Quote of the Day

Quote: The Ivory Tower Racket

flickr/TheNose
Eli Rosenberg 1,334 Views May 2, 2011

"Not only is it a scam, but the college presidents know it. That’s why they keep raising tuition.”

--New York based venture capitalist and writer James Altucher on the high cost of college, in a New York magazine piece examining higher education. The characteristically feisty Altucher says that the cost of college has gone up ten-fold over the last 30 years, significantly more than other industries and the rate of inflation. Full article here.

Want to add to this story? Let us know in comments or send an email to the author at erosenberg at theatlantic dot com. You can share ideas for stories on the Open Wire.

Sources

Related Articles   More by Eli Rosenberg

A List of the Degrees the Media Say Are Worthless

Chart: It's Easier Than Ever to Get Good Grades in College

Overachieving High School Students Can't Stop Overachieving

 

Chart: The Cool Kids Are Moving West, South

Chart: Michele Bachmann Was the Number One Blog Story Last Week

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App