(1) I'm very worried about the number of toxic/predatory relationships this would create. "17 year old takes out $140k loan for a year of time with an industry veteran" has many devastating failure modes (2) The driven kids who'd benefit the most are already getting scholarships.
Average tuition for a year at a US private college is $35k. Nobody should pay that. Offering $140k for 1 year of regular time with any one of the best minds in your field of choice would be a strictly better use of your resources (and probably theirs, if they'd otherwise teach).
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I’d argue that predatory relationships of all kinds are a greater risk any time you’re working within a multi-$B institution with a reputation to protect, and part of the reason this isn’t obvious is that they’re really fucking good at what they’re obviously incentivized to do
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This is similar to the
@bryan_caplan theory that college is mostly signalling, rather than the actual value of the education -
I’ve read the book & I think you have to have your head pretty well buried to not agree with the broad strokes
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I take newbies on AND I pay them. CWAZY!
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hardly anyone would use that time well, and it would be a terrible use of the expert’s time, who would probably not be interested in doing more than a perfunctory job
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Agree...nice idea! my undergrad @ MIT was
expensive
Cost: >$50K/yr or ~$6K/class
Compared to a physics class i took this yr @ Humboldt in Berlin... high quality (on par with MIT), low cost
Cost: 60€/class
*~100x less expensive
*.. clearly, there are alternative systems -
Wow. How did quality rank (1-10) in subjective comparison between the two?
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Your idea would work for grad school, not so sure about undergrad. Another idea: study an European language in high school and come to the EU for college. College basically free and the relocation cost would be less than $35k.
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Disregarding the (rather central) financial aspect, I see some other issues: while there is good and bad edu, you cannot compress learning by throwing resources at it. Secondly I think overinvesting in a field so early can easily backfire, since your interests evolve as you learn
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