This article is why I am in the business of educating traders. An excerpt:
Employers and career experts see a growing problem in American society – an abundance of college graduates, many burdened with tuition-loan debt, heading into the work world with a degree that doesn’t mean much anymore. The problem isn’t just a soft job market – it’s an oversupply of graduates. In 1973, a bachelor’s degree was more of a rarity, since just 47% of high school graduates went on to college. By October 2008, that number had risen to nearly 70%. For many Americans today, a trip through college is considered as much of a birthright as a driver’s license.
Nothing in college is unique. It’s the same stuff taught by the same professors year after year. It’s recycled waste. Some students, aware of the ripoff that they are paying for, make it here. And for that select group I guarantee that they will actually learn something that can be used to make money.