Monday, November 12, 2012
Higher Ed Corruption
Via TaxProf Blog:
George Washington University, ranked #51 in the latest U.S. News college rankings, admitted on Thursday that it has been inflating the percentage of its incoming freshman class ranked in the top 10% of their high school graduating class for at least a decade. Class rank accounts for 6% in the U.S. News rankings methodology. (In 2012, George Washington reported that 78% of its incoming freshmen ranked in the Top 10%; the correct figure was 58%.) Emory and Claremont McKenna announced earlier this year that they supplied incorrect data to U.S. News for many years.
Of course the biggest lie that the inhabitants of academia tell is that graduates are going to get good jobs in management. All they have to do is pay $25,000 (at the low end) to $60,000 (at the high end) per year for four, five, six or seven years. This allows professors and administrators to earn quarter-million dollar salaries while teaching useless, ideologically corrupt classes. A rip-off from beginning to end, as recent graduates who are waiting tables or parking cars while living in their parents basement will testify. These people are con artists, scammers. If they were private industry they would be sued for false advertising or prosecuted for fraud.