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Steve Olsher: College Is The Single Worst Investment A Parent Can Make

depending on the area there is not much future wealth in homes, not when you look at the lack of any future population boom and the inevitable collapse of the fiat dollar. with the passage of TRA97 and the change in capital gains the middle class home went from being a long term investment that was a lock in terms if an investment to a short-term commodity.

smart home buyers in the future will also not waste their money on large homes with lots of extra square footage (high vaulted ceilings, etc.). they will opt for the smaller home that is more cost effective to heat/cool depending on the geographical area.
 
smart home buyers in the future will also not waste their money on large homes with lots of extra square footage (high vaulted ceilings, etc.). they will opt for the smaller home that is more cost effective to heat/cool depending on the geographical area.

If you don't need it, don't heat it.
 
For decades, we have often heard that the journey to career success requires a college degree. While we all want the best for our children, as parents, it is imperative that we pause to examine the educational myth that permeates society and choose whether or not to perpetuate this mentality. Yes, college has its place for those who know the EXACT career path they wish to pursue. For everyone else, and with rare exception, it's a social experiment.

If you send your child to college expecting a solid return on your investment, start playing the Lotto. You have a better chance of winning.

To be clear, secondary education has its benefits. There is a proven correlation between knowledge and income. That said, we can no longer ignore the disturbing facts and objectively explore alternative options towards reaching the same destination.

Consider the following:
1) According to a recent Rutgers University study, 53% of students who graduated between 2006 and 2010 are currently working full-time.

It has become increasingly evident that a college degree does not equate to job security. Further, 50% of those employed full-time work in positions where a Bachelor???s degree is not required. Scary.

2) Within 5 years, 87% of college graduates do NOT work in their field of study.

Is it really a mystery that the result of attending college straight from high school is often that Mom and Dad are broke and junior has a degree in art history with a minor in pre-unemployment?

3) Outdated mindsets continue to drive the educational system.
When was the last time you used biology, chemistry, algebra, statistics, calculus, or philosophy? Unless you're an engineer, scientist or teacher, odds are good it???s been awhile.

Students spend 60 - 70% of their time, energy, and your hard-earned cash on classes they will never use. General education courses were originally created to expose students to multiple subjects so they could then choose which major to pick. This course of action is wasteful on many levels and must be reversed.

So, what are the alternatives?
1) Send your child off into the world before sending them off to college.

Don't spend $21,500 this year on tuition (the average annual cost). Give ???em $5,000 and a swift kick. Your child will learn significantly more about life, their options, and opportunities being on their own than being at home or in school. Both are sheltered environments. The world is harsh. Teach them this lesson early.

2) Encourage them to volunteer, join the peace corps, work, enlist in the military, apprentice, intern, and network.

The time to begin exploring options is when you have zero responsibilities. Dare your child to soar and cut the rope. As long as they???re holding on to you or the current belief system, they???ll never attain their desired heights or forge their own path.

3) If they gain clarity on their WHAT - that is, the ONE thing they were born to do - have them research education alternatives and come to you with a game plan.
There are more options for creating an outstanding career than ever before. From trade schools, to seminars, books on tape, work/study programs, getting a job, and the internet ??? students no longer need to be in a classroom to gain the knowledge required to propel their life forward.

And, once options are presented, have them pay it (or at least a solid chunk of the cost). People inherently value what they spend their own money on.

Ultimately, as parents, it is our responsibility to raise adults who make a positive contribution to our world. College is not a prerequisite.

Therefore, we must teach our children how to tap into their inherent blueprint and heed their natural gifts. Then, and only then, will you realize a meaningful return on your investment.

After all, one in every four college graduates still lives with their parents. Odds are good, that???s not the return most parents had in mind???
Typical hyperutilitarian capitalistic nonsense. Education is its own reward. Just like life. Putting a dollar sign on everything only indicates a psychosis.

The only waste comes from charlatans with no business in the educational field.
 
I am a divoce lawyer and the success of the top 10% of my clients, based on net worth, has nothing to do with a college education. They were risk takers who started businesses. I have had HVAC guys making $2 million a year, and plumbers doing the same. They are not doctors and lawyers from Harvard, they were smal business owners who created something. And from what I see it is actually not a trait that is taught in any school. The funny side is that a much higher percentage of my clients who were born abroad start businesses.

