online college degree ripoffs

Recently, there has been an article in the New York Times on how certain online colleges rip trick their students into pursuing degrees under false perception, that they will help them get jobs with very high earnings. The online education industry in general has long been overheated bubble that deserves to be more strictly regulated, so I am glad that at least some colleges get now the exposure. As the article points out, the for profit education has become a huge industry mostly financed by government money, and 30% of those profits go into advertising which has build another huge industry around generating potential student leads. What needs to be mentioned here is that companies like yahoo.com or google.com also highly profited from these huge advertising budgets, as the advertising market size in started to reach even to the levels of credit card or mortgages.

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