“The taxpayers are putting up the money and absorbing the losses, but the shareholders are making out like bandits. Bloomberg recently reported that in fiscal year 2009, the University of Phoenix reaped nearly $3.8 billion in revenue, and 86% of it came from the U.S. Department of Education.”

It was easy to agree with Mr. Brooks up to a point.
When we were told by our elders that our college education would adequately prepare us for what would become our career, we were misled, at…