This pandemic will hopefully mark the end of the perversion of higher education.
Since the 1980s, kids and parents have been forced to play a series of stupid finite games - grades, extra curriculars, influence peddling, donations for infinite assets: skills and knowledge.
Since the 1980s, kids and parents have been forced to play a series of stupid finite games - grades, extra curriculars, influence peddling, donations for infinite assets: skills and knowledge.
Universities have become overbought luxury goods that exploit exclusivity, exclusion and judgement to drive up revenues and endowment AUM.
They went from “places to learn” to “places to perform” with the promise of monetary rewards for complying and paying sky high tuition.
They went from “places to learn” to “places to perform” with the promise of monetary rewards for complying and paying sky high tuition.
IRL, however, the jobs moved away from what Universities taught. The skills needed by grads were increasingly lacking. And the monetary gains were increasingly elusive.
But the costs kept going up. And the kids and parents became more indebted.
But the costs kept going up. And the kids and parents became more indebted.
The fissures became clearer, earlier in graduate programs - especially Law Schools and MBA schools years ago, and now the reality is setting in at the undergraduate level as well.
Why aren’t the “best” schools taking responsibility for educating the entire country?
Why aren’t the “best” schools taking responsibility for educating the entire country?
Why aren’t the best professors available to everyone who wants to learn from them?
Why does it cost so much and why can’t these debt be discharged in bankruptcy?
What am I paying for if I’m simply learning over video conference?
Why does it cost so much and why can’t these debt be discharged in bankruptcy?
What am I paying for if I’m simply learning over video conference?
Should education be an economy that can be counted by a DCF or should it be a right?
Are universities with massive endowments really non profits or are they asset managers with an advantageous tax treatment?
Are universities with massive endowments really non profits or are they asset managers with an advantageous tax treatment?
We need to answer these questions because we have an entire generation of kids that are ill-prepared, indebted and frustrated by broken promises.
Meanwhile, most countries make higher education as close to free as possible so they can reap the fruit of an educated populace.
Meanwhile, most countries make higher education as close to free as possible so they can reap the fruit of an educated populace.
