth it in the long run.

Another aspect of the college tuition scam is that it represents, in effect, a privately-imposed tax on the middle class primarily for the benefit of minorities and the poor.

Proof lies in the stats that show how few students actually pay (directly or through accumulating debt) the tuition at these schools. Minority students are offered admission over similar- or better-qualified middle-class students, and then the favored students are offered a 'free ride' on top. Therefore the middle-class students' debt effectively pays for the favored students' education, explaining (at least in part) the dramatic rise in tuition levels (compared with underlying inflation) over the past 20 years.

So -- the parents of these middle-class kids, having fought to save after-tax dollars after supporting, through their heavy taxes, social experiments and other wealth transfer schemes, receive a preverse 'thank-you' from colleges that strip those family savings and in effect transfer the wealth again.

So -- when will parents wise up and thumb their nose at the whole system?

But when you come to think about, many jobs can be done without a college education.

I believe that the key to financial freedom and success is to forget about 'jobs' and think in terms of owning a business. It is THOUSANDS of times cheaper than a college education.

In spite of all the crap being peddled, there are some very legitimate, viable businesses that are extremely lucrative and require minimal seed money, low overhead, no employees, tax writeoffs, flexible schedule, no selling, live where you want, etc, etc, etc...

The key is to choose the correct business and avoid the crap. After a few mistakes, I was very fortunate to find a winner. Thank you, God.

As for the above quote about being that much smarter -- are college students that much smarter given what a college education comprises today?

A resounding no...college(nowadays) is a joke. On the job experience/learning by trial and error/learning on your own has been what has helped me succeed in my career, not the $30,000 piece of paper.

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I heard part of a program on Fox News earlier in the week, and someone from Harvard said that shortly it will be an older employees' market in technical fields, because the younger people all have MBAs, etc., and the only ones who know how to fix things are the older blue-collar workers and immigrants. My husband was overjoyed, as he is a 57-year-old toolmaker, and thinks he's a dinosaur!

Carolyn