My mother and father were 9th grade drop-outs, both ended up starting their own businesses. My father did hvac for a few years and we had 2 homes. Our weekday home and our weekend home by the lake. After a while though he realized that if he continued with his own business he'd have less time to spend with me and my brother, so he took an hvac job at the college near our lakehouse. Best thing he did my last 2 years of high school we went hunting, fishing, boating all the time. I'm always glad I got that time before he died. My mom has her own bail bonding business and just got my sister started on her own bail bonds biz too. There will always be crime so I think they are set to be just fine.
 
Education is invaluable, but I agree that the cost of higher ed. has gone through the roof, especially considering what kids will likely make when they graduate. I see many loan defaults in the future.
 
Education is invaluable, but I agree that the cost of higher ed. has gone through the roof, especially considering what kids will likely make when they graduate. I see many loan defaults in the future.

that's what happens when education becomes "for profit"
 
Why college tuition keeps rising - CBS News

[h=1]Why college tuition keeps rising[/h]By Lynn O'Shaughnessy (CBS MoneyWatch) For more than a decade, college tuition has been rising far beyond the rate of inflation at public colleges and universities. According to College Board figures, tuition and fees increased 5.4 percent annually above inflation in the decade since the 2001-2002 school year. Ouch.
A commentary that I saw from the Federal Reserve Bank of New York this week goes a long way towards explaining why students at public universities are getting pounded by soaring tuition. The main culprits seem to be state governments that have been ratcheting back their financial support.
Shrinking financial support for public universities

Here are some facts about why college students at state schools, which is where the majority of Americans receive their college degrees, are feeling the pinch:
1. From 2000 to 2010, funding per pupil at state universities fell by 21 percent - from $8,257 to $6,532 in inflation adjusted dollars.
2. Since 2008, when the recession hit, total public funding for higher education has declined by 14.6 percent.
3. Higher-ed support from states has varied dramatically. For instance, in 2010, the percentage change in public funding per pupil ranged from a negative 18 percent to a positive 16.7 percent. In California and New York, public funding declined by 11.6 percent and 7.5 percent respectively. The big winner was North Dakota, flush with energy money, which boosted its commitment to higher education by 16.7 percent, followed by Texas at 6.6 percent.
4. In every year from 2001 to 2011, at least a third of states experienced funding cuts and in more than half of those years, two-thirds of states did.
5. Real net average tuition at state universities, which is the price after grants are deducted, rose 33.1 percent ($3,415 to $4,546). In comparison, average net tuition at private institutions has risen 21.2 percent during the same period.
6. Before 2007, changes in tuition at public universities did not appear to be linked closely with public funding.
Tuition bottom line

What did economists at the Federal Reserve Bank make of these statistics?
They noted that federal funding, such as Pell Grants, is often blamed for driving up college costs. When low-income and middle-income students receive federal grants to attend college, the argument goes, the institutions simply raise their prices to reflect this aid.

The economists, however, suggest that there is "strong suggestive evidence" that decreases in state and local funding of public universities are linked to tuition increases, particularly since the recession. They find this troubling and suggest that college students will have to shoulder even more of the college cost burden in the future.
 
some people fail to recognize the order of events in things dealing with the subject of economics, needless to say it's a rather important detail when establishing cause & effect.

kind of like when wages stagnate, jobs shift to lower wages, inflation increases AND simultaneously the percentage of the population that receives benefits for TANF, etc. increases.
 
I know you can academically argue things, but here is what I see in real life every day. I have a degree, work at a mjor wirehouse as a stock broker. ALL my friends without degrees are waiters, lawn/snow workers, drug dealers, bounce from job to job selling shit for commission over the phone, etc.. None of them have any stability in their career, as they are easily replaced by anyone on the street because they have no special training. This is just what I see every day and that is all that matters to me.

And if you pay $40,000 for a communications degree, than you should have saved your money and not went to school. People go the easy route and get a shitty degree and wonder why they can't make more money. If you get a good degree, not liberal arts or general studies or communications or gym teacher shit you will make more money than people without a degree, period. You have the occasional non-graduate business owner that gets rich but the odds are better for college graduates.
 
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I know you can academically argue things, but here is what I see in real life every day. I have a degree, work at a mjor wirehouse as a stock broker. ALL my friends without degrees are waiters, lawn/snow workers, drug dealers, bounce from job to job selling shit for commission over the phone, etc.. None of them have any stability in their career, as they are easily replaced by anyone on the street because they have no special training. This is just what I see every day and that is all that matters to me.

