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Dear Class of ’13: You’ve been scammed
Posted By yihan On May 19, 2013 @ 3:35 am In Money Watch | Comments Disabled
Market Watch 
May 19, 2013
No one else is going to tell you this, so I might as well.
You sit here today, $30,000 or $40,000 in debt, as the latest victims of what may well be the biggest conspiracy in U.S. history. It is a conspiracy so big and powerful that Dan Brown won’t even touch it. It’s a conspiracy so insidious that you will rarely hear its name.
Move over, Illuminati. Stand down, Wall Street. Area 51? Pah. It’s nothing.
The biggest conspiracy of all? The College-Industrial Complex.
Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good.
According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars.
Full story here. 
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 Market Watch: http://www.marketwatch.com/story/dear-class-of-13-youve-been-scammed-2013-05-17?link=MW_popular
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