The thing holding people back from education that would give them a high paying job is:
a. It’s expensive. (Yes loans exist, but)
b. It’s incredibly risky to rack up huge loans. What if it doesn’t work out?
Solution: Let institutions (schools) hold the risk #skininthegamehttps://twitter.com/michael26118788/status/1022493648686997509 …
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As a student you only have one shot, and very limited information around careers/job markets. Student loans could financially ruin you *forever*. Institutions have resources to research job markets very thoroughly and portfolio theory.
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Wouldn't schools also continuously keep raising their standards. If schools were to bear part of the risk, the most direct method to reduce risk would be to only select their students who would succeed regardless of the school they are in and would start limiting who gets to go!
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Great incentive setting. However I'm stuck with figuring out e.g. arts education: no tuition for art schools?
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Truth. Domino effect of survival. Lack of education on one, costs millions down the line.
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Repeat after me: College is not a job training program.
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You’d be amazed at how quickly students would improve if people actually cared about education more and less about how big their tax return is. However, an educated population pays attention so we won’t be having any of that. Just above self-interested is where they like everyone
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I hope this is just some 3am philosophical musing and not something you actually believe would be good policy
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He runs a school that does exactly this.
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Right but there's a difference running one small school that works in a specific context and saying public education should all work like this
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Public education should work like this.
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Like college? Or you mean public education of all ages?
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You want kindergarten to have a solid ROI?
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You don't think we should try to quantify the value of learning? Not all returns are measured in immediate dollars.
End of conversation
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Or they would prioritize pushing you through at the cost of your education, because money. I learned to take tests real well for that very reason.
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That’s an interesting idea, it would also motivate colleges to improve their programs. They would have more incentive to do so.
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