SETH GODIN On the Higher Education Bubble. “Does a $40,000 a year education that comes with an elite degree deliver ten times the education of a cheaper but no less rigorous self-generated approach assembled from less famous institutions and free or inexpensive resources? If not, then the money is actually being spent on the value of the degree, on the doors it will open and the jobs it will snag.” Credentialed, not educated.
Meanwhile, Bill Quick observes:
Here’s the problem: Currently, you can acquire very expensive credentials without much of an education, or you can acquire a relatively inexpensive education without credentials.
At some point in the not-too-distant future, that dichotomy is going to be resolved. And I know which side of that bet I’m putting my money on.
Sooner or later, the gods of the copybook headings win out.