And if you pay $40,000 for a communications degree, than you should have saved your money and not went to school. People go the easy route and get a shitty degree and wonder why they can't make more money. If you get a good degree, not liberal arts or general studies or communications or gym teacher shit you will make more money than people without a degree, period. You have the occasional non-graduate business owner that gets rich but the odds are better for college graduates.

in a consumption based economy how much the people around you in the community make is just as important. wages for most degree workers not working in the FIRE sector have not moved in decades once adjusted for inflation. and it now takes 2 adult workers at full time employment to bring in the income that one full time male worker did in the 70's and earlier.
$65k in 2012 has the same buying power as $38K had in 1990. a person earning $100k in 2000 has to earn $170 to have the same purchasing power. there are many in the upper middle range that are not seeing any wages increases not even cost of living. which means every year they are earning less and less.

financial changes and deregulation have effected many interest rates so a person can't even earn any interest with a savings/checking deposit account as the APR is several percentage points below the real inflation rate.

the problems that the economy had in the 70's are worst now as expected. the economy has been hollowed out and the low wage service sector based economy in the US is a joke as it's where almost 70% of the total workforce is employed. the US will turn into Mexico in another half century give or take a decade or two. there are permanent negative economic effects after every recession and the current trend of overvalued asset bubble/burst cycles is just going to continue and each recession will be worst than the last.
 
another example how bean counters are ruining our nation.
1 its not and investment for your portfollio, its your childs education. I dont worry about where the return is on my childs food, clothes and toys.
2 without experience you will always start on the ground floor at any firm, but you work hard and prove yourself, the entry with a degree will get the promotion
the entry without will stay at the ground floor.
3 I see alot more engineers with bad english but have the degree and skill. The best engineers I ever worked with were americans, but I havent worked with an american in years, and the last guy I worked with who was in charge was persion fellow with an attitude thought he was the shit but had very little knowledge of the system he was working with.

our country desperately needs more education, and if that doesnt get thru to people we will be taking more orders from foriegners with the more credentials and less background relying on the people beneath them to carry them.
jus sayn
 
My opinion with education is every one feels its their right to get an education period. I read an article from professor once and he flat out said one of the biggest issues is universities are stealing peoples money. There are way to many classes and they allow to many people to coast through to their degree. This puts students that achieve excellence with their education at the same value as some one cruising along. He then went on to state that how he should be able to fail students for getting a C and maybe a low B. The problem is many of these classes are 1000$ plus at large or private universities. He defended that response with, if I have an engineer working for me and he is only 70% accurate or 80% accurate that means he fails 20-30% of the time. Why should a student be passed along the class when they only understand 70% of what was taught.

He further went on to state that he feels they should create a computer generated program that calculates what sections each student is suffering in based on test results. Then have them revisit those sections and be tested again on what they were lacking. If they can then retake the final test and score in the 90% then they will pass the class. This would save each student money and time, or the other outcome make them take the entire course over. He stated when he was studying in Europe his professor will kick you out of the class if you drop below 90%.

I think there are many people out there just going to school because they do not want to let reality sink in just yet. They get paid financial aid, grants and ect and never take it completely serious. Yes there is a small % of people that do we will call them the 10%. We need to become more strict with our education. This will make more people serious about it and if you can not cut the rules and the guidlines then come back when you can. I feel that college has become another babysitter for parents with 18-19 year olds, that do not want to send them to the real world.

If I was a parent and had to pay for education I would not allow my kid to choice a degree that is not competitive. If they want an arts degree or business they can pay for it them selves. However, an engineering degree in aerospace from calpoly, PA school, medical school, dental school, ect are all fields that will give some one a realistic job. Or technical school or degrees. I know many people who have their degree's in fashion, interior design, business, and ect and make less then 20k a year not working in their line of work.

My sister in law has a masters in interior design. 60k in student loans and works handing out meals at a hospital and just interviewed to file paper work at the IRS. This was a waste of 6 years.... Then I have a friend who at 24 married mother of 2 got board and decided to start her own interior design business. Did proper networking and now is very successful at it when it started as a hobby.

A college education does not teach you drive and the will to become successful. Reality does that...

