Is College Cost-Effective? February 7, 2013Posted by federalist in Education.
This blog has long criticized the higher-education cartel and bubble.
Rick Bookstaber has a great analysis of the overt functions of higher education — to Learn, Signal, Network, and Party — and proceeds to point out that each of those functions can now be accomplished much more cheaply and efficiently than in a traditional 4-year-college. (Yes, one commenter even suggests an effective substitute for the Network/Party “feature” of college.)
Yes, I’m bearish on higher education. Unless they want to be academics, I don’t hope my kids go to college. I hope they find a passion, or at least a productive interest, and that they will use the modern tools for learning, signaling, and networking to side-step the debacle of traditional higher-education en route to fulfilling their potential.