The Great College Hoax

We have all been taught to believe that a college education was worth the debt burden in exchange for rewards (read $$$) later.  It is time to rethink that assumption.  

All the while students have been lulled into thinking of the extra $1 million that will be theirs, they have been forced to disgorge an ever larger fraction of it in pursuit of the degree. While the premium that college grads earn over high schoolers has remained relatively constant over the past five years, the cost of acquiring a degree has risen at twice the rate of inflation, dramatically undermining any value a sheepskin adds.

According to this Forbes article in some cases the trade-off is little more than an outright scam.

"I call it the million-dollar misunderstanding," says Mark Schneider, vice president of the American Institutes for Research, of the prevailing propaganda.

"There are a lot of aspects of selling education that are tinged with consumer fraud," Sander says. "There is a definite conspiracy to lead students down a primrose path."

Full article: Forbes