Where does the value really lie in higher education?

Posted on April 26, 2011 by


Mark Zuckerberg, Steve Jobs, Bill Gates and Richard Branson all have two things in common.  They’re all billionaires and none of them graduated college.  With unemployment figures near the double digits, student loan debt eclipsing credit card debt and the most prominent billionaires on the planet only holding high school diplomas it becomes increasingly difficult for institutions to argue their value.  Many people will argue the point of going to college if it is only going to land them back in their parents basement.  A point can be made that those four years would be better spent developing more marketable skills in the workforce than studying ancient Roman artwork at a university.

This article from tech crunch details an interview from Paypal CEO Peter Thiel and his efforts to change how higher education is viewed.  In this article Thiel argues the real value of an IVY League education and education in general by offering 20 young entrepreneurs $100,000.00 to drop out of college and start a business.  Unfortunately, many people view higher education as a place to get a magical piece of paper that allows you to be successful in life.  Institutions need to ramp up the efforts by selling the true value of a degree.