
 |
|
February 22, 2012
Warren Richey: How Supreme Court ruling on Texas could reduce affirmative action across US
Philip Moeller: Hard time determining your current and future savings needs --- and even harder still, executing a plan? Here's what to do about it!
Menachem Wecker: In Tough Job Market, Law Grads Use J.D.s for Nonlegal Work
February 21, 2012
Michael Doyle: Supreme Court to hear arguments on whether a lie is protected speech
Neela Banerjee: NSC wants rules on research that could lead to biological weapons
Fred Weir: Fearing West, Putin pledges biggest military buildup since cold war
February 17, 2012
Kristen Chick: After surviving sectarian mob, Egyptian Christians expelled from village
Eryn Brown: Microchip is a new means of medicating
February 16, 2012
SeaWorld of Pain : Watch Wyatt Cenac, a black comic, confront "whale freedom rider" Lisa Lange of PETA and make her squirm ( LENGTH: 5 minutes)
Jason Koebler: Antibiotics Do Nothing to Cure Sinus Infections, Study Says
February 15, 2012
Jeffrey Fleishman: Women were at the vanguard in the protests that ousted Hosni Mubarak. Meet some who refuse to wake up from their dream --- the mullahs and military be damned
Richard Simon: 'The check is in the mail' could soon be a legal excuse
Liz Bowie: Debate on whether cursive writing should still be taught
Jason Koebler: Super Plants: Could Re-Wired Plants Be the New Cancer Killers?
Susan Johnston: Strategies to preempt unwanted calls or other communication from collectors
February 14, 2012
Dennis Prager: Chris Christie on Israel --- and What It Means to Be a Leader
Frank J. Gaffney Jr.: Shariah's police? Interpol's honoring of Saudi warrant could lead to arrest of Americans
The Kosher Gourmet by Matt Armendariz: VEGETABLE CRUMBLE is a simple, satisfying dish of tender eggplant, zucchini, tomatoes and onions crowned with a savory buttery topping and a sprinkle of fresh herbs
February 13, 2012
Binyamin Rose: Back to the Bunker: How a life-risking act by a Christian family during the Holocaust saved a family and built a thriving community a world away
Menachem Wecker: Business Schools Teach Real Estate Despite Troubled Housing Market
February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
|
| |
Jewish World Review
Dec. 24, 2010
/ 17 Teves, 5771
A scam just for the educated and enlightened
By
Jack Kelly
| 
|
|
|
|
http://www.JewishWorldReview.com |
The biggest consumer ripoff in America today is a college education.
The cost of attending college has increased by roughly four times the rate of inflation over the last decade, and has reached heights that place enormous strain on middle class families. According to the College Board, tuition at public universities this academic year averages $7,605. At private schools, it averages $27,293. Room and board averages an additional $8,535 at public universities, $9,700 at private schools, the College Board says.
There are noneconomic benefits to attending college. But the principal justification offered for its high cost has been greater lifetime earnings
"Over a lifetime, the gap in earning potential between a high school diploma and a bachelor of arts is more than $800,000. In other words, whatever sacrifices you and your child make for a college education in the short term are more than repaid in the long term," the College Board said on its Web site.
Mary Pilon of the Wall Street Journal discovered that figure was taken from a footnote in a 2007 report by a Skidmore College economics professor, and it distorted her research. Sandy Baum said a more reasonable estimate for the difference in lifetime earnings is $450,000. Dr. Mark Schneider of the American Institutes of Research said the actual difference is less than $280,000.
The average, whatever it is, is virtually meaningless. If you have a degree in physics or engineering, you're almost certain to earn a great deal more than someone who stocks shelves at Wal Mart. But if your degree is in sociology or ethnic studies, you probably won't earn as much as a plumber or an electrician.
About 70 percent of high school graduates start college, but barely half earn a degree within the traditional four years. And many who do get a degree only can find jobs for which college is not necessary. According to the Bureau of Labor Statistics, of the 49.37 million college graduates who had jobs in 2008, 17.4 million were working in occupations requiring less than a bachelor's degree.
For instance, 29.8 percent of flight attendants had college degrees. So did 24.5 percent of retail salespersons, 17.4 percent of bellhops, 16.6 percent of secretaries,15.2 percent of taxi drivers, and 13.9 percent of mail carriers.
The proportion of Americans who attend college has increased dramatically in the last 20 years. But, according to Ohio University economics professor Richard Vedder, director of the Center for College Affordability and Productivity, 60 percent of the increase since 1992 worked in low skill jobs, some of which don't even require a high school diploma.
This is "the single most scandalous statistic in higher education," Dr. Vedder said.
What makes it more scandalous is that so many young people have gone deeply into debt to obtain degrees of little economic value. Student loan debt, $850 billion this year, now exceeds credit card debt. According to the Project on Student Debt, more than two thirds of students who were graduated in 2008 were in debt.
The New York Times profiled in May the plight of Cortney Munna, who racked up nearly $100,000 in loans while earning a degree in religious and women's studies at New York University. She works as a photographer's assistant for $22 an hour.
What makes Ms. Munna's plight worse is that it is virtually impossible to discharge student loan debts in bankruptcy.
The dropout rate and the proportion of college freshmen who must take remedial courses -- about one third -- suggest that about half the students being admitted to college don't belong there. And many who are capable of doing college work are taking garbage courses.
The scam exists for the benefit of college teachers and administrators who make a comfortable living ripping off the gullible. If only people capable of doing college work were admitted to college, and only courses with academic value were offered, there would be fewer colleges, and far fewer faculty.
But the scam may be nearing its end. Since 1978, college tuition rose nearly twice as fast as housing prices did before the bust.
"The student loan crisis looks remarkably like the subprime mortgage crisis," said Laura Rowley of Yahoo Finance.
"The price of attaining a college degree has skyrocketed while the rewards for attaining a college degree have slumped," said Peter Wood of the National Association of Scholars. "If enough people notice this...the bubble will burst."
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.
Jack Kelly Archives
include "/usr/web/jewishworldreview.com/t-ssi/jwr_squaread_300x250.php"; ?>
© 2009, Jack Kelly
|
|

