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The New School Quotes
The New School: How the Information Age Will Save American Education from Itself
by
Glenn Harlan Reynolds127 ratings, 3.90 average rating, 28 reviews
The New School Quotes
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“So at the K-12 level, we’ve got an educational system that in many fundamental ways hasn’t changed in 100 years – except, of course, by becoming much less rigorous – but that nonetheless has become vastly more expensive without producing significantly better results.”
― The New School: How the Information Age Will Save American Education from Itself
― The New School: How the Information Age Will Save American Education from Itself
“The higher education bubble isn’t bursting because of a shortage of money. It is bursting because of a shortage of value. The solution is to improve the product, not to increase the subsidy.”
― The New School: How the Information Age Will Save American Education from Itself
― The New School: How the Information Age Will Save American Education from Itself
“No one disputes that college has gotten a lot more expensive. A recent Money magazine report notes, “After adjusting for financial aid, the amount families pay for college has skyrocketed 439% since 1982. . . . Normal supply and demand can’t begin to explain cost increases of this magnitude.”1
Consumers would balk, except for two things.
First – as with the housing bubble – cheap and readily available credit has let people borrow to finance education. They’re willing to do so because of (1) consumer ignorance, as students (and, often, their parents) don’t fully grasp just how harsh the impact of student-loan payments will be after graduation; and (2) a belief that, whatever the cost, a college education is a necessary ticket to future prosperity. Second, there’s a belief that college is an essential entry ticket to the middle class, regardless of whatever actual value it might provide.”
― The New School: How the Information Age Will Save American Education from Itself
Consumers would balk, except for two things.
First – as with the housing bubble – cheap and readily available credit has let people borrow to finance education. They’re willing to do so because of (1) consumer ignorance, as students (and, often, their parents) don’t fully grasp just how harsh the impact of student-loan payments will be after graduation; and (2) a belief that, whatever the cost, a college education is a necessary ticket to future prosperity. Second, there’s a belief that college is an essential entry ticket to the middle class, regardless of whatever actual value it might provide.”
― The New School: How the Information Age Will Save American Education from Itself
“Bubbles form when too many people expect values to go up forever. Bubbles burst when there are no longer enough excessively optimistic and ignorant folks to fuel them. And there are signs that this is beginning to happen already where education is concerned.”
― The New School: How the Information Age Will Save American Education from Itself
― The New School: How the Information Age Will Save American Education from Itself
