Doomsday for Higher Education: Another Casualty of the Digital Age?

By higher education, we are referring to university degrees of four years or more. So, what happens during those four years? For most people, they amass a huge amount of student loans without acquiring the skills that the digital age requires from just about everyone. The sooner people realize that, the sooner higher education facilities are going to feel the effects of how little they really do to prepare people for the modern business world. If universities don’t change, it could be doomsday for higher education.

Universities often boast about how they prepare students for the real world, and how higher education is necessary to secure a job in a tough market. Maybe that was true a decade ago, but universities aren’t reaching those goals for most people. Just check out the unemployment rate and know that many of those people are college educated and trying to pay off massive student loans. How can academia fix this failing? First, they need to start providing practical skills for students rather than just giving students years of theory.

The next major failing of higher education is ROI (that’s Return On Investment for those of you with PhDs). School is just too expensive. There’s almost no way (unless you are a doctor or a lawyer), to graduate and pay the loans back in a reasonable amount of time. State colleges are averaging nearly $9,000 a year, and that’s if you are a resident (don’t bother if you are from another state). Private collages average over $30K a year! So, here’s the bottom line: Is what you get back worth what you put in?

Ultimately, higher education is not just failing students in the modern business world; they are also failing companies by not producing people with the skills needed for the digital age. The best education someone can get today is to learn how to be a good learner and be willing to adjust to the ever changing business world. If not, then it really will be doomsday for higher education.