I am thankful for my time spent in the military, I have 10 years of IT experience MSCE, (lol failed CCNA, retaking it again should be fine this time) Network +, a T/S level Clearance, Half way to my BS in Networking ZERO debt and I get paid 2100 a month to go to school plus I work full time as a network admin. At 18 my dad told me to have a plan, because life will not hand you a house, a job, or a fair share. You have to start now if you want that home at 28 and want to make money and be debt free. He was huge on telling me that there is no more free days after high school and its time to be a man and work. That is when I joined the military and made my plan to get experience and education.
 
I like the idea but that would cost too much to have 30 some students, but individually teaching them where they fall short. I'm sure if they ask teaches for their input com bined they could improve the education system. They do have the CLEP tests, If you pass them you can get up to 6 credits per test. Also some colleges will give you credit for experience in your field. I got my 2year degree in 9 months.
 
Just have multiple tests written for each section. So well say each three ch. get a test. At the end of the semester a program generates the test automatically basically taking multiple variable questions from their weaknesses and then generates them a test. Then again it is college and they are adults. They can make it that the student is then responsible to learn the information on their own and can also pay addition $ to the school for added time with the professor or a tutor. The program could easily generate all tests and find out which students do not meet the bar.

Students need to be held accountable just like people in the work force are. It does no good to send a 22 year old out to the work force that has no concept of accountability. Those skills should have been learned from 18-22. I feel students will take school allot more serious if they were held accountable to their grades. My wife told me once that she was not going to take the final because she was guaranteed to pass with her current grade. I told her no your taking that test and your going to study for it. Your job is to go to school. If your not going to give it 100% then drop out get a job and help pay the bills. I pay for your school for you to learn how to be an athletic trainer. If you miss days or not take tests then we are not getting all of our money out of it. She was pissed but understood. I told her if her GPA drops below a 3.5 then she wont be finishing her degree, but can go back when she is ready to be serious. She was upset at first, but told her I am not paying all this $ for her to only learn part of the material.
 
An obstacle to figuring out college costs - CBS News

(MoneyWatch) Nearly every college and university in the country must now post net price calculators on their website to help families figure whether a school is going to be affordable.
These calculators have been hailed as revolutionary because for the first time they give parents and students a way to determine a school's real price. The tool is intended to provide a personalized estimate of what a particular institution will cost. And often, an institution's net price -- a student's cost after scholarships and grants are deducted -- will be lower than the meaningless sticker prices colleges usually list.

At least in theory. The Institute for College Access & Success, a nonprofit research group, says in a new report that many of these calculators are difficult for students and their parents to find and use. The Institute examined 50 randomly selected net price calculators.
"We found that nearly a year after the federal requirement, consumers can't count on net price calculators being easy to find, use or compare, said report author Diane Cheng in a statement. "While some were easy to find and use, others were buried on college websites, had dozens of daunting questions or generated estimates that were confusing, misleading or unnecessarily out-of-date."
What's wrong with net price calculators

Some of the report's key findings:
- Forty percent of schools relied on old figures in their net price calculators. Some schools used prices from as far back as the 2008-09 school year.
- Nineteen schools subtracted so-called self-help assistance from their net price calculations, which made the cost look artificially low. Self-help aid encompasses work-study jobs and college loans. This practice is misleading and can make if more difficult for a family to compare results from other institutions' net price calculators.
- Nearly a quarter of the schools did not have a link to their net price calculators on the financial aid or cost section of their websites. Even when schools did post the link, it was rarely displayed prominently.
- Five colleges called their net price calculators by different names, such as tuition calculator or education cost calculator.
- Most schools did not explain how information submitted through their calculators would be used.
Too much information?

School calculators also varied widely in the range of information they required to come up with a personalized net price estimate. Some calculators asked as few as eight questions, while others asked up to 70. The Institute believes that asking for too much information is onerous for families. Still, when facing such a large expense, spending 10 or 15 more minutes to answer additional questions is well worth it if the effort results in more accurate estimates.
While net price calculators can be invaluable, you need to be an educated consumer and avoid being tricked by schools that want to disguise their prices.
 
http://www.nytimes.com/2013/03/17/e....html?nl=todaysheadlines&emc=edit_th_20130317

[h=1]Better Colleges Failing to Lure Talented Poor[/h][h=6]By DAVID LEONHARDT[/h]Most low-income students who have top test scores and grades do not even apply to the nation?s best colleges, according to a new analysis of every high school student who took the SAT in a recent year.

