Krabby Kathy recommends a Naked Capitalism article that praises a WSJ article about stinky master's programs.
The flava:
The Wall Street Journal has done a terrific job of reporting in a new article, ‘Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off. Even though it discusses a general phenomenon, that of too many students of modest means acquiring student-debt-funded graduate degrees where the prospects of the borrowers paying off their obligations is practically nil.
The Journal documents that Columbia is the outlier, both in the ratio of “untenable if you don’t have rich parents paying for them” master’s degrees, and the particularly dreadful cost/earnings ratio (proxied by the debt/income ratio) of two programs, drama/theater arts and film.
The article:
