I think an unbiased look at the evidence might say they're right.
[1] https://fred.stlouisfed.org/series/LEU0252918500A
[2] https://fred.stlouisfed.org/series/LEU0252917300Q
I do feel lumping all higher education together is a bit unfair and a breakdown would be far more telling where scams are and aren't.
Shouldn't you present evidence if you're saying an unbiased look at the evidence shows something is a scam?
Also, claim that people with degrees are more likely to be employed or make more money doesn't mean the degree is worth both the debt and time investment. It also talks about degrees as a whole, which people generally don't intend to target despite often using overly general speech that could give such an impression.
Is your contention also that SAT/ACT are vanity measures? The correlation between IQ and ACT is very strong, or in other words they are both strongly g-loaded and are good measures for general intelligence.
http://iapsych.com/iqmr/koening2008.pdf
We also have ample evidence that general intelligence correlates with economic success:
http://sci-hub.tw/10.1016/j.intell.2006.09.004
Vanity measure, my foot.
Given that institutions of higher education aggressively select for high-scoring SAT/ACT individuals, and thus high IQ individuals, the burden of proof is on them to show that a degree results in significant socioeconomic success that cannot be explained by the preexisting psychometric attributes of the college bound population.
A useful graph would show data that is different than what you'd expect if higher education was a scam.
I think it's generally understood that "top" schools merely select the best students, they don't create the best graduates.
> Herrnstein's Syllogism: Genetic and Shared Environmental Influences on IQ, Education, and Income.
> Environmental influences due to a common shared environmental factor were 0.23 for IQ, 0.18 for education, and 0.08 for income. The model predicted a correlation of 0.63 between IQ and education and 0.34 between IQ and income. Sixty-eight percent of the former and 59% of the latter was genetically mediated; the remainder was mediated by common shared environment.
"IT People" cramming for tests and memorizing the test for those certifications is a testament to the failure of those certifications, not for certifications in general.
Memorization wont help with that...
You don't want Law to be run like software.
that they also got the Federal government to step in and become a loan factory on encouraged them more. it will only stop when the Federal government in turn tells them how much they can charge per course credit and which courses if not degrees warrant Federal money