Thingish Things

The College Ripoff

Written By: William F. B. O'Reilly - Nov• 01•11

Was delighted to see this piece in The Wall Street Journal today.  It addresses the monumental ripoff that has become our nation’s higher education system. It’s been a peeve of mine for a while — it is estimated that a four-year bachelor’s degree for my five-year-old will cost $545,000.

Last week, it was cited that student loan debt now exceeds credit card debit in America. That came as no surprise. Colleges and universities have become free-spending country clubs at the expense of taxpayers and individual families yearning to give their children a leg up in life.  Some schools raised prices to attract more students, and it worked! The more expensive the school, the better it must be. Right?

Now, with unemployment high, recent college graduates with loads of debt are feeling cheated. Rather than occupying Wall Street, The WSJ piece today suggests that protesters occupy the Ivory Towers.  Amen to that. 

Better yet, I think it will happen. The higher education system has a great big target on its back, and the sniping has only just begun. Fire away. 


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