This is a tweetstorm about things that have surprised me having started a school, coming from a non-educational background
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11. Tuition at any Ivy League school is pretty much a rounding error no one cares about. Endowments are all that matters.
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12. Think for profit universities are bad? They’re worse than you think. Almost no matter how little you think of them they manage to be worse than that
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13. There are dozens of careers that are a 100% employment guarantee. There are dozens of careers where <50% get jobs. Everyone knows what those are on a university faculty, but no one does anything about it because universities don’t see it as their role to get you a job
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14. Universities and colleges that achieve accreditation (the kind that matters) are incredibly locked in as to what they teach, how long they teach it, and what requirements are
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15. Code bootcamps know they don’t prepare programmers very well for the job market, but they can’t lengthen their programs because then they’d have to increase the prices they charge accordingly, and the market disappears at 2x bootcamp prices
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16. There are many, many code bootcamps with <25% hiring rate that do millions of dollars per year in revenue by promising jobs
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17. People rely mainly on their parents for advice on what to do about education, and that has to be among the worst places to go for educational advice
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18. Economically we vastly undervalue education. A $10k swing in income when you’re 20 yrs old is actually worth $400k+ over your lifetime, but we’re (rightfully) skeptical of the returns
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19. We really have no way to measure how much universities help because there’s so much selection bias involved. E.g. what if you took all the people that got accepted to Stanford or Harvard and had them all go to the same community college? Or different schools? We don’t know.
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20. People who have never made upper middle class jobs are unused to working for people that want them to succeed
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21. Lack of access to a computer almost kept some of our best students from being able to attend. Those aren’t expensive.
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22. Bank accounts are surprisingly hard to get if you don’t have much money
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23. One of the biggest limiting factor in many Americans getting an education is geography. They don’t live near a college/university and making that move would be tremendously expensive relative to their incomes
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That’s all for now. Thanks for playing!
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End of conversation
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What % of people who start your program finish in a reasonable (curious for your definition) amount of time? Helped build minerva and agree w a lot of your tweets but research on online only persistence rates for low income students is not good
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Almost everyone. The reason the rates have been so bad is that people take a bunch of their old content, put it in a self-paced LMS and then say “let’s see how completion rates are.” Of course they’re bad that way.
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Agree entirely w failed pedagogy of MOOCs. Active learning will transform online ed (minerva is synchronized active online learning). V curious how it works without an IRL social connection between students. Rooting for you,just skeptical of grad rate at scale
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It’s just not an issue. Our grad rate is better than paid-up-front, in-person schools
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The people who are completing those courses don't recognize them as a failure. But I know you're just echoing a popular opinion here.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Does that really make them a failure? They seem like a great step in a more sustainable, flexible and equitable direction for education. I have high hopes for how that space evolves.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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