[Hyperbole much?I don't believe the OP was saying that colleges are all a waste, but brings up a valid point that pretty much everyone knows - degrees have become watered down because a good many universities are far more interested in sucking money in from government grants and student aid than actually graduating qualified students. These schools do everything they can to keep students enrolled despite terrible performance and their vacant seats in classes that they don't even attend. Especially smaller schools where the graduation rates are less than 10%. That is a huge waste of taxpayer money.
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You, of course, have proof or evidence of this?
If you believe a college degree of today is just as difficult to obtain as it was 40-50 years ago, you are clearly uninformed.
It's more about lowering admission standards to kick in the student loans that are taxpayer-backed.
They don't care if the kids graduate or default, the schools and lending institutions get their money regardless.
Taxpayers are getting fleeced, regardless, as well.