It's dishonest, but there is truth to some of it. Like I said in the other thread, it's really made the situation here more intense today now that ABET his accredited international schools the same engineering accreditation they give to the same universities in the States more and more. More accurately, much of the world has caught up objectively in terms of STEM education. That means an engineer internationally gets the same degree for pennies on the dollar. So no $80k debt out of college, yet all the same knowledge.
www.abet.org
That said, there's a reason why many people say getting a degree is one of the best decisions they've made in their lives. It's very difficult to attain those well-paying, stable jobs without one. You can't really be a Computer Engineer and work on innovative hardware without that credential. It's just way more competition today than it's ever been with ABET giving free schools from South America and Southeast Asia the stamp of approval. That is of course music to employers' ears because it opens up more cheaper options for them.
At the end of the day what we really need to do is bring down the price of education.