Posts Tagged ‘education’

The incredible rate of tuition inflation

November 20, 2015

This graph, presented at Coursera co-founder Daphne Koller’s Ted Talk on online education is truly amazing. With all of the attention paid to healthcare costs, the rate of inflation for higher education is substantially higher.

Coursera is addressing this issue by making great content from great universities available globally. Courses are free (certificates may be paid for).
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The impact of this approach is revolutionary.

Aside from using technology to make educational content more widely available, Coursera has the potential to reduce the costs of traditional higher education be offering more efficient (cost effective) ways to deliver basic lecture-hall type courses. In the longer run, it could even create downward pressure on educational costs be creating competition.

Should education be thought of as a fundamental human right? Yes, and approaches like this make it a reality. Our world is getting better.

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Law school debt crisis

November 10, 2015

Screen Shot 2015-11-10 at 4.59.09 PMThis is pretty outrageous stuff.

The average debt for a law student graduation from Florida Coastal Law School exceeds $190,000. That’s probably greater than the average mortgage loan in Florida.

Too many lawyers, not enough jobs, expensive tuition, fewer applicants, lower bar passage rates, higher loan default rates. That’s pretty much the story.

This article in the NYT provides Crushing law school debt.

When I attended the University of Washington School of Law in the late 1980s, in-state tuition was approximately $700 dollars a quarter. That’s a crazy good deal. Although my Mac 512K computer with no hard drive cost about $5,000…

The end of college education as we know it?

May 1, 2015

Exciting times.

Just as information technology has made it exponentially cheaper to create a start-up technology company in Silicon Valley, it will make it exponentially cheaper to create a start-up college, almost anywhere.

Read more:  http://www.businessinsider.com/the-end-of-college-2015-4#ixzz3YuEC2ILW

In addition, the boundaries between what we traditionally describe as “higher education” and adult learning (or training) will begin to fade and ultimately disappear.

The Value of Education, Continued

November 6, 2014

Here’s a great presentation on drivers of economic growth by Amy Liu, a senior fellow at the Brookings Institute and co-director of the Brookings’ Metropolitan Policy Program. This slide is particularly interesting – and worth showing your kids…

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Return on Investment for Colleges

October 29, 2014

Really interesting data about ROI by college on PayScale.com.

A few selections. I’m guessing that the Ivys and the like rank high because they feed finance and professions. State schools with a technical or engineering bent also do well.

Here’s a sample:

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Training and Labor Markets – Some Interesting Stats

September 17, 2014

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Thanks to EvoLLLution for creating an interesting study. It’s a couple of years old, but I just ran across it.

Many North Americans have trouble keeping pace with the changes occurring in today’s work- place. Despite the existence of 9.3 million unemployed Americans, the country experienced a shortage of 7 million skilled workers in 2010, a shortage that is expected to climb to 21 million by 2020. A lack of educational attainment sits at the root of the issue. So much so, that unless more North Americans strive to achieve a higher level of education, average income per capita is going to decline within the next decade.

If I understand the stats, this means that (in theory) the skills gap is responsible for 75% of the unemployment rate (7 million unfilled positions / 9.3 unemployed).

The skilled worker shortage is expected to grow to 21M by 2020. Crazy.

I’m very interested in seeing the breakout of the skilled worker shortage.

Once employed, the need for education never ends. 70% of employers say that continuing education is a requirement to simply stay current.  Most of the report focuses on this issue.

Definitely worth a read.

Open Source Learning

November 27, 2010

Let’s raise kids to be entrepreneurs

November 7, 2010