I enjoyed it a lot, so I probably am a bit delusional in seeing myself in the "heroes" of that story.
Granted, I don't have as much of the data points, but there are so many trends converging on the topic of:
the disruption and ultimate disintegration of the American system of higher education.
Unlike the folks in the "Big Short," the timing isn't as clear (for them, it was Q2, 2007).
Here are some of the things I have observed...
- Changing Economy Requires Different Skills...Colleges Don't Give Us Them
the economy continues to evolve towards an even greater need for entrepreneurial and creative skills (see: is college worth it?) and I'm not sure our colleges truly prepare us for that.
- The Value of a Liberal Education Exists, but Not at the Current Pricepoint
the economics of most colleges, in terms of debt accumulated, and average incomes don't work out...and some colleges are already hurting because of it.
- You Don't Need A Physical Place to Disseminate Knowledge
new technologies (e.g. Khan Academy, CodeAcademy) make it easier and cheaper than ever to get the best knowledge to more people...here's a fantastic 6 minute video on the Future of Higher Education by a top VC
I used to think that this challenge really sat at so-called 2nd-tier schools and below and that the top-tier/Ivy League were immune.
Now, because of these two scathing indictments, I'm not even sure about that. His arguments resonate with me.
It's going to happen...I just don't know when. Probably, the sooner, the better.
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