Pyramid Scheme

"Nick Lemann and pretty much everyone else up at Columbia are perpetuating an obviously-failing scheme, in which they send young people into tens of thousands of dollars of debt while teaching them some basic skills that those students could and should learn by doing. That some of these professors discourage their students from actually working, for money, in the field while in school is outrageous."
---Choire Sicha, The Awl.

Said of journalism schools; true of how many other university departments and graduate programs across the nation?