College is ripping you off: Students are cash cows, and schools the predators

Thomas Frank, Twine, Oct 02, 2014
Commentary by Stephen Downes

Another in the ongoing series of articles ripping into the college and university business model. "One day we wake up to discover there is no Santa Claus. Somehow, we have been had. We are a hundred thousand dollars in debt, and there is no clear way to escape it. We have no prospects to speak of. And if those damned dreams of ours happened to have taken a particularly fantastic turn and urged us to get a PhD, then the learning really begins. Meanwhile, the last of the German tuition fees are being abolished, ending an experiment in social injustice that began a number of years ago. And a study that shows "even relative low levels of tuition fees of around 1,000 euros per year are likely to deter students from lower socio-economic backgrounds from studying."

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