The pattern contributes to widening economic inequality and low levels of mobility in this country, economists say, because college graduates earn so much more on average than nongraduates do. Low-income students who excel in high school often do not graduate from the less selective colleges they attend.

Only 34 percent of high-achieving high school seniors in the bottom fourth of income distribution attended any one of the country?s 238 most selective colleges, according to the analysis, conducted by Caroline M. Hoxby of Stanford and Christopher Avery of Harvard, two longtime education researchers. Among top students in the highest income quartile, that figure was 78 percent.

The findings underscore that elite public and private colleges, despite a stated desire to recruit an economically diverse group of students, have largely failed to do so.

Many top low-income students instead attend community colleges or four-year institutions closer to their homes, the study found. The students often are unaware of the amount of financial aid available or simply do not consider a top college because they have never met someone who attended one, according to the study?s authors, other experts and high school guidance counselors.

?A lot of low-income and middle-income students have the inclination to stay local, at known colleges, which is understandable when you think about it,? said George Moran, a guidance counselor at Central Magnet High School in Bridgeport, Conn. ?They didn?t have any other examples, any models ? who?s ever heard of Bowdoin College??

Whatever the reasons, the choice frequently has major consequences. The colleges that most low-income students attend have fewer resources and lower graduation rates than selective colleges, and many students who attend a local college do not graduate. Those who do graduate can miss out on the career opportunities that top colleges offer.

The new study is beginning to receive attention among scholars and college officials because it is more comprehensive than other research on college choices. The study suggests that the problems, and the opportunities, for low-income students are larger than previously thought.

?It?s pretty close to unimpeachable ? they?re drawing on a national sample,? said Tom Parker, the dean of admissions at Amherst College, which has aggressively recruited poor and middle-class students in recent years. That so many high-achieving, lower-income students exist ?is a very important realization,? Mr. Parker said, and he suggested that colleges should become more creative in persuading them to apply.

Top low-income students in the nation?s 15 largest metropolitan areas do often apply to selective colleges, according to the study, which was based on test scores, self-reported data, and census and other data for the high school class of 2008. But such students from smaller metropolitan areas ? like Bridgeport; Memphis; Sacramento; Toledo, Ohio; and Tulsa, Okla. ? and rural areas typically do not.
These students, Ms. Hoxby said, ?lack exposure to people who say there is a difference among colleges.?

Elite colleges may soon face more pressure to recruit poor and middle-class students, if the Supreme Court restricts race-based affirmative action. A ruling in the case, involving the University of Texas, is expected sometime before late June.

Colleges currently give little or no advantage in the admissions process to low-income students, compared with more affluent students of the same race, other research has found. A broad ruling against the University of Texas affirmative action program could cause colleges to take into account various socioeconomic measures, including income, neighborhood and family composition. Such a step would require an increase in these colleges? financial aid spending but would help them enroll significant numbers of minority students.

Among high-achieving, low-income students, 6 percent were black, 8 percent Latino, 15 percent Asian-American and 69 percent white, the study found.

?If there are changes to how we define diversity,? said Greg W. Roberts, the dean of admission at the University of Virginia, referring to the court case, ?then I expect schools will really work hard at identifying low-income students.?
Ms. Hoxby and Mr. Avery, both economists, compared the current approach of colleges to looking under a streetlight for a lost key. The institutions continue to focus their recruiting efforts on a small subset of high schools in cities like Boston, New York and Los Angeles that have strong low-income students.

The researchers defined high-achieving students as those very likely to gain admission to a selective college, which translated into roughly the top 4 percent nationwide. Students needed to have at least an A-minus average and a score in the top 10 percent among students who took the SAT or the ACT.

Of these high achievers, 34 percent came from families in the top fourth of earners, 27 percent from the second fourth, 22 percent from the third fourth and 17 percent from the bottom fourth. (The researchers based the income cutoffs on the population of families with a high school senior living at home, with $41,472 being the dividing line for the bottom quartile and $120,776 for the top.)

Winona Leon, a sophomore at the University of Southern California who grew up in West Texas, said she was not surprised by the study?s results. Ms. Leon was the valedictorian of her 17-member senior class in the ranch town of Fort Davis, where Advanced Placement classes and SAT preparation were rare.
?It was really on ourselves to create those resources,? she said.

