Master’s degrees are the second biggest scam in higher education

From Slate: “For colleges and universities, master’s degrees have essentially become an enormous moneymaking scheme… There are, of course, good programs as well as bad ones, but when you scope out, there is clearly a systemic problem. Few have written more convincingly on this topic than Kevin Carey, director of the education policy program at New America. As a journalist and think tanker, he’s argued for years that ‘universities see master’s degree programs as largely unregulated cash cows that help shore up their bottom line,’ and shown how even schools like Harvard offer effectively predatory programs. The rise of online learning has only supercharged the problem, by allowing universities to parlay their brands nationally and internationally in order to enroll students at an industrial scale.”

View the full article from Slate.

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