"The academy is no longer an investment of time worth making... I was a priest who had lost his faith, performing the sacraments without any sense of their importance." Yet another sad piece on academia, woe.
Friedrich Nietzsche, famously a full professor at the tender age of 24, was in a good position to develop an acute sensitivity to the university as machine: "The student listens to lectures . . . Very often the student writes at the same time he listens to lectures. These are the moments when he dangles from the umbilical cord of the university. The teacher . . . is cut off by a monumental divide from the consciousness of his students . . . A speaking mouth and many, many ears, with half as many writing hands: that is the external apparatus of the academy; set in motion, that is the educational machinery of the university." [more inside]
Last year, The Cooper Union For The Advancement Of Science And Art publicly admitted it was in dire financial straits and raised the idea of charging tuition for the first time in 110 years. The students responded in an appropriate manner. But now as the specter of tuition becomes closer to reality the students took a more drastic option: Since Monday, eleven undergraduate students have expertly barricaded themselves inside the top floor of the New York college. They talk about what they want. They even get pizza. [more inside]
MIT today announced the launch of an online learning initiative internally called “MITx.” Think you can hack it at MIT? If so, the world-renowned university is willing to give you a new kind of credential to prove it. [more inside]
Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
Our Universities: Why Are They Failing? The New York Review of Books has a lengthy review of several books about problems in higher education, pulling together the various causes that ultimately lead to universities failing to educate students. [more inside]
Dorothy Gambrell of Cat And Girl fame spends an awful lot of time talking about education, class, debt, money, and the hollow promise of aspirational media to discuss how much she hates Good Will Hunting
The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]
Kelli went to Northeastern University and got loans to pay for her sociology degree. Her repayment schedule is featured in the article and it is not pretty. [more inside]
Is College Worth the Cost? In strict dollar terms, is that degree going to be worth the parchment it's printed on?