This Is The Future Of College

Excerpt: “Charging people lots of money to provide them with skills they could learn from an Internet video is probably not gonna be a viable long-term financial model,” says Richard Miller, president of Olin College of Engineering. “Knowledge is now a commodity. It’s really inexpensive and easy to get. Who’s gonna pay you for that? So now we’re in the process of changing.”

But changing how?

Experts say that within the next 10 to 15 years, the college experience will become rapidly unbundled. Lecture halls will disappear, the role of the professor will transform, and technology will help make a college education much more attainable than it is today, and much more valuable. Indeed, a number of institutions may shut down. But those that survive will be innovative and efficient. Here’s what they’ll look like.

A Focus On Skills, Not Semesters

For college students today, success is measured in credit hours. Time spent in the classroom, reading, attending lectures, taking tests, all done with the hope of a passing grade. But all the credit hours in the world don’t guarantee students actually learn anything applicable in the workplace, and employers know this all too well. “I can’t tell you how many times I hear clients say, ‘I just can’t find the right person for this job, and I can’t go to colleges because the students don’t have the innate competency,’” says Michael Maciekowich, national director of HR consulting firm Astron Solutions, LLC. “In our business, there’s a competency required that is not learned in school.”

Indeed, in one survey, 60% of employers complained that job applicants lack interpersonal and communication skills. They can pass a calculus exam, but they can’t identify or solve problems on the job, or negotiate, or lead a meeting.

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