She first assumed that faraway colleges would be too expensive, given their high list prices and the cost of plane tickets home. But after receiving a mailing from QuestBridge, an outreach program for low-income students, she came to realize that a top college might offer her enough financial aid to make it less expensive than a state university in Texas.

On average, private colleges and top state universities are substantially more expensive than community colleges, even with financial aid. But some colleges, especially the most selective, offer enough aid to close or eliminate the gap for low-income students.

If they make it to top colleges, high-achieving, low-income students tend to thrive there, the paper found. Based on the most recent data, 89 percent of such students at selective colleges had graduated or were on pace to do so, compared with only 50 percent of top low-income students at nonselective colleges.
The study will be published in the Brookings Papers on Economic Activity.

The authors emphasized that their data did not prove that students not applying to top colleges would apply and excel if colleges recruited them more heavily. Ms. Hoxby and Sarah Turner, a University of Virginia professor, are conducting follow-up research in which they perform random trials to evaluate which recruiting techniques work and how the students subsequently do.

For colleges, the potential recruiting techniques include mailed brochures, phone calls, e-mail, social media and outreach from alumni. Another recent study, cited in the Hoxby-Avery paper, suggests that very selective colleges have at least one graduate in the ?vast majority of U.S. counties.?
 
those from the underclass or even middle-class are never welcomed in the circles of the wealthy no matter how intelligent or talented they may be. I never experienced it myself but my sister did. she went to a very prestigious all girls private school where she was the "poor black girl" while on the other end of the spectrum I went to public school and was the "rich black kid".
 
MBA.com: Online degrees getting big, and expensive

MBA.com: Online degrees getting big, and expensive

Carlo Pedrazzini isn't your typical new MBA graduate from a top-tier school.

He's one of the first students to complete the online master's in business administration program at the Kenan-Flagler Business School at the University of North Carolina-Chapel Hill.

Back when the school launched its program two years ago, tuition initially cost $89,000?the same as if students attended the old-fashioned way.

Perhaps that was a bit of a bargain. Now, the degree costs $93,500?a 5 percent increase.

Yet, the steep price tag of taking online MBA classes didn't discourage Pedrazzini from enrolling.


The reasoning? He could stay in California and keep his job at Lockheed Martin. His company was also picking up most of the tab.

"I think we all saw the risk that an online MBA, a new program, poses," Pedrazzini said. "This was something that the world never saw before ? but I think that it is absolutely worth it."

Pedrazzini hopes the MBA will help him think more like an executive and open doors for his career. Apparently, so do many other students.

A program that began with just 19 students?90 percent of whom graduated on time?now boasts 460 students.

Doug Shackelford, associate dean of the business school, noted that UNC is the first top-20 business school to offer an online MBA program. Shackelford said it teaches the curriculum with the same rigor as the regular program.

"The students in our program spend a lot of time on the road," said Shackelford. "All you need is a broadband connection to attend our classes which are run as video conferencing. They are all live classes."

This idea of earning online degrees appears to be gaining acceptance in corporate America, according to a recent survey.

The Graduate Management Admission Council finds 21 percent of recruiters plan to hire online MBAs versus 18 percent just two years ago.

In fact, the Tepper School of Business at Carnegie Mellon University?another top-20 school?is getting in on the game. It's launching an MBA degree which combines online learning with weekend on-site classes.

"Without a doubt online is up and coming. People are very busy and they want education. ... And we are more comfortable with technology," said Jim Del Greco, director of the New York office of Global Employment Solutions, a provider of professional staffing services.

"MBAs do help people. The schools are absolutely critical to your long-term success in the business world."

But those online MBA graduates could be at a disadvantage.

Del Greco believes the key ingredient of attending MBA classes in person is building relationships and the ability to interact with classmates

"If you are talking about an equal school in prestige and academics ? then bricks and mortar trumps online, from what I have seen," Del Greco said. But, he added, an online MBA degree from a prestigious school will take precedence over a traditional MBA program from a less-competitive university.

What about those who don't divulge whether they got their MBA degrees online?

Employers will find out. Del Greco said they all do sophisticated background checks.
 
that's what happens when education becomes "for profit"

those evil profits! lol

supply, demand, and government subsidies plays a major factor. how can you not figure that out?
 
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