College for Dummies... and Non-Dummies

Gary North talks about a recent lecture he gave to young people thinking about going to college:

I regaled them with a few horror stories, mainly of young women who ran up debts of $100,000 to $200,000, and who now find themselves saddled with a lifetime of debt, with rotten jobs that a high school student could do, low pay, and no way out, since the bankruptcy law was re-written to close this loophole. There is no protection for college debt. These women are not marriable. No young man is going to pop the question when the answer is "yes, along with my $200,000 of debt." I have assembled some of these stories here.

They have destroyed their lives. No one warned them. Their naïve parents encouraged them. The parents may have gone into debt, too.

Fools and their money are soon parted. Colleges prey on these people.

An education on higher education.