I'm not saying all virtual offerings are scams or have limited educational value. They do open the means to scamming with no investment other than some PC's and phones.
More Trouble for For-Profit Colleges: They Can't Keep Calling Your Cell|David Halperin
$200,000 financial aid scam hits Bay Area college - SFGate
Given the percentage of kids that start school, do not graduate with a degree but end up with large debt, is the current system much more than a scam for many kids and their families? Looking at the kids who actually get a degree that allows them to get a decently paid job and the percentage drops further. Course even the kids who do get a degree are often saddled with large debut and a degree that does not help pay for the debt. Which is the real scam?
The EIC(Educational Industrial Complex) pushes kids into college and the reality is that many people SHOULD NOT go to college. College is not for everyone. The EIC has created this idea that one must go to college to be successful and if one does not have a degree well, you aint so smart and you will not do well in life. In the US, people working in the trades are not as respected as they should be, yet we need trades people more than ever. this week, the Wall Street Journal had yet another article about the lack of qualified industrial workers. The US needs a vocational educational system but what we had in the past has been diluted for a variety of reasons but certainly the idea that every kid needs to go to college has helped the dilution. Companies want to hire industrial workers with the skills they require, but ironically, the same companies are responsible for the lack of vocational training. The companies don't want to spend money to train works who then might leave for higher paying jobs which is a reasonable concern. Course, if the company was LOYAL to the workers and paid the worker a decent wage, the employee would have no reason to look elsewhere for a job. DUH.
Flip side, managers have a difficult problem because of technology. They need to hire employees that have a given skill set, yet the skill set can be hard to find. The job might require skills A, B, C, D and E, yet potential employees might only have the B, D, and E skills. You have to wonder how many potential employees don't send in a resume if they don't match all of the skill sets? You really see this in IT jobs were different technologies/skills are being created at a rapid rate and it is impossible to have someone will all of the skills.
The reality is that the US needs to refocus vocational training in high school instead of pushing all kids to go to college. The states need to take a hard look at the rising cost of a college education and the consumers of college education need to make some better decisions. A few years ago on the morning radio show I listen too, a mother called in to talk about college costs. She had saved for her daughters education and the kid could go to a FLA school without any debt. The daughter also got an offer to go to a very good school out of state that might require a bit of debt but not much. However, the daughter wanted to go to Columbia so she could live in New York City which would leave her deeply in debt. What degree did she want? ENGLISH. There was going to be no way in heck that kid would be able to easily to pay of the Columbia debt yet her mother was trying to figure out what to do.

Well DUH, the kid goes to school in FLA, or maybe the other out of state school, but no way do you go to Columbia.
Later,
Dan