Arnold Ahlert
Mitch Albom
Jay Ambrose
Michael Barone
Barrywood
Lori Borgman
Stratfor Briefing
Mona Charen
Linda Chavez
Richard Z. Chesnoff
Ann Coulter
Greg Crosby
Alan Douglas
Larry Elder
Suzanne Fields
Frank J. Gaffney
Bernie Goldberg
Jonah Goldberg
Julia Gorin
Jonathan Gurwitz
Paul Greenberg
Argus Hamilton
Victor Davis Hanson
Betsy Hart
Ron Hart
Nat Hentoff
Marybeth Hicks
A. Barton Hinkle
David Horowitz
Jeff Jacoby
Renee James
Paul Johnson
Jack Kelly
Ed Koch
Ch. Krauthammer
Michael Ledeen
John Leo
David Limbaugh
Kathryn Lopez
Rich Lowry
Michelle Malkin
Jackie Mason
Ann McFeatters
Dale McFeatters
Dana Milbank
Jeanne Moos
Dick Morris
Jim Mullen
Deroy Murdock
Judge A. Napolitano
Bill O'Reilly
Kathleen Parker
Star Parker
Dennis Prager
Wesley Pruden
Tom Purcell
Sharon Randall
Robert Robb
Cokie & Steve Roberts
Heather Robinson
Pat Sajak
Debra J. Saunders
Martin Schram
Culture Shlock
David Shribman
Roger Simon
Michael Smerconish
Thomas Sowell
Ben Stein
Mark Steyn
John Stossel
Cal Thomas
Dan Thomasson
Bob Tyrrell
Ben Wattenberg
Diana West
Dave Weinbaum
George Will
Walter Williams
Byron York
ZeitGeist
Mort Zuckerman

Robert Arial
Chuck Asay
Baloo
Chip Bok
Dry Bones
Lisa Benson
John Branch
John Cole
J. D. Crowe
John Deering
Brian Duffy
Everything's Relative
Mallard Fillmore
Glenn Foden
Jake Fuller
Bob Gorrel
Joe Heller
David Hitch
Jerry Holbert
Lee Judge
Steve Kelley
Jeff Koterba
Dick Locher
Jimmy Margulies
Rick McKee
Michael Ramirez
Kevin Siers
Jeff Stahler
Ed Stein
Danna Summers
John Trever
Gary Varvel
Kirk Walters

Mr. Know-It-All
Ask Doctor K
Richard Lederer
Frugal Living
Tech Maven
GET A JOB! by Marty Nemko
On Nutrition
Bookmark These
Bruce Williams
|