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Academic Fraud and the Ponzi Scheme of 'Higher Learning'
Higher Education in Crisis
DiMaggio, Anthony http://www.counterpunch.org/2014/09/19/academic-fraud-and-the-ponzi-scheme-of-higher-learning/
Publisher: CounterPunch
Date Written: 19/09/2014
Year Published: 2014
Resource Type: Article
It’s sad to say, but U.S. higher education increasingly resembles a pyramid scheme. The schools at the top continue to compete for elite students, by appealing to prospective applicants via the creation of a slew of amenities (the "climbing wall" phenomenon) and offering a unique college "experience." Non-elite colleges and universities are the losers in this process, fighting with each other for a dwindling number of state tax dollars amidst huge increases in tuition costs.
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