Most universities, surprisingly, have no way to measure their effectiveness, and most don’t try. If you can’t measure effectiveness you can’t fail.
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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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Worse than public ones? In what way(s)?
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Have you unpacked who it has been the worse for?
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Why? Is this intrinsic in some way? Their incentives are misaligned? They focus on marketing and profit because that's what they need to win?
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