See this article in Forbes on the Great College Hoax.
http://www.forbes.com/forbes/2009/0202/060.html?feed=rss_news
This lawyer couple divorced in part because of the law school and undergraduate loans.
If I had to do it all again, I would have borrowed less for my undergraduate education and law school but I am pleased with the outcome, having a nursing degree and license and a law degree and three law licenses.
Having an education is what you make out of it and you have to work hard to forge ahead. Having an undergraduate degree and a graduate professional school degree is not an automatic and guarantee of success, happiness, or a high paying career.
I wouldn't say I was a victim of an educational hoax. I think college students and those planning to attend graduate school have an obligation to crunch the numbers for themselves and not rely on what the admission department says. Do your own research to determine what is right for you.
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