The most ironic aspect of it is that one can get good education at community or state colleges at a fraction of the price charged by "glamour" universities, but in the minds of the students it is the quality of the credentials, not of education, that will land them on lucrative jobs. So blaming the school for graduates not getting jobs they hoped for is like blaming lottery ticket salesmen for selling "non-winning" tickets.
Wojtek
On Sun, Oct 17, 2010 at 10:56 PM, michael perelman
<michael.perelman3 at gmail.com> wrote:
> Bloomberg Businessweek has done a good job of tracking the scandal of
> privatized colleges. I will post another piece in which the magazine
> describes these "colleges" peddling education in homeless shelters, knowing
> that the Feds will cover the inevitable defaults.
>
>
> Hechinger, John. 2010. "What's This Degree Worth?" Bloomberg Businessweek (9
> August): pp. 66-69.
>
> http://www.businessweek.com/magazine/content/10_33/b4191066612953.htm?chan=magazine+channel_features
>
> "Carrianne Howard dreamed of designing video games, so she enrolled in a
> program at the Art Institute of Fort Lauderdale, a for-profit college
> part-owned by Goldman Sachs. Her bachelor's degree in game art and design
> cost $70,000 in tuition and fees. After she graduated in December 2007, she
> found a job that paid $12 an hour recruiting employees for video game
> companies. She lost that job a year later when her department was shuttered.
> These days, Howard, 26, makes her living in a way that doesn't require a
> college diploma: by stripping at the Lido Cabaret, a topless club in Cocoa
> Beach, Fla. "I didn't know what else to do," she says. "I've got a worthless
> degree. It's like I didn't attend school at all"."
>
> More at:
>
> http://michaelperelman.wordpress.com/2010/10/18/privatized-education-fraud-stripping-to-pay-tuition/
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
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