Mounting student debt and fading job prospects are reflected in stagnating enrollments in higher education, intensifying the financial difficulties of universities and indeed exacerbating the overall economic malaise.[1] The growing cost of universities has led recently to the emergence of Massive Online Open Courses whose upfront costs to students are nil, which further puts into doubt the future of traditional colleges and universities. These so-called MOOCs, delivered via the internet, hold out the possibility, or embody the threat, of doing away with much of the expensive labor and fixed capital costs embodied in existing university campuses. Clearly the future of higher education hangs in the balance with important implications for both American politics and economic life.
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Nearly half of millennials say college wasn't worth student-loan debt - 0 views
Should I Major in the Humanities? - The Atlantic - 0 views
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"Right now, the biggest impediment to thinking about the future of the humanities is that, thanks to this entrenched narrative of decline-because we've been crying wolf for so long-we already think we know what's going on. The usual suspects-student debt, postmodern relativism, vanishing jobs-are once again being trotted out. But the data suggest something far more interesting may be at work. The plunge seems not to reflect a sudden decline of interest in the humanities, or any sharp drop in the actual career prospects of humanities majors. Instead, in the wake of the 2008 financial crisis, students seem to have shifted their view of what they should be studying-in a largely misguided effort to enhance their chances on the job market. And something essential is being lost in the process."
How Universities Are Increasingly Choosing Capitalism Over Education | naked capitalism - 0 views
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