We often hear that Higher Education is in crisis. Two things are happening: (A) Higher Education is suffering within from a growing number of problems, and (B) it is under attack from without.
The complaints:
● Higher education has become prohibitively expensive, especially at the high prestige, private institutions such as the Ivy League. This forces many students into huge indebtedness, from which they need years to extricate themselves.
● Students are not taught job-relevant skills. Many of them, upon graduating and hitting the job market, have difficulty landing well-paying jobs.
● Nor is employment in higher education as enviable as it was in the past: Pay and tenure (= job security) are under assault: By now, half of all faculty appointments are non-tenure track. These employees are largely required to have a PhD and their first-year annual salary ranges from $55K to $75K, depending on the state, the institution and the field.
● As a result, college is no longer viewed as a universally desirable path to success. Particularly, “Joe college” is a vanishing breed. Men are especially giving up on college. 58% of all new college entrants are women, only 42% are men.
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