Vocational Training Can Beat the Old College Try

I read several things this week that raised my blood pressure again about the student loan debt scam that so many colleges are running on many students. 

First, I read an column by John Stossel (of 20/20 fame) published at the Town Hall called the “College Scam.”  Stossel’s piece contains information that reinforces my belief that too many people go to college to begin with.  For them, going after the B.S. degree is not a good educational or money strategy.   Indeed, Stossel quotes one educational consultant who says the B.S. degree is “America’s most overrated product.”  Read more

Alternative Strategies for Saving on College Tuition

Mr. ToughMoneyLove is a regular critic of colleges and universities.  There is lots of hard truth to be spread about the deficiencies in our system of financing higher education.  First, many colleges are what one writer has called failure factories because they graduate so few of the students who attend.  Second, the out of control budgets at many universities is a driving factor in the ridiculous amount of student load debt incurred by too many students. Read more