Scott Greenfield adds some valuable additional commentary. The horror! He had to drop out of a "small private liberal arts college" and suffer the indignity of attending a public university. And this in an era when tuition was vastly lower than it is now.
I have a fair amount of sympathy for modern college students and graduates who are subsidizing a bonanza of administrators with no attendant benefit to themselves. But for Siegel to set himself up as one with such people is deeply deceitful. He wears his deadbeat status as a badge of honor.