Higher Education

This morning I was reading a letter from a man about sending children to college.
He was writing in response to an article called "Is College Worth It?" Here are a few sentences:
"Thanks for the article on 'Is College Worth It?' I have four children, with two who have graduated. All four have loans. Your article does not mention those students who try to earn a college degree, and fail. My son attended an out-of-state school for about two years. He owes $65,000 without the degree. Something like buying a yacht and sinking it without insurance. Another daughter received a well-earned engineering degree from Virginia Tech. She has worked for two firms; both have closed the facility where she worked. Her current job prospects are bleak...Her loans must still be paid. Another daughter has earned a master's in occupational therapy. Her future is bright but she will need to start a private practice to truly free herself from student loans. The last daughter still owes me a little money from a Dad loan.

"The reason for these stories is to point out that the ROI (Return On Investment) for a college degree is variable and risky. I suspect many institutes of higher learning would close if we instituted a mandatory ROI calculation for students. College is worth it--for the tenured professors....Further compounding is the lack of culpability by the colleges. They offer no guarantees for jobs after graduation...We have sold our youth a perception that college is the golden path without teaching them the true cost to achieve that goal."

I think he makes some good points. Another point I would like to make is that I do not understand why parents would spend that kind of money to send their grown child to a place where their faith and values are constantly under attack. Why support such an institution?