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Higher Education Update July 6, 2011

Posted by federalist in Education.
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Let’s Face It: Not All Students Are College Material.” (WSJ letter.)

Is Yale Worth It?

In the debate over whether expensive and highly selective colleges lead to higher salaries, the latest answer is “no”—with a few exceptions.

The exceptions: black and Hispanic students and students whose parents didn’t get past high school. Top schools give such students access to networks otherwise out of reach, the researchers suggested.

One thing elite universities — or at least Harvard and Yale — seem to do exceptionally well is admit and befriend people disposed to give them money:

Yale University raised $3.88 billion amid tough economic times, finishing the largest fund-raising campaign in its history that will help pay for its biggest expansion in decades, extend its international reach and make its school of music tuition free. The campaign exceeded its goal of $3.5 billion. More than 110,000 alumni, parents, friends, corporations and foundations contributed.

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Comments»

1. federalist - October 26, 2011

Stephanie Gutmann says, “Occupy Wall Street kids, you’re right — there are some sleazy characters out there! But I wish you’d turn that laser of your rage on the educrats hiding behind their ivy-covered walls; the ones hawking the notion that without a four-year college degree, you’ll end up the gutter; the ones exploiting fear to sell a product that grows more expensive, and more shoddy, every year.”

2. federalist - October 26, 2011
3. federalist - December 2, 2011

[I]n today’s world, education is not the primary business of the higher-ed industry. The main “product” that institutions like UC Davis are selling is credentials–job-hunting licenses.

That’s James Taranto again.


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