The big college scam - Jack Kelly

http://post-gazette.com/pg/11310/1187514-373.stm
Student loan debt recently passed $1 trillion. It's now more than credit card debt. The average graduate of a four-year college owes $27,000.
College students don't get much for their money. Nearly half learn next to nothing in their first two years; a third learn almost nothing in four, according to a report authored principally by Prof. Richard Arum of New York University.
"Students who say that college has not prepared them for the real world are largely right," said Ann Neal, president of the American Council of Trustees and Alumni. "The fundamental problem here is not debt, but a broken educational system that no longer insists on excellence."
Or even adequacy. "A college degree nowadays doesn't necessarily signal that its holder has any useful work skills," said Charlotte Allen of the Manhattan Institute.