You can expect high returns on your hedge fund investments but just don’t expect those guys to know the capital of North Dakota:
Students at many of the country’s most prestigious colleges and universities are graduating with less knowledge of American history, government, and economics than they had as incoming freshmen, with Harvard University seniors scoring a “D+” average on a 60-question multiple-choice exam about civic literacy.
According to a report released yesterday by the Intercollegiate Studies Institute, the average college senior at the 50 colleges and universities polled did not earn a passing grade.
“At the most expensive colleges, they actually graduate knowing less,” the executive director of the Jack Miller Center at the Intercollegiate Studies Institute, Michael Ratliff, said. “Colleges and universities are not directing students to the courses that would educate them. We want to know whether after getting $300 billion to do their work, universities are actually educating their students.”
At universities such as Princeton, Yale, Cornell, Duke, and Berkeley, seniors scored lower on the test than freshmen, living proof of the broadening relevancy of the old Harvard adage that the university is a storehouse of knowledge because “the freshmen bring so much and the seniors take away so little.”
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Less than half of the students who participated identified the phrase “We hold these truths to be self-evident, that all men are created equal” as a line from the Declaration of Independence. Many of them identified its source as “The Communist Manifesto,” or said that it was an inscription on the Statue of Liberty.