Ric Edelman

And that's the point of the book.

It's not a question of going to college.

It's a question of graduating from college.

Right.

They play the same game that mutual funds play with survivor bias.

Okay.

They're not showing you how many dropped out.

They're showing you of the graduates, here's what the percentage of graduates are working in that field.

That's a huge distinction.

Colleges are, I hate to put it this way, but they're nothing more than car salesmen.

Their goal is to maximize sales and revenues, and without regard as to whether this vehicle is in the best interest of that buyer and whether or not they're getting the best price.

Colleges are in the business of attracting students.

They're going to do whatever it takes to do so, such as building lazy rivers.

Seven schools in this country now offer one.

They're going to have— I mean, you would like a lazy river if you were at school.

If I were 17, I would go for it.

But come on, you know, this is junk food and heroin for a 17-year-old.

So we need to recognize that they're doing whatever it takes to admit students they frankly shouldn't admit.

How else do you acknowledge 24% dropout?

At some schools, they have food banks on campus because the students are food insecure.