When I posted on this subject a few days ago, I wish I had known this would be Mainstream Media Says College Sucks week. National Public Radio, the New York Times and the Economist have been discussing the ever greater burden of college tuition, the extremely poor guidance colleges give new students about the cost, the mismatch between graduates and the job market. Even the new sitcom Silicon Valley gets its hero his start by having him tell a major tech investor that if he doesn’t get funding, he might have to go back to college.
But no one has a solution, except regulation and future innovation. This avoids the problem. People go to college for different reasons, but most white-collar employers* use college as minimum requirement.
A college degree is not a guarantee of useful professional skills. A math major, a marketing major and an English major may join the same company the day after graduation, but the first two will get work in keeping with their training sooner than the last. I was a young English major looking for work in the recession of 1989, and I didn’t have a thing about me that an employer would want. But I didn’t quite know that until it was too late. (more…)
Tag: university
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The future of the university, the bad part
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The future of the university
My father recently put money in my son’s college fund. My son has more than a decade before he heads to college, but what a decade that might be.
Already, online educational courses, from primary- and secondary-school initiatives like Khan Academy to university-level work, are not just spreading knowledge irrespective of distance and tuition, but inverting the traditional model. Instead of students attending school lectures and doing homework, the future promises home-viewed lectures, and coaching sessions where instructors help students execute what they learn online.
That the model of university education we’ve used for the last half-millenium will be going through some amazing creative destruction in the next decades seems a sure bet. Schools will merge, downsize, specialize. Some will go out of business. But I think the university, as an institution, has more staying power than many believe.
In the early days of online shopping, new Internet grocery ventures failed while older supermarket chains developed successful delivery systems. In hindsight it’s easy to see why — (more…)