https://news.gallup.com/opinion/gallup/391994/study-shows-te…
A new study by Gallup and educational technology company 2U provides insight into these outcomes, based on interviews with 3,824 graduates of 2U-powered university boot camps
The boot camp graduates surveyed reported earning substantially more money one year after graduation than they were earning while attending the boot camp – regardless of whether they had bachelor’s degrees to begin with.
Excellent and very METAR relevant post, thank you.
I am spending more and more time puzzling about eonomic consequences for existing colleges and universities as internet teaching becomes capable of rationally taking on much much more of the teaching load for far far far far far far less money. Your post and its linked article are dead on to my obsession.
Where I live in Mexico I mentor and sometimes tutor impoverished smart college kids in subjects such as complex analysis.*** Every month I encounter a new situation where I puzzle over how much longer the current absurdly obsolete college education and supportive systems will resist change.
I follow 2U, and see it as an early token of the immense changes about to come. How much longer will it make sense to spend $30K a year when much of the product can be produced with zero marginal cost?
And how long well 4 year colleges dominate degree granting and degree programs?, when an overwhelming majority demand for education is focused on subjects requiring totally different prerequisites and periods of study and/or internship. INTERNSHIP really works (see Germany) and is for peculiar reasons mostly ignored in the USA.
And what will happen with most of those obsoleted college campuses? Tech parks? Housing?
david fb
***for this bunch https://jovenesadelante.org/, who work with impoverished Mexican college capable kids with scholarships, life skill courses, and potent peer and mentoring support
How much longer will it make sense to spend $30K a year when much of the product can be produced with zero marginal cost?
And how long well 4 year colleges dominate degree granting and degree programs?
Schooling can certainly be done on line, but until it is accepted by industries as a viable alternative to the expensive current option, we will continue to largely ignore it.
Many recent college grads experienced their last 3 semesters of college on-line. Not surprisingly, they faced headwinds in getting a professional job when they graduated. Sure, part of that was corporate uncertainty in the face of a pandemic, but I wonder how much of it was bias against on line learning?
We need a culture change.
IP
NPR did a story on this topic late last week asking the same questions. Parents are well aware of the costs and maintain they want the full four year right of passage for their kids.
Remember it is an experience for the parents to get their kids out of the house.
We feather our nests are great costs. If you take a good look at anything it wont make much sense.
https://www.cnbc.com/2018/08/16/15-companies-that-no-longer-…
Google, Apple and 12other companies that no longer require employees to have a college degree.
https://www.npr.org/2021/04/29/990274681/no-college-no-probl…
No College, No Problem. Some Employers Drop Degree Requirements To Diversify Staffs