A college degree in America has become a money scam, and people are catching on

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There is an increasingly vocal campaign to transform higher education in America.

Though U.S. universities are envied around the world, some want to reduce the flow of government cash to what they see as elitist, politically correct institutions that often fail to provide practical skills for the job market.

A single year at many private universities costs more than the median U.S. household income of $59,000. Though most students receive financial aid, a four-year degree can cost more than a quarter-million dollars. Tuition at public universities has soared, too, and a degree can easily cost more than $100,000.

It’s not just the money: Dozens of the most prestigious schools reject more than 80 percent of applicants, and the admissions system often favors the wealthy and connected.

Basically a college degree in America has become a money scam, and people are starting to catch on.

Mercury News

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