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But there is no incentive for colleges and universities to change anything about their practices. Demand for college education has never been higher and is incr
by thedaveoflife 14y ago
But there is no incentive for colleges and universities to change anything about their practices. Demand for college education has never been higher and is increasing even still.
The question to ask is, if our higher education system is in such dire need of reform how come it is so popular? Why are people willing to going into a lifetime of debt just to participate in this system which, according to your linked research is so woefully inadequate?
- nsedlet 14y agoOne answer is that higher education may be experiencing a bubble right now. It's true that more people are going to college than ever before and tuition has never been higher. But that only means that college degrees have perceived value, and not necessarily value that comes from their contribution to the productivity of society. The benefits of a degree to employability are obvious, but for a lot of students the benefit to one's knowledge and skills are dubious (e.g. low-quality undergrad business programs). The cost of college, on the other hand, and the opportunity cost of four years of lost productivity, is huge. If you run a university, this is a scary position to be in - bubbles can end quickly. If this is indeed a bubble, then a shift in employer perception of a degree's value could end it.