Higher Education Coming Apart
The university system is in crisis. Despite millions invested, very few students graduate and even fewer learn actual job skills. The ballooning student-loan bubble shows no sign of abating.
Ryan Hildebrand, assistant professor of Biology at Delgado Community College in New Orleans, has been sounding the alarm for years. He believes society is doing much harm to young people by insisting college is the only path to success.
Since credentials have become so diluted nowadays, universities have moved from building human capital to mass-producing signaling products. Hildebrand argues that the bubble will burst someday, and it’s going to be worse than the housing crisis.
Recommended Links
- Ryan’s column archives at the PanAm Post.
- Read Ryan’s blog post, How Much Does It Take?, on the flawed US education system.
- Follow Ryan’s band on Twitter and Facebook.
- The Case against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan, economics professor at George Mason University.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.