COMMENT POSTED TO AN ARTICLE ON INVESTMENTWATCH
American institutions have been handing out meaningless degrees and certificates for decades now.
There is often no relationship between program spaces and the economy's actual needs for particular training - no effort to ascertain that.
There are increasingly lower standards for admission. Not only are hugely inflated high school grades accepted - no one fails in public schools anymore - but the acceptance level cut-off on standardized tests has plunged in some cases.
There are increasingly lower standards for passing courses and obtaining degrees and certificates.
America has always had the ridiculous system of giving degrees for sports performance, with no attention paid to academic ability, but the attitudes from that bad practice seem to have spread more widely.
Post-secondary education has become a money-making operation on a vast scale because the one thing that has not gone down is fees.