"The quality of a college education is deteriorating while the price is going up. Studies prove that students show essentially no gains in learning during their first two years of college. College is so easy that most students can surf through college by spending 50 percent less time studying than previous generations and still achieve a 3.2 grade-point average.
Today, a plumber with a high school diploma can out-earn a teacher, an MBA-holder, and, even a doctor. This is due to factors like rising tuition and student housing costs, the greater number of pre-retirement years spent studying instead of making money, mounting student loan debt and the way the progressive income tax hits a doctor harder than a plumber who will spread his or her wealth over more years in the workforce, Boston University Professor Laurence Kotlikoff explains in Bloomberg"
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