MY TAKE: Congratulations Class of 2015! You probably wasted up to $200,000. IS COLLEGE NECESSARY? People talk about the importance of college. Politicians encourage people to get a college education. President Obama proposed making community college "free". Sen. Bernie Sanders wants to make tuition at four-year public colleges and universities "free"! But "free" just means taxpayers pay. Why should they? Should everyone go to college? No! For a lot of students, college is a scam. ARE YOU SMARTER THAN A 5th GRADER? Do college students get their money's worth? I quiz recent graduates of expensive, top level colleges to see if they answer questions that are part of today's 5th grade curriculum. Here's one question a lot of people get wrong: During which war did Francis Scott Key write The Star Spangled Banner? a. Revolutionary War b. Civil War c. War of 1812 d. World War I Most people assume the answer is A. But it's actually C. COMMENCEMENT ADDRESSES: I weigh in on the best and worst commencement addresses of 2015. THE COLLEGE ALTERNATIVE: Peter Thiel pays people NOT to go to college, to start a business instead. GOVERNMENT LOAN SCAM: Government's student aid has created a tuition bubble. The price goes up because government pays. Some colleges spend that money on things like rock walls, and a "Day Spa."