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from the will-Harvard-be-one-of-them? dept.
CNBC:
There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.
Christensen is known for coining the theory of disruptive innovation in his 1997 book, "The Innovator's Dilemma." Since then, he has applied his theory of disruption to a wide range of industries, including education.
In his recent book, "The Innovative University," Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.
What percentage of their graduates will be bankrupt?
(Score: 5, Insightful) by Taibhsear on Wednesday September 05 2018, @02:58PM (7 children)
Yes, and it has nothing to do with Republican politicians cutting funding for said schools and trying to bust unions and fucking the economy so no one can afford to go to school without going into un-bankruptable dept because of rising tuition because of said budget cuts or anything... /sarc
(Score: 2, Disagree) by The Mighty Buzzard on Wednesday September 05 2018, @04:38PM (6 children)
Higher ed schools should never have been govt funded to begin with. If they can't make ends meet off of the absurd amounts they charge, they are astoundingly poorly managed.
Also, anyone taking out a student loan for a degree that isn't nearly certain to make every bit of it back for them in five years is a colossal fucking moron.
My rights don't end where your fear begins.
(Score: 1, Touché) by Anonymous Coward on Wednesday September 05 2018, @04:56PM (1 child)
They're not morons. They Learned How to Learn, after all. It just so happens that they need someone else's help whenever they need to learn anything else.
(Score: 2) by The Mighty Buzzard on Wednesday September 05 2018, @05:43PM
They also learned how to acquire massive debt that's immune to bankruptcy at a time when they have essentially no income. This is an extremely valuable lesson if we want to keep a thriving student loan industry in the nation.
My rights don't end where your fear begins.
(Score: 3, Insightful) by Taibhsear on Wednesday September 05 2018, @06:43PM (1 child)
Farmers should never have been govt funded to begin with. If they can't make ends meet off of the absurd amounts they charge, they are astoundingly poorly managed.
Also, anyone taking out a loan for farming equipment that isn't nearly certain to make every bit of it back for them in five years is a colossal fucking moron.
(Score: 2) by The Mighty Buzzard on Wednesday September 05 2018, @09:10PM
Yeah, I'm okay with that.
My rights don't end where your fear begins.
(Score: 2) by FatPhil on Friday September 07 2018, @12:19PM (1 child)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by The Mighty Buzzard on Friday September 07 2018, @07:22PM
Over here our higher ed industry by and large practices systematic indoctrination. You know, mandatory classes wherein you must be able to parrot back and argue effectively from the position of slightly dated radical propaganda or fail? Systemic suppression of thought and speech that run afoul of up to the minute radical propaganda? You're better off teaching yourself most subjects from readily available materials than going to college today. You'll certainly have a better financial position when you're finished.
My rights don't end where your fear begins.