(From Business Week):
By Peter Coy
Colleges’ spring terms are winding down, which means thousands of newly minted graduates of four-year colleges will soon be entering the workforce, encumbered by more than $29,000 in student loan debt, per average debtor. At the same time, there’s wide debate about how well college prepares students to compete for the kinds of jobs that would help them pay off their debts.
This disconnect at the top of the academic pyramid is being exploited by community colleges and online educational institutions, often to students’ advantage. What they lack in ivy and clock towers, these places make up for by understanding how to cater to busy working adults and their employers.
Today in Washington, the disruption of higher ed will take another step with the announcement of the first nationally available $10,000 bachelor’s degree. READ MORE HERE