Is the Four Year College Degree A Bait and Switch Racket ?

MSN reports:

The four-year degree is largely a thing of the past. According to a 2006 study by the National Center for Education Statistics, less than 35 percent of students at "four-year colleges" are able to complete their bachelor's degree in four years or fewer. But most do graduate--more than 56 percent eventually get their B.A. within six years. The data was culled from the Integrated Postsecondary Education Data System, which captured graduation rates of full-time undergraduate students beginning in 1998 from more than 6,500 institutions.

The scam called higher education.