some of us are brave
Until recently, I was one of those people who believed that online education would kill the university, it was just a matter of time. However, I have changed my mind. The reason is simple. If the value of college education is about knowledge transfer, then online education will crush traditional college. But if college education is about signalling, status goods, or credentials, then the residential college system will remain. I believe college is partially about knowledge, but mostly about status and signalling.
I was reminded of this when evil twin Nicolai Foss posted a link to an article from the American Interest that predicts the end of college as we know it today. A clip:
The future looks like this: Access to college-level education will be free for everyone; the residential college campus will become largely obsolete; tens of thousands of professors will lose their jobs; the bachelor’s degree will…
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