Yes, good point. College is a bundle of many services, of which academic training is only one. Thus college continues to be a draw even though the academic aspect of it is increasingly watered-down/corrupted/becoming irrelevant. No other institution in American life offers this valuable bundle of a good lifestyle with great socializing and networking opportunities. If one does happen to pick up a useful thing or two in the classroom, then it is icing on the cake. Which is probably why the availability of online learning has not made much of a dent to the prestigious college's business model.
Fantastic piece Robert. Sent this one to multiple people I know. Thanks
Yes, good point. College is a bundle of many services, of which academic training is only one. Thus college continues to be a draw even though the academic aspect of it is increasingly watered-down/corrupted/becoming irrelevant. No other institution in American life offers this valuable bundle of a good lifestyle with great socializing and networking opportunities. If one does happen to pick up a useful thing or two in the classroom, then it is icing on the cake. Which is probably why the availability of online learning has not made much of a dent to the prestigious college's business model.
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