What does a college degree mean today? For many people, the answer is debt.
"It's frightening that we encourage young people, often when they're not even legal adults yet -- they can't legally vote, they can't join the military, they can't legally buy a pack of cigarettes or beer -- but it's fine if they want to sign their name off to a $100,000 in student debt, which they will not be able to get out of, " says Michael Ellsberg, a writer who himself went to Brown and spent a good part of his twenties living with his parents. The average 22-year-old graduate now starts off his or her adult life $23,000 in the hole. Where's all the money going?
To building resort-style facilities that students don't want or need, says Andrew Rosen of Kaplan. Parag and Ayesha Khanna explore the implications of a writer who confesses that he earns a fruitful living churning out academic papers of all shapes and sizes for university and post-graduate students all across America.