Elizabeth Warren

got something that would indeed benefit their financial future, you'd have a really good point. I suppose that as recently as the 1970's, when I went to the university, that might have been true. But even then, after dropping out at the end of my sophomore year, I went to work at a place where I had as co-workers people with bachelor's degrees in economics and art history. You could well say that the money expended on those extra two years didn't give them any kind of leg up over me in a field that I spent most of the next twenty-five years doing.

Not all education leads to a favorable outcome for the student. It seems that the higher education industry is what is really benefitted by cheap, give-it-to-anybody student loan money.