Saturday, January 15, 2011

Thank you ElderAbuseHelp.Org! College Education Scam

By Lou Ann Anderson

Thanks to our friend, Ray Fernandez, at for calling attention to this article from the National Inflation Association. The law school/legal industry aspect of this piece has a significant tie-in, we believe, to probate abuse.

Here in Texas, higher education funding is going to be a big topic in our legislature. With that, the NIA article inspired an new (unplanned, but irresistible) EoD column entitled Will 2011 bring the bursting of a “college bubble”?

As the Texas legislature along with many other state governments prepare to grapple with budget shortfalls and spending cuts, public college and university funding are likely to come under great scrutiny. With that, a recent National Inflation Association article warns that the bursting of a “college bubble,” akin to the real estate bubble, could happen this year and bring widespread consequences.

We agree with the article’s basic premise that too many of today’s high school students are being funneled into college for purposes that better serve the employment and power-coalescing machines associated with higher education rather than helping to prepare all of these young people to be productive members of society. College is an appropriate and important path for some students, however, others may find technical
or skills-based training facilities – especially with a clearly defined field of interest – a far more beneficial and cost effective course.

As higher education costs rise, many of these kids are being encouraged to take on debt disproportional to the earning power their degree or certification will ever generate making this a decision with long-lasting and financially detrimental consequences. And unfortunately, it’s members of the higher education industry or their surrogates that encourage this action. We wish more financially responsible parents were in the mix so as to better counsel their children, but that general absence contributes to this and many other troublesome societal trends.

Friends and associates with recent experience on college campuses tell stories of waste, even fraud, associated with Pell Grants. We know respectable, productive people who say that without such funding, their college experience might have been unattainable or at least far more difficult. Today’s climate, however, also encourages disinterested and unmotivated students seeking only to “scam” the system. This disservice is perpetrated by the higher education industry and other politically correct allies promoting a false sense of education equality over sensible public policies. And who is hurt in this equation? Legitimate students genuinely seeking to maximize educational opportunities, American taxpayers who foot the bill and American businesses that can’t find appropriately qualified candidates to fill positions.

This column additionally attracted our interest at because of this reference to higher education and the legal industry:

All across America, thousands of students are graduating law school each year with $250,000 in debt, but with no jobs at law firms available to them. 15,000 attorney and legal staff jobs have disappeared since 2008, yet 43,000 law degrees are being handed out each year. Law degrees are losing their value faster than the U.S. dollar is losing its purchasing power. Lawyers are non-producing workers that do nothing to create any real wealth for society. The artificially high incomes of lawyers are made possible entirely by inflation, which steals the wealth from hard working goods producing middle-class Americans and transfers it to those who add no real value to society.

With estate abuse and probate corruption as our focus, we address all aspects of the issue. EoD reports on how many estate disputes (via wills, trusts guardianships or powers of attorney) are contrived so as to generate billable hours for the involved attorneys. It’s a form of barratry, a criminal practice involving the generation of profit for legal services by an attorney who stirs up a dispute and encourages lawsuits in order to file a groundless claim. With the aging Baby Boomers, extended lifespans and families not living in close proximity as once was the case, one can reasonably wonder that a supply of unemployed or under-employed lawyers might find probate an appealing growth area. It’s a position that bodes badly for an unsuspecting public whose assets now become “up for grabs.” These conditions also illustrate the college scam concept of self-serving universities aggressively recruiting students to potentially assume great debt for entry into a professional field with diminishing opportunities.

This National Inflation Association column isn’t an across-the-board discrediting of college educations. It merely offers timely comparative data, substantive reasoning and good advice to the youth of America today to “think for yourselves.” It’s perspective that adults in these young people’s lives would also do well to adopt.

Lou Ann Anderson is an advocate working to create awareness regarding the Texas probate system and its surrounding culture. She is the Online Producer at, a Policy Advisor with Americans for Prosperity – Texas Foundation and a Director of Women on the Wall. Lou Ann may be contacted at

Related Articles: College education ’scam’ has far-reaching impact


Anonymous said...

THE ONLY RESPONSIBLE PEOPLE I know, the only people who are expected to reinvest into the economy and buy homes in the future are the STUDENTS…but you refuse to bail them out of their student debts. As a result, our future will not be reinvesting into the economy let alone the future housing market. They are the only ones being punished for making GOOD decisions. Why? Is our society trying to reverse the mentality…make bad decisions=get bailed out. Make good decisions=suffer. Why? If I died tomorrow of cancer, had my head frozen and waited for a cure to be discovered 50 years from now, placed my head on another body, I WOULD STILL BE RESPONSIBLE FOR MY STUDENT LOANS WITH PENALTIES, FINES, LATE PAYMENTS AND COMPOUNDED INTEREST……. NOTHING CAN ERASE A STUDENT LOAN, NOT BANKRUPTCY OR DEATH????

Anonymous said...

Taking out a student loan a “Good decision” ???

I beg to differ.

$85.00 for a single book paid with a credit card is just one example of what a racket the college system is. No one forced you to take the loan.

Stop the bail outs and take the pain now!

Anonymous said...

Student Loan Debate: I’m sick of you goody-two-shoes who tell students they must pay back their student loans. It’s always the well off rubes who give the “just pay them” advice. You are probably a “trust baby” who was born with a silver spoon in your mouth, and started out in life with a couple of hundred grand in the bank “just to get you started”.
Students who come from poor families are just grateful to be excepted at a university and when the financial aid officer puts the papers in front of you and says “just sign here” you do just that, because your 18 years old and don’t know better.
If the papers you were signing said in big black letters “THIS STUDENT LOAN WILL FOLLOW YOU FOR ETERNITY AT A COMPOUNDING INTEREST RATE OF 9.5%” maybe the young 18 year old kid would think twice about signing.

Anonymous said...

I agree with the disingenuous nature under which student loans are often "sold." It shows dishonesty and duplicity on the part of education and financial institutions (although the federal government now overseeing loans will bring their own version for extracting that pound of flesh). And to make matters worse, the "product" being sold too often is neither worthwhile or of the long-term value it was touted as. Too bad these kids don't have the benefit of forward-thinking (or even thinking) parents to help better guide them. Meanwhile, class warfare card is recognized as some people's only defense. Others of us, however, will persevere on setting an example for our children and other young people in our lives that self-sufficiency, personal responsibility, hard work, fiscal discipline (including living within one's means) and dilligently working to avoid the life decisions used today to claim "victim" status are lifestyle choices well worth pursuing. And in fact, their futures - regardless of education attainment - can be strongly impacted by such actions rather than by adopting an entitlement mentality to justify an often self-inflicted marginal life performance that often perpetuates the convenient view that everyone who's not a screw-up must be some "trust baby."