“Once upon a time in America,” says professor Sajay Samuel, “going to college did not mean graduating with debt.” Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. Samuel proposes a radical solution: link tuition costs to a degree’s expected earnings, so that students can make informed decisions about their future, restore their love of learning and contribute to the world in a meaningful way.
I’ve always believed that Universities are the biggest most profitable “business” in the US and other countries – have had big discussions about this with colleagues. This presentation confirms my point. I agree with Sajay Samuel that somehow the business model has to change and those accountable need to transform themselves to place the student at the center. PUNTO.