Peter Thiel Is Wrong About Higher Education

[SheepToTheFleecing]

Title: Peter Thiel Is Wrong About Higher Education (It’s Worse Than A Bubble)
Date: April 17, 2011
Author: Robin Cangie

You don’t have to be an economist to see the rapid commoditization of higher education over the last two decades (probably longer) and its corresponding failure to actually educate. Students pay top dollar, not for quality, but for a name brand education. For-profit universities treat students as cash cows, making unrealistic promises and even outright lies to increase enrollment. Classes, even at elite universities, can top 500 students and are disproportionately taught by poorly paid adjuncts and graduate students, not professors. Cheating and grade inflation are rampant and quietly tolerated. All of this points to a spectacular betrayal of the educational principles that these institutions are supposed to uphold – namely, to educate. Meanwhile, rising tuition and student debt are justified on the increasingly faith-based grounds that it all will pay off in the long run.

Source:http://robinoula.com/institutions/peter-thiel-is-wrong-about-higher-education-its-a-lot-worse-than-a-bubble/