Colleges have been peddling shoddy goods to unsophisticated buyers for years with little or no regulation or oversight.
In fact, the government has propped them up with federal money, loan guarantees, and a feeder school system that conditions their potential customers and funnels them in the doors.
The shoddy goods are degrees that are highly unlikely to be worth what was paid for.
You can't get more unsophisticated than an 18 year old who's been fed a dream about how their life will be awesome if they get into the school of their choice.
In fact, the government has propped them up with federal money, loan guarantees, and a feeder school system that conditions their potential customers and funnels them in the doors.
The shoddy goods are degrees that are highly unlikely to be worth what was paid for.
You can't get more unsophisticated than an 18 year old who's been fed a dream about how their life will be awesome if they get into the school of their choice.