Will higher education undergo radical change? Of course. History tells us that it always has. Compare the American higher education system today with that of a century ago. A century ago, 355,000 persons were in American colleges. Even adjusting for population growth, the numbers today are about 15 times greater. In 1910, no school had more than 10,000 students, and the research university on the German model with Ph.D. programs was in its infancy, with fewer than 450 doctoral degrees awarded in 1910, less than one percent today’s total. There was no federal money in higher education. College was a relatively elitist activity that to a large extent was a finishing and character development school for future national leaders, clergyman, teachers, doctors and lawyers.A complete copy of Richard Vedder's edited remarks can be downloaded from CCAP's website here.
In other news, the AP ran a story on the recent report published by American Institutes for Research which found that college drop-outs cost taxpayers billions of dollars annually. The AP story cites Richard Vedder.
Also, don't forget that this Wednesday, October 13, Richard Vedder will be speaking at the Heritage Foundation.