What is the future of tertiary education?
Will it become obsolete in the age of the internet?
Is the obsolescence of the 'Degree' quickly becoming a reality?
Will the Student Loan Debt Bubble pop within the next decade? What will the repercussions be?
What is the wiser alternative to pursuing a college degree in our contemporary era?
>>1926414
>Will it become obsolete in the age of the internet?
Doubtful because getting a degree isn't exclusively about learning. A big function is screening. Secondly, even if you can get a non-college institution to screen (for example with professional associations) they will need to earn their reputation.
From a normative standpoint the return of apprenticeships seems to be the most robust form of tertiary education for the professional market.
>>1926456
What exactly do you mean by:
>apprenticeships seem to be the most robust form of tertiary education for the professional market
>>1926473
Firstly, professional market as in non-academic. With robust I mean less fragile. You induce a lot of risk nowadays with college degrees. For example, high cost, gap between academia and professional practice which often leads to unemployment or underemplyoment. Apprenticeships on the other hand existed for maybe 1000 years, are low cost and do directly teach applicable skills. Most interesting are professional associations (basically neutered guilds) like the SOA or the CFA institute which already offer "degrees"/certifications which are recognized. I.e. you don't have the problem of building reputation anymore.
In the same vain I could imagine different programs offered by professional associations combined with a more practical form of an internship at a company. You still have your certification, the social cost of screening goes back to the one who profits from the screening (i.e. companies) but they also profit by having better skilled workers.
>>1926414
>https://en.wikipedia.org/wiki/Credentialism_and_educational_inflation
>https://en.wikipedia.org/wiki/Grade_inflation
"Credentialism and educational inflation are any of a number of related processes involving increased demands for formal educational qualifications, and the devaluation of these qualifications. In Western society, there have been increasing requirements for formal qualifications or certification for jobs, a process called credentialism or professionalization. This process has, in turn, led to credential inflation (also known as credential creep, academic inflation or degree inflation), the process of inflation of the minimum credentials required for a given job and the simultaneous devaluation of the value of diplomas and degrees."
"Grade inflation is the tendency to award progressively higher academic grades for work that would have received lower grades in the past"
So your qualification is worth shit and that phenomenal GPA you graduated with means fuck nothing
>There are people in this world who actually fail college
Maybe - but not for a while.
I work at a huge University, and my opinion is universities need a niche to survive into the future.
We do huge amounts of research, mostly in the medical field, and own/operate loads of hospitals in a wide range of different specialisms. If you graduate here, you literally get placed into one of the university operated hospitals, so it's a great deal/incentive
I imagine universities just offering bog standard courses will die out - although, I honestly do not see that happening for a good few decades at the minimum. Having a degree is still very much the gold standard / minimum requirement to getting even a low level job