A college diploma may no longer guarantee the high potential lifetime earnings it once did with very few qualifications ensuring a ROI of >4%. Almost 54% of recent graduates were unemployed or underemployed showinf that many students are ill prepared for the labor market, whether by fault of their own or by colleges and universities that are out of sync with the needs of a skilled work force.
Better, smarter, more adaptable and cheaper education will soon be available to all. These new ventures will no doubt challenge the traditional four-year residential, physical university model.
In the future, access to college may be nearly universal, with little or no tuition costs. We may be on the cusp of a higher education revolution. College may look very different 20, 10, or even five years from now.
William J. Bennett, a CNN contributor, is the author of “The Book of Man: Readings on the Path to Manhood.”
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