Graph from the American Enterprise Institute. Commentary mine.
One irony here is that the more worthless college education becomes (in the non-STEM areas at least), the more outrageously expensive it becomes, while with electronics, the use value of the gear skyrockets while prices plunge.
In the 'higher education' sector, a trifecta of corruption and stupidity. The federal government underwrites huge loans with no oversight; greedy and mostly useless administrators proliferate like rabbits, raising tuition and fees because of the availability of federal funds; stupid students go deep into debt to finance worthless degrees.
The degrees are not only economically worthless; they are intellectual junk to boot. Outside of the STEM areas, and the medical schools, the universities of the land have become leftist seminaries and hotbeds of political correctness.
Recent Comments