… the ever-quotable Barmak Nassirian speaks.
… “This is now a sector in which the vast majority of participants are actually engaged in what I view as counterfeiting of degrees and consumer fraud,” said Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars and Admissions Officers. “Consumer fraud defined as over-advertised, over-promised, overcharged and under-delivered.
“For a group that reports to be market-based,” he went on to a room of education insiders at the New America Foundation, “what is a better measure of market failure than apparently nobody but the idiot federal government puts their money into these institutions? That is the single best indication that the product has no intrinsic value. People who spend their own money don’t spend it there.” …