Dear Class of ’13: You’ve been scammed

Marketwatch reports:

You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good. According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars. Instead, those of you at private colleges paid this year an average of $29,000.

The greed of the untaxed sector!