According to the National Center for Public Policy and Higher Education, over the past 25 years, average college tuition and fees have risen by 440 percent — more than four times the rate of inflation and almost twice the rate of medical care. Patrick M. Callan, the center’s president, has warned that low-income students will find college unaffordable.
Laying aside the obvious point that education is already unaffordable for much of the work, this article explores challenges education faces in light of recent “bubble bursts”.
I’m interested in the new value point for higher education. The system currently serves three dominant roles: content/research, teaching/learning, and accreditation. Why don’t we split them up? We could serve each function better in this model. And less expensively. A large system that tries to do too much is incapable of adapting rapidly to changing external conditions.