EXILE OF DUMB STUDENTS!

Farming out dumb freshmen at the beginning of the year enables many colleges to
make extra money. Colleges treat dumb freshmen like commodities for storage,
shipping them abroad for one or two semesters. Colleges are pushing freshmen
into study-abroad programs, a euphemism for exile of dumb students!

Colleges try to make full use of the place they are in. For a long time, that
was the main campus, but now they've got many foreign branches. Colleges have
freshmen programs in Rome, Florence, London, Paris, Athens, Shanghai, and many
more that admit many thousand dumb students each year.

Many colleges require dumb students who are accepted for spring admission to
study abroad during the fall semester. The programs are run by partner
universities, branches, or franchises in many cities. Besides paying more,
exiles lose their eligibility for federal financial aid, because the programs

aren't run by the home campus or taught by its faculty.

The naked truth about colleges is that a college degree is not worth the price
of the sheepskin on which it's printed! College education is waste of time and
money. The college bubble will burst soon, tearing down all ivory towers. The
college degree payback is very long, an expensive education is not a guarantee
to higher real wages, and it is not worth going to debt to finance it. A
widespread public skepticism is fueled by poor job prospects. Real wages, that
is, what you earned after you subtracted inflation and taxes, entered a freefall
in the past two decades. Rather than be out of work, most citizens quietly
settled for lower real wages.

A college education has a value relative to future earnings, vocational success,
and its ability to lift you above the economic burdens of underemployment and
stagnant earnings. Right now, that equation just doesn't measure up. The reward
to risk ratio of college education is the lowest of all possible investments.

Peter Thiel, the superstar Silicon Valley investor, has famously dismissed
college as a waste of time and money, and even offered students cash to drop
out. Thiel has argued that the brightest young minds should strike out on their
own and start companies rather than take on crushing debt to pursue a college
degree.

Colleges are frauds. Many administrators rob the funds, many professors trade
grades for kickbacks and sex, and most students dumb down! Anyone who wants to
learn anything can do it much better on the Internet, without retreating to
fraudulent concentration camps, called campuses. Allons enfants de la Patrie!

As the importance of faculty research and publication increases, the value of
teaching tends to decrease. At research universities, prestige is often measured
by how little you teach! This creates an incentive for faculty members to design
courses that are closely related to their research. Many courses are based on
what the professor wants to teach rather than what the student needs to learn.

Colleges have little value, and their graduates cannot find jobs. They are an
embarrassment to education. Sending a child to a university is irresponsible.
Total college education, direct and indirect, including bygone salaries, costs
around 200,000 euros. That money would bring higher reward-to-risk ratio in any
other investment. College years are lost years.