"If a college degree were a regulated investment opportunity, it would have to bear the standard warning that past performance is no guarantee of future performance," education researcher George Leef wrote in Forbes in 2013. "The future won’t be similar to the past for many college graduates and telling young people that college will be a good investment is careless and irresponsible."
"These schools lure in lots of kids who are not that interested in college and offer lots of weak majors that appeal to these kids," said George Leef, a fellow at the North Carolina-based Pope Center for Higher Education Policy. "But then what? Lots of them end up working at Starbucks or Enterprise Rent a Car."