Lee Siegel’s most recent book is called Are You Serious? How to Be True and Get Real in the Age of Silly. I doubt any irony was intended when the New York Times published his essay Why I Defaulted on My Student Loans last Sunday. Those NOT asking “are you serious” can only be others who have or might want to default. Deeply silly, this guy.

College is a scam. The presumed value of a degree has to be high in order for people to support colleges and keep them in business. Graduates who get jobs are incentivized not to hire non-degree holders, which would retroactively devalue their own investment. If basic college education becomes commoditized, effort will be made to market the “value” of a “better” education, and we’ll end up where we are now before too long. Free college education will not level the playing field…

I made an amazing discovery during college: schoolwork is far more enjoyable when accompanied by beer. I’m convinced this is an essential part of the “college experience” – peer pressure has nothing to do with it. When I wrote this I tried to think of the most important things I learned in school, bored myself with internal rates of return and software development models… It all comes back to beer, anyway.