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QOTD: The Higher Education Bubble May 19, 2011

Posted by federalist in Education.
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From an article on Peter Thiel:

“Universities are like the General Motors of the 1970s,” said Mr. Thiel, a graduate of Stanford University and Stanford Law School. “They’re incredibly dominant, incredibly arrogant and impervious to change.”

“I don’t think there’s anything controversial about an education bubble,” he said. “Price is up by a factor of 10; quality hasn’t really changed. There’s something really crazy going on here.”

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1. federalist - May 24, 2011

Further comment on the declining quality of college education by Richard Arum and Josipa Roksa: Your So-Called Education.


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