Summary/Response to The Higher Education Bubble Essay

937 WordsJan 21, 20144 Pages
Summary/Response In Glenn Harlan Reynolds broadside response, The Higher Education Bubble, he writes that the costs of college is rising year after year. Many families are putting themselves into unnecessary debt in order to send their students to college. This pattern has repeated many times throughout the years and Reynolds refers to this as a higher education bubble. Students feel that because everyone else is going into debt it must be okay. In many cases, colleges are not helping the matter. They see that there are those desiring a higher education and are willing to do anything to attain what they (the college) has to offer. By and large they are not improving what they offer. They are not as concerned about the education as they…show more content…
I believe Reynolds wants to alert his readers that this pattern of increased costs and increased debt is happening so changes can be made. If we choose not to change we will see this pattern continue with the strong possibility of the system collapsing, or the bubble bursting. Reynolds believes when, not if, the bubble does burst we will see a number of this take place. The more expensive schools will see a decrease in attendance. The schools will try and make up the difference by raising tuition, but students are resisting. They are choosing other schools instead. This will mean jobs, salaries and programs will be cut. It won’t mean the end to higher education but it could cause the closing of some of the smaller schools. In order to make some changes for the future, higher education needs to improve upon education itself while also lowering the costs of tuition. In some institutions they can provide certifications without requiring four (or more) years and a six-figure investment. This could be a huge advantage, especially if employers find the certification to be a more reliable indicator of competence than an actual college degree. Combine that with apprenticeship programs or internships and you might not need a college degree for many careers. Colleges may need to investigate updating online programing or possibly webcast lectures. Colleges also need to adjust their programs to accommodate what the future students actually need
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