Consumers now owe more on their student loans than their credit cards.George Leef
Most managers now have college degrees and in the future a great majority will “require” postsecondary education. And yet, the data show that currently 18 percent of the people in this field have only finished high school and 2 percent more dropped out.Ben Miller
How do we explain that? How can people with less formal education than the work supposedly requires actually do the work?
The best explanation is that those individuals were hired before the credential mania started to engulf American business. I know someone like that. He finished high school in the mid-70s and went to work for an insurance company. He has risen to a senior management position, but his company now requires college degrees for positions of less responsibility than his. My friend couldn’t even get an interview for most entry-level positions today.
it is time to end the link between accreditors and federal student aid eligibility. There’s too much money the system is too complex to leave this function just to a small third-party agency. All of these finances and fraud concerns need to be handled at the national level by a separate group. (Whether that’s the Department of Education or someone else is up for discussion.) Either way, the end result should be a two-stage process that allows one agency to focus solely on learning and academics and the other to deal with finances, fraud, and the like...Bill Gates on the coming of online colleges: