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Inside Minerva, a Silicon Valley Bid To Start an Elite College Online

An anonymous reader writes with this article about The Minerva Project, a for-profit company now backed with more than $95 million from Silicon Valley venture-capital firms. Its goal is both audacious and unprecedented in the recent history of higher education: to build a name-brand, elite, liberal-arts-focused university that would cost about half of what Ivy League institutions charge. There's no campus, and all the classes take place online, but the students all live near each other in San Francisco. As small liberal-arts colleges like Sweet Briar shut down, is this campusless college the future?

85 comments

  1. Am I missing something here? by Anonymous Coward · · Score: 1

    Why should the students all live in San Francisco if it's an -online- college? Also, would be nice to have an article that isn't behind a paywall.

    1. Re:Am I missing something here? by HornWumpus · · Score: 2

      You don't get the point of liberal arts education. It's all about the PARTY.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    2. Re:Am I missing something here? by TheRaven64 · · Score: 1

      Because education needs to be expensive, and if you're not spending a lot on the education itself then you should at least move to one of the places with the highest cost of living in the US.

      --
      I am TheRaven on Soylent News
  2. Half the cost my ass by Anonymous Coward · · Score: 3, Insightful

    If I'm forced to live in San Fran, my room and board is going to cost more than if I had gone to a normal college.

    1. Re:Half the cost my ass by thegarbz · · Score: 0

      If I'm forced to live in San Fran...

      I know we on Slashdot don't RTFA. Sometimes we don't even RTFS. But I think this is the first case of not reading the fucking title, specifically the last word.

    2. Re:Half the cost my ass by phantomfive · · Score: 1

      If I'm forced to live in San Fran, my room and board is going to cost more than if I had gone to a normal college.

      Have you seen what ivy league schools charge for housing?

      --
      "First they came for the slanderers and i said nothing."
    3. Re:Half the cost my ass by diamondmagic · · Score: 1

      Do me a favor and please explain this sentence for me: "... but the students all live near each other in San Francisco"

  3. The dotcom era had Pets.com and the sock puppet by Anonymous Coward · · Score: 0

    The Web 2.0 bubble will have these guys.

    What in the world were they thinking! Duh?

    1. Re:The dotcom era had Pets.com and the sock puppet by lgw · · Score: 1

      The dotcom era had Pets.com and the sock puppet

      The Web 2.0 bubble will have these guys.

      Nicely put, but this isn't the Web 2.0 bubble, this is the tuition bubble. Universities today (and a few students) seem to think it appropriate to charge $100k in tuition for degrees that in no way help you get a job after graduation, just make you a "well rounded individual". There have always been schools like that, and they're appropriate for trust fund babies who will inherit Daddy's business, but most people need an actual job.

      What most students (and parents, and potential employers) expect from a university is an affordable program that gives you the skills to begin a professional career upon graduation, or leads directly to law or med school (or possibly an MBA). Some "well rounded individual" along the way isn't bad, but the focus needs to be a degree that employers want, with training in professional/engineering skills that make you trained for the jobs you'll apply for.

      The vast gap between what Universities do right now, and what (most) people want them to do, along with the unbelievably high tuition (and vast numbers of $300k administrative jobs at universities, while tenure stops being offered to actual professors) is a very painful economic bubble, one long overdue for popping.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    2. Re:The dotcom era had Pets.com and the sock puppet by Connie_Lingus · · Score: 1

      simple economics drives the explosion of tuition, and almost nothing else.

      once the government started handing out cheap, plentiful money to students in the form of loans and grants, the universities have every incentive to capture it all, plus more from mom and dad, if possible.

      --
      never bring a twinkie to a food fight.
    3. Re:The dotcom era had Pets.com and the sock puppet by Anonymous Coward · · Score: 1

      simple economics drives the explosion of tuition, and almost nothing else.

      once the government started handing out cheap, plentiful money to students in the form of loans and grants, the universities have every incentive to capture it all, plus more from mom and dad, if possible.

      Except that has absolutely nothing to do with why tuition is rising.

    4. Re:The dotcom era had Pets.com and the sock puppet by NostalgiaForInfinity · · Score: 2

      Nicely put, but this isn't the Web 2.0 bubble, this is the tuition bubble. Universities today (and a few students) seem to think it appropriate to charge $100k in tuition for degrees that in no way help you get a job after graduation, just make you a "well rounded individual".

      They charge whatever people are willing to pay.

      What most students (and parents, and potential employers) expect from a university is an affordable program that gives you the skills to begin a professional career upon graduation, or leads directly to law or med school (or possibly an MBA).

      Choosing worthless and overpriced degrees is the responsibility of students and parents, not of universities.

      The vast gap between what Universities do right now, and what (most) people want them to do, ... while tenure stops being offered to actual professors) is a very painful economic bubble, one long overdue for popping.

      The bubble will pop when students come to their senses. Until then, it remains worthwhile to charge inflated amounts for useless degrees.

    5. Re:The dotcom era had Pets.com and the sock puppet by Anonymous Coward · · Score: 0

      Did you pull that gem out of your ass?

      State funding has gone down, the federal government has been helping people attend college since the end of WW2, and the loans today are not cheap compared to decades ago at all with the years and interest tacked on, plus they cannot be discharged in bankruptcy.

    6. Re:The dotcom era had Pets.com and the sock puppet by Anonymous Coward · · Score: 0

      Curious, I'm not aware the citation of one piece of for-profit journalism has been deemed to be authoritative when determining cause and effect. I'm also curious about the degree to which private educational institutions are simply getting less money from the state(s)? Can I open college and get free money from the state to help run things? Certainly if it's a state sponsored school, you may have a valid point. I'm not certain qualifying state tax exemptions as public funding would qualify because a million dollar exemption at a school with tuition of $40,000/yr would net an additional 25 seats or a rather 'generous' $250 tuition decrease at the same institution with an enrollment of 4000. At any rate, I'm STILL trying to figure out why any larger percentage of my state tax dollars should be funding personal education that I certainly dont directly benefit from, and indirect benefits would be largely dubious.

    7. Re:The dotcom era had Pets.com and the sock puppet by lgw · · Score: 1

      They charge whatever people are willing to pay.

      As others have pointed out, that's distorted by subsidies. And, of course, all bubbles are build on "what people are willing to pay", just with a dose of deception about the value provided!

      Choosing worthless and overpriced degrees is the responsibility of students and parents, not of universities.

      It's unfair to expect someone to have the education to recognize they're being conned when it's the education system itself who are the con-men. Really, how are kids supposed to figure this out beforehand?

      The bubble will pop when students come to their senses. Until then, it remains worthwhile to charge inflated amounts for useless degrees.

      Ah, you're the kind who gives "libertarianism" a bad name. Fraud is fraud, and victim-blaming isn't appropriate. Sure, people should, in general, be more sophisticated shoppers and be harder targets for fraud, but that in no way changes the morality of fraud. When the education system itself it lying to kids about the necessity and value of a given degree, that's pure Evil.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    8. Re:The dotcom era had Pets.com and the sock puppet by Anonymous Coward · · Score: 0

      Curious, I'm not aware the citation of one piece of for-profit journalism has been deemed to be authoritative when determining cause and effect.

      They are just reporting the findings of authoritative sources.

      I'm also curious about the degree to which private educational institutions are simply getting less money from the state(s)?

      There is zero effect on private institutions since they do not receive state money. Tuition at these institutions will naturally rise due to inflation. Public schools have that same cost rise plus the added decrease in revenue due to decreases in state funding. That is why private school tuition is only rising at a rate of 60% over 10 years but public tuition rate is rising at a rate 105% over 10 years.

      Can I open college and get free money from the state to help run things?

      No

      At any rate, I'm STILL trying to figure out why any larger percentage of my state tax dollars should be funding personal education that I certainly don't directly benefit from, and indirect benefits would be largely dubious.

      Seeing how uneducated you are, I suggest you make use of the public universities available in your state to get a clue.

    9. Re:The dotcom era had Pets.com and the sock puppet by NostalgiaForInfinity · · Score: 1

      It's unfair to expect someone to have the education to recognize they're being conned when it's the education system itself who are the con-men. Really, how are kids supposed to figure this out beforehand?

      http://lmgtfy.com/?q=salary+by...

      Fraud is fraud, and victim-blaming isn't appropriate.

      You major in Women's Studies and you get a Women's Studies degree. You are told up-front how much it costs. There is tons of information on the kinds of careers you can take. Where is the fraud?

      When the education system itself it lying to kids about the necessity and value of a given degree, that's pure Evil.

      Oh, I agree: it's evil. And who is doing the lying? High school teachers, mostly in public schools, financed by tax dollars.

      Ah, you're the kind who gives "libertarianism" a bad name.

      I sure hope so! A "bad name" with people like you is an endorsement.

  4. Networking by F34nor · · Score: 2, Insightful

    The people you meet in college are similar to goodwill in accounting.

    1. Re:Networking by swb · · Score: 1

      I would bet that the dollar cost of a Harvard education has less to do with the education and more with the people you will go to college with.

      I'd bet that at least for the liberal arts part of it, you could probably hire luminaries in the liberal arts fields and gain private instruction for less than many elite Universities.

    2. Re:Networking by tehcyder · · Score: 1

      The people you meet in college are similar to goodwill in accounting.

      Largely fictional and generally worthless?

      --
      To have a right to do a thing is not at all the same as to be right in doing it
  5. I hate online classes. by Anonymous Coward · · Score: 4, Insightful

    Online classes follow the in person paradigm: lecture and then homework. Paying attention to video lectures on a computer is just impossible for me. There is no interaction - at least in an in-person lecture, the lecturer will ask questions or call on you.

    And then, getting feedback is difficult. My biggest bone to pick with Coursera is that you cannot discuss answers to homework or test questions.

    In one class, I got all the practice problems correct but on the exam, I couldn't get the correct answer - even after my 4 tries allowed. Others had the same problem and others didn't. Where did we go wrong? To this day, I do not know.

    If I couldn't get the exam problem correct, then I don't think I understood the concept.

    And then there are the snarky comments like, "You don't belong here!".

    After reporting it, nothing was done. I assumed that it must have been a TA that posted it. A snarky TA?

    Never happens! /s

    I have taken other online classes and they just don't cut it. Nothing beats having a real live person teach, for me anyway. I need that human contact.

    1. Re:I hate online classes. by myid · · Score: 1

      In-person back-and-forth interaction with the teacher is faster than online interaction. But one advantage of online over in-person is that you can ask questions any time, not just during the teacher's office hours.

      In an ed2go.com class, you can discuss the homework online, but not the test questions. You can post your code online, and the teacher (and sometimes a student) will tell you what your mistake was. I've taken lots of classes from them. I was happy with most (not all) of my class's teachers.

    2. Re:I hate online classes. by sabri · · Score: 2

      In-person back-and-forth interaction with the teacher is faster than online interaction. But one advantage of online over in-person is that you can ask questions any time, not just during the teacher's office hours.

      In an ed2go.com class, you can discuss the homework online, but not the test questions. You can post your code online, and the teacher (and sometimes a student) will tell you what your mistake was. I've taken lots of classes from them. I was happy with most (not all) of my class's teachers.

      I graduated from Western Governors University last year and got my master's degree. Everything was online, with the exception of the graduation party.

      Teachers were just a phone call or e-mail away. And because they did not have to attend any classes either, they were usually *always* available. Some of them even in the weekends (since that's when most people study, next to their daytime jobs) until the late hours.

      I did a two year program in less than 18 months. Try that with your traditional on-campus university.

      --
      I'm not a complete idiot... Some parts are missing.
    3. Re:I hate online classes. by goose-incarnated · · Score: 1

      Online classes follow the in person paradigm: lecture and then homework. Paying attention to video lectures on a computer is just impossible for me.

      That's part of the problem - video lectures. You want to receive information at a rate that is throttled by the talking head on screen? I completed an entire degree without seeing a single video or going for a single lecture. That was a decade ago. Now I try to learn from some coursera video and find that, maddeningly, they fail to provide transcripts of the video. Rewinding a video to re-digest something is much less effective than simply flipping pages.

      But, yeah, videos are becoming a problem - people are more interested in being seen than being read, and unsurprisingly it turns out that the type of person who would rather be seen than read is simply not worth seeing in the first place.

      --
      I'm a minority race. Save your vitriol for white people.
  6. Elite? by mwvdlee · · Score: 2, Insightful

    How do create an "elite" college from nothing?
    Isn't that officious title something a college has to earn?

    --
    Slashdot social media options: AIM, ICQ, Yahoo, Jabber and Mobile Text. Why no MySpace?
    1. Re:Elite? by Anonymous Coward · · Score: 0

      I'm not interested in paying for an online education, "elite" or otherwise.

      OTOH if they're talking about a l337 university, hmm...

    2. Re:Elite? by Anonymous Coward · · Score: 0

      How do create an "elite" college from nothing?
      Isn't that officious title something a college has to earn?

      Because the other "elite" colleges earned it, and justify their cost? Pffft, hardly.

      It's elite in the fact that it's at least trying to not cost a fucking arm and a leg as opposed to wearing it like a diamond-encrused badge of honor.

    3. Re:Elite? by Anonymous Coward · · Score: 0

      A college is elite not due to the quality of the education but because the offspring of the elite social class attend. While Ivy League schools offer world class graduate schools, their undergraduate programs are quite ordinary and hold to a "Gentleman's C" tradition (think Bush). Perhaps this college can recruit students from a perhaps non-existent Silicon Valley elite (venture capitalists?) but I wouldn't count on it.

    4. Re:Elite? by laughingskeptic · · Score: 1

      Charge a lot and have some associated token luminaries... That's how.

      There is a reason the venture capitol people like this. The vast majority of University money goes to facilities, not lecturers. These people have eliminated facilities but are not charging 10%, they are charging 50%. That's pure profit baby!

    5. Re: Elite? by Anonymous Coward · · Score: 0

      Spoken like someone who has never gone there. One third - yes one third - of Princeton's undergraduate body comes from underprivileged families, those on welfare, reduced cost lunches, and so on. At a guess that's a higher percentage than less "exclusive" schools.

      The Ivies have undergone huge changes since the days of Bush.

  7. Another diploma mill with a marketing team by guises · · Score: 3, Insightful

    The only real difference between an "elite" college and another one is reputation. They have more money and oftentimes more famous faculty and students, but these things just come as a result of the famous name. So how do you get the name? Mostly by being old. Strike against Minerva there... I was going to do this whole contrived "three strikes" metaphor, but this just isn't necessary: Minerva is for-profit, that's really all you need to know to see that this is another diploma mill. You'd have a better chance of your degree meaning something if you got it from Udacity. They don't offer full degrees, of course, but maybe some day?

    1. Re:Another diploma mill with a marketing team by joe_frisch · · Score: 4, Insightful

      Another major difference between colleges is the interaction with other students. For example at Caltech you are in an environment where it is normal to study for a few hours every night, and where scientific discussions are common, you will get more mental exercise and learn more. An elite liberal arts school will likely provide equivalent benefits.

      Then, while less "pure", the contact you make at an elite school are very valuable in your future career .

    2. Re:Another diploma mill with a marketing team by pepty · · Score: 1
      See upthread:

      The people you meet in college are similar to goodwill in accounting.

      At an elite school you will live and study with incredibly intelligent and ambitious students who are already beginning to have an impact in their fields before they get their BS/PhD. Your professors will include Nobel laureates who may well have invented your field of study. Together they will shape your approach to your studies and your career. Of course, that's elite in science/technology, not "elite" as defined by Minerva's PR firm.

    3. Re:Another diploma mill with a marketing team by byteherder · · Score: 1

      The "real" difference between elite colleges and other ones is that elite colleges produce graduates who succeed in the real world. How many Harvard graduates head Fortune 500 companies? How many graduates from ITT do? How many graduates go on to get PhDs or MDs? How many win Nobel prizes?

      The reputation of the college you went to doesn't get you on board of directors. It doesn't get you the job of President of a prestigious universities. It doesn't command million dollar salaries on Wall Street. Those have to be earned, and graduates from elite colleges do in higher numbers than non-elite colleges.

      That my friend is how you get to be an elite college.

    4. Re:Another diploma mill with a marketing team by guises · · Score: 1

      The reputation of the college you went to doesn't get you [all of the things that are influenced by the reputation of the college that you went to]

      I don't know what you're smoking here, you've clearly never applied for a job on Wall Street. That is literally the second thing the headhunter will ask you, right after: "Is it legal for you to work in the US?"

      Certainly, the name doesn't get you those things by itself - the greatest correlating factor with a person's salary is the wealth of their parents. But the name of their school is up there.

    5. Re:Another diploma mill with a marketing team by Anonymous Coward · · Score: 0

      An elite college is elite because of successful graduates, ergo elite colleges produce graduates that earn success. You may want to retake logic 101 and reassess your assertions.

    6. Re:Another diploma mill with a marketing team by byteherder · · Score: 1

      You are the one that need to retake logic 101.

      My assertion is the at elite colleges are elite because they produce more successful graduates. If that assertion is false, then elite colleges have nothing to do with the success their graduates and other non-elite colleges would produce equally as successful graduates. We reject the negative assertion is false.

    7. Re:Another diploma mill with a marketing team by Type44Q · · Score: 1

      An elite liberal arts school will likely provide equivalent benefits.

      Yep; a high THC level in your bloodstream.

    8. Re:Another diploma mill with a marketing team by byteherder · · Score: 1

      I have applied to plenty of Wall Street jobs. Yes, what college you went to comes up, and even gets used as a filter at some places. It can get you in the door for the interview but reputation is not going to get you to the executive suite.

      Elites are elite for a reason, they give you the knowledge, tools and connections to be successful.

    9. Re:Another diploma mill with a marketing team by Anonymous Coward · · Score: 0

      Online colleges won't be able to compete with Ivy League Schools. The point of going to an Ivy League school is to demonstrate that you can work a part-time job, do extra curricular activities, skip lectures, go to parties and still get top grades. Employers then consider you corporate material and will allow to work for them for free! They don't care about specifically what you actually learnt only that you can learn and operate under pressure. Things change so quickly that that what you did learn, and have now forgotten, is out of date anyway. Employers aren't interested if you can learn some skill, in your own time, when it suits you.

      They want hundreds of thousands of dollars spent by individuals and governments to so they can easily sort out those who can jump through one particular hoop from those who can't.

      http://www.newrepublic.com/article/119321/harvard-ivy-league-should-judge-students-standardized-tests

  8. You want fries with that? by Anonymous Coward · · Score: 0

    Enjoy your anthropology degree, Noah.

  9. Training, not college by RalphSlate · · Score: 3, Insightful

    I'm not sure if the people who try things like this are stupid, or think that everyone else is stupid.

    College is not the equivalent of training. It is an experience that transforms people during a period of time when they are still able to be transformed. Some of that is about learning specific things that you will need later. A lot more is about the ability to train yourself to learn specific things that you may never need later - so the training is the valuable thing, not the knowledge. More is about learning how to take on experiences, but in a sandbox environment, trying things that you could not easily do elsewhere. Getting involved in clubs and activities. Being a DJ on a radio station. Learning how to live with others in close quarters. Learning how to both succeed and to fail.

    Coupled with that is the exposure to people who are not you. Creatively mixing your thoughts with others in a relaxed, informal setting. Broadening your horizons. Still in a sandbox though, because you're going to screw up. You're going to piss people off. You're going to make mistakes.

    I still remember the lesson I learned in my "contract negotiation" class, when my negotiating team was up against a team made up mostly of hockey players. My team, representing "labor", with one older guy on it who probably was in a union, decided that it would be a good strategy to play hardball with the other team ("management") because the older guy surmised that the hockey players could not afford to come to a stalemate because a failing grade would bounce them off the team. The strategy worked, but I was disgusted with the tactic, so I wrote a paper outlining the problems with this negotiating approach.

    That sandbox is the part of college that is the most expensive. I'd guess that it costs more than half of the entire cost of the "education". That means this for-profit company is trying to take advantage of people who naively believe that "college" is just about a credential, a piece of paper that says you met a minimum set of requirements. An online "college" can not offer most of what a campus-based college offers. It can only offer the "training" part, plus maybe a little of the "learning how to learn" part.

    1. Re:Training, not college by Connie_Lingus · · Score: 1

      the "tactic" actually sounded pretty smart to me, and say what you will, the "older guy" definitely understood how to negotiate in the "real" world.

      --
      never bring a twinkie to a food fight.
    2. Re:Training, not college by Joe_Dragon · · Score: 1

      and if that team where people on the football or basketball team then they would not be at risk of a failing grade at all. Also now days the NCAA will likely them to be far from any union talk

    3. Re:Training, not college by EdwardFurlong · · Score: 1

      Sounds like you believe what the brochure said hook line and sinker. There is no definition of college that says it has to be all those things... clubs, sports, dorms. You can go to college just to learn, and maybe at a school that doesn't spend crazy amounts of money on non academic things.

    4. Re:Training, not college by dj245 · · Score: 1

      the "tactic" actually sounded pretty smart to me, and say what you will, the "older guy" definitely understood how to negotiate in the "real" world.

      Difficult and abusive negotiations are not the path to repeat business.

      --
      Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
    5. Re:Training, not college by Xel · · Score: 1

      But repeat business isn't important in today's economy. It's
      1. Create a concept..
      2. Market the concept.
      3. Sell out to Google, Samsung, Apple, or Comcast.
      4. Let them worry about repeat business.

      --
      "Eagles may soar, but weasels dont get sucked into jet engines."
    6. Re:Training, not college by Xel · · Score: 1

      Unfortunately, people who go to for-profit colleges end up as middle managers, HR admins and hiring agents. You know, the people who read your resumes and discard them if they don't have those credentials. Its all about the certificate, just completely skip over anything like real world experience, imagination, innovation, ability to improvise, people skills, etc etc etc.

      --
      "Eagles may soar, but weasels dont get sucked into jet engines."
  10. we don't need another... by Anonymous Coward · · Score: 0

    university of phoenix.

    and 'half an ivy league' cost? that's ridiculous, hardly a goal even....cost to attend harvard this year... over $60k..

    there's enough for-profit colleges and universities out there... the only 'elite' one that will appear online will be the first of the highly regarded traditional institutions to go whole-hog into online course and degree offerings while awarding the same degrees and diplomas as to their traditional students.. but none are willing to do that for what should be a substantially lower cost as that would really chew into traditional enrollment numbers... so any that offer online courses now do so at the same costs (or nearly so, and even in some cases higher) as traditional enrollment without on-campus housing.

  11. A better article, not behind a paywall: by D-Fly · · Score: 3, Informative

    This is not really a purely online college, as the poster describes. It's an interesting mix between online and offline: all the students are supposed to live together; they do their classes on computers. The physical location can change annually too. The Atlantic had a better article about Minerva a couple of months ago, and it's not behind a paywall: http://www.theatlantic.com/fea... What's really interesting is the instant and continuous feedback from the professor described here as the Minerva method. It sounds like truly scientific learning, a much better technique than the big lecture hall format, with students zoning out half the time.

    --
    \
    1. Re:A better article, not behind a paywall: by burtosis · · Score: 1

      a much better technique than the big lecture hall format, with students zoning out half the time.

      whoa, whoa there. I had to tough out falling asleep along with every other student in my class. Faking attention through extremely boring lectures by boring people *IS* one of the most valuable workplace skills out there. I haven't read the article or the summary but I'm beyond certain it's a recipe for failure if it dosent address the important aspects of college education.

    2. Re:A better article, not behind a paywall: by InfiniteZero · · Score: 1

      Thanks for the link. Sounds like the key to Minerva is their platform that promises to be more interactive and engaging than the traditional lecture hall style classes.

      I think it has potential. However, an overall college experience has much more to do with knowledge and learning.. It's about the people you meet. It's not clear whether Minerva has an edge in that regard.

  12. Perhaps if you get David Braben on board? by Ecuador · · Score: 1

    I could call that an "Elite" college...

    --
    Violence is the last refuge of the incompetent. Polar Scope Align for iOS
  13. Value of Ivy League is Networking by LetterRip · · Score: 1

    The highest reasonable price would be that of a cheap community college. The price of an Ivy League is due to the value of the networking (both your peers, instructors and alumni).

    1. Re:Value of Ivy League is Networking by Anonymous Coward · · Score: 0

      ivy league wet pussy gone wild

  14. Re:As far as I'm considered, this article ends wit by bmajik · · Score: 1

    I don't think the distinction you're making is as bright of a line as many people wish it were.

    When you think of "for profit" college, do you think of the motivations? The governance? The educational results?

    I look at "normal" colleges and I see many examples of
    - bad motivations: if you don't think "normal" colleges aren't motivated by the wrong things, look at how much money gets pumped into athletics programs. look at how much money goes to administrative stafff. look at how much money goes to building lavish student unions, extra rec facilities, and all kinds of other things that aren't really related to the "stated" mission of the university. instead, they're related to attracting student enrollment with candy; attracting not the top of the intellectual pyramid, but the broad base, with bread and circuses...

    - bad governance. University administration and leadership live like royalty in some places. In my humble state the university chancellor is apparently forcing campus cops to be his personal chauffer. The higher ed system in this state badly misdirects state funds, over and over, and is never held accountable.

      - bad outcomes: plenty of people coming out of "normal" universities with toy degrees that are unemployable, and worse, really have no insight or understanding into anything worthwhile... and yet are saddled with plenty of debt.

    Private universities are a response to current realities: many low-risk jobs require a paper degree, but no actual skills. Many traditional universities are needlessly stupid and expensive if all you want is that paper. And there is plenty of free money to go around, irrespective of merit.

    I agree that for-profit diploma mills are probably a net negative. My point is that "normal" universities, in broad strokes, may not be any better.

    --
    My opinions are my own, and do not necessarily represent those of my employer.
  15. Typical Silly Valley by Anonymous Coward · · Score: 1

    "We can have X without physically-necessary-for-it-to-work Y!"

  16. Re:As far as I'm considered, this article ends wit by Calavar · · Score: 1

    I'm not saying that for-profit universities are bad because they seek a profit. But there is an undeniable trend: For-profit colleges are worse than non-profit colleges by almost every metric.

    Motivations: Yes, some non-profit universities are spending enormous amounts of money on sports, but sports spending is an investment that returns profits that are used for education. For-profit schools, on the other hand, spend more than $400,000 a day on ads while downsizing their teaching staff.

    Governance: Yes, another legitimate gripe with non-profit universities. But once again, for-profit universities do it worse. Read the consumerist link I posted earlier. Widepsread misrepresentation of graduation and placement rates. Falsification of grades to prevent students from failing out. Termination of faculty members that failed too many students.

    Outcomes: Yep, there are lots of recent graduates of non-profit universities who are jobless. But how many of them went to universities that have campuses with 0% graduation rates? You have to wonder what they point of a university is when it fails to graduate any students. There's also the fact that many for-profit colleges are charging $20,000 - $30,000 for associate'sdegrees. You could get that for less than $2,000 at you local community college.

    Private universities are a response to current realities: many low-risk jobs require a paper degree, but no actual skills. Many traditional universities are needlessly stupid and expensive if all you want is that paper. And there is plenty of free money to go around, irrespective of merit.

    100% true. But I don't have anything against private universities. In fact, I went to a private university. That said, it was a non-profit, regionally accredited private university -- the complete opposite of the nationally accredited for-profit universities that were mentioned in the articles that I linked to. Private does not equal for-profit, and that is an important distinction to make. This image sums it up nicely.

  17. opaque questions are a BIG problem by Anonymous Coward · · Score: 0

    I used to work in computer based training, and am now taking a degree online. Yes, bad questions are the real problem. The question was usually set a long time ago in a galaxy far far away, and if it makes no sense, well tough.

    This is a fundamental problem with online courses IMO. The business model for online is to make it once, and use often. But high quality questions don't work like that. They need to be constantly refined. It is incredibly difficult to write good questions, especially at the cutting edge where the rules are always changing. If a question is poorly written you need to get it fixed. That means direct access to the person who wrote it, not emails saying "we have passed on your concern" and then silence.

    This assumes the real world tutor is good of course. Elite colleges cannot guarantee that, as I know from experience. At least online colleges can guarantee a baseline standard, which is where they have the edge.

    I predict that an elite online college is doomed to fail because everything is written down. But a regular online college will succeed (at least when judged by quality for exactly the same reason.

  18. FYI, this is the strategy: by Anonymous Coward · · Score: 0

    Common Core for the Masses. We must have a dumbed down worker class.

    For our kids? They'll attend elite colleges and private schools. We shall keep the elite ruling class separate.

    ---

    I mean, how much does it take to run a website once it's coded up? Make that shit a MOOC or I smell a rat.

  19. make it so you can do a chapter 11 or 9 to get rid by Joe_Dragon · · Score: 1

    make it so you can do a chapter 11 or 9 to get rid of the loans and then the banks will force the schools to cost less and do better.

  20. Minverva Project is . . . by sgt_doom · · Score: 1

    . . . DoD/CIA, dood!

  21. Re:make it so you can do a chapter 11 or 9 to get by HornWumpus · · Score: 1

    Or leave it like it is and let future students learn from the current batch of idiots.

    --
    John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  22. Re:make it so you can do a chapter 11 or 9 to get by lgw · · Score: 2

    It's unfair to call the current batch "idiots" when they've been lied to consistently by teachers, guidance counselors, and then professors that their college education will be both necessary and meaningful. And likely that's still true for some engineering fields (though the price is still a bubble), but for a "Grievance Studies" degree? It's one Hell of a sophisticated con job, and I have some sympathy for the marks who fall for it - how's a kid supposed to figure out that the educational system as a whole is not a source of truth?
     

    --
    Socialism: a lie told by totalitarians and believed by fools.
  23. Re: The dotcom era had Pets.com and the sock puppe by Anonymous Coward · · Score: 0

    You are confused sir. There is no fraud when someone willingly chooses poorly yet still receives a quality education in a field that is irrelevant. That's called personal choice.

  24. Which kind of elite? by EmperorOfCanada · · Score: 2

    To me there are two kinds of elite. The classic one that generally serves only the rich elites is a university that is very hard to get into.

    But the second kind would be one where they teach hard things to high levels and thus it is hard to graduate from. With an online scenario it could be possible to let pretty much everyone in and let the actual courses be the filter.

    That said, I have a nephew who recently graduated from a third rate university's engineering program. Basically they taught them shit but worked them to the bone. If you didn't have a fantastic work ethic and discipline then you may very well not complete the course. But the engineering skills learned would be borderline useless.

    So what I would love with an online truly elite university would be basically opensource courses. That is all the materials, videos, tests, etc would be published. This way they would have trouble concealing the fact that their course sucked.

  25. Re:As far as I'm considered, this article ends wit by trout007 · · Score: 1

    The whole non-profit thing is a scam anyway just like non-profit healthcare. It's just a ruse to avoid taxes. Everyone involved in a non-profit makes money. It's just the accounting.

    --
    I love Jesus, except for his foreign policy.
  26. Re: The dotcom era had Pets.com and the sock puppe by lgw · · Score: 2

    You are confused sir. There is no fraud when someone willingly chooses poorly yet still receives a quality education in a field that is irrelevant. That's called personal choice.

    I believe you're out of touch. There are people who genuinely believe that a "Women's Studies" degree, or an Anthropology degree, etc, will help them get a job and prosper, because they've been sold a bill of goods.

    I'd love to see clear product labeling for degrees. "People with this degree make about the same in five years as people with no degree make at the same age", or "people in this field make above the median income, but few graduates with this degree from this college are working in this field".

    We could at least provide the level of information easily available to a car shopper, no? Then perhaps market corrections would happen before the absurd sort of bubble we have today!

    --
    Socialism: a lie told by totalitarians and believed by fools.
  27. Re: The dotcom era had Pets.com and the sock puppe by NostalgiaForInfinity · · Score: 1

    There are people who genuinely believe that a "Women's Studies" degree, or an Anthropology degree, etc, will help them get a job and prosper, because they've been sold a bill of goods

    "Sold" by who? My college didn't promise wealth from a Women's Study degree.

    We could at least provide the level of information easily available to a car shopper, no?

    "We" do. It's been in books and newspapers for over half a century. It's online these days. http://bit.ly/180oEsq

    Then perhaps market corrections would happen before the absurd sort of bubble we have today!

    It's questionable whether there even is a bubble. The vast majority of Americans graduate from college without large debts. You accumulate a large debt and have trouble repaying it if you (1) choose to go to an overpriced, elite school and (2) major in something useless. That's a small percentage of all majors, and they really only have themselves to blame.

  28. Re:As far as I'm considered, this article ends wit by EdwardFurlong · · Score: 1

    My community college is more like 8k. 60 hours at 135 per credit hour.

  29. Re: The dotcom era had Pets.com and the sock puppe by Anonymous Coward · · Score: 0

    It's questionable whether there even is a bubble. The vast majority of Americans graduate from college without large debts.

    Further most of the graduates with large debts and defaulting on those loans are students that attended for profits colleges like the one mentioned in the article.

    For profit colleges have 10% of all students but 44% of all student load defaults.

    Median Student Debt is 2007-8 for Four Year Institutions
    Public: $7,960
    Private Not For Profit: $17,040
    For Proit: $31,190

    Reference

  30. No GPA, just ROI by JasonNolan · · Score: 1

    I bet the VCs will own all the IP. Faculty will all be pundits and TED-talk allstars. And the graduates will be working for daddy.

    --
    https://www.tandfonline.com/doi/full/10.1080/1369118X.2013.808365
  31. bullshit by Anonymous Coward · · Score: 0

    use the same names for evil shit that already have these names to divert attention away from them, a classic CIA technique.

    http://minerva.dtic.mil/

    See Katy Perry's "Prism" as another example - name something extremely popular as the same name of your spying program

  32. This is just what we need... by Anonymous Coward · · Score: 0

    This is just what we need. Another online school teaching "soft" courses so that people can get a their journalism of underwater basket-weaving and BB stacking bachelor's degree without learning critical (science) based thinking skills.

    Now, don't get me wrong - I have a BA in Cultural Anthropology. Why? Because the Comp Sci department at the Uni I went to was incredibly closely wedded to the Math department. How closely wedded? The CS Major class load had more credit hours in Mathematics than the Math Major did. After taking 3 tries to get through Introductory Calculus, I gave up on the CS major after learning more about calculus in 10 minutes talking to a EET student - because I no idea what a derivative or a integral actually _did_ in the real world. Predominantly because my Math profs had no idea what a derivative or integral actually did in the real world and only knew that it "worked on paper."

    Truly a case of "those who can't do, teach."

    1. Re:This is just what we need... by Anonymous Coward · · Score: 0

      Would you mind elaborating on the Intro the Calc course by telling me how they tried explaining what a derivative/integral was?

      Would you mind mentioning which university this was?

      Have you considered checking our how those professors did when it came to ratemyprofessors.com ?

  33. Re:As far as I'm considered, this article ends wit by phantomfive · · Score: 1

    Wow, according to your chart, for-profit universities (DeVry) are more expensive than private/public universities. There is literally no reason to go to a for-profit university. I had always figured they were cheap, and that's why someone would go......but they aren't cheap, and they aren't good (I put them at a level below community college as far as job recruiting goes). That's really sad.

    --
    "First they came for the slanderers and i said nothing."
  34. Re:As far as I'm considered, this article ends wit by Anonymous Coward · · Score: 0

    They probably should put restrictions on how non-profits operate them, if they so choose to be called that anymore.

    Anyway, we should change the laws regarding accreditation in schools. We should require them to abide by certain standards, such as no more than X% of qualified tuition to administrative purposes, salary caps, etc., if they want to receive federal aid in the form of student loans, grants, etc.

  35. Problems by JimSadler · · Score: 1

    I suspect that primary education will be heavily impacted by computer learning at home. it is a political issue which pits breeding families against those who desire to pay less taxes. It will also hit minorities and non traditional families far harder than upper middle class families and suppression of minorities seems to be an actual goal in the US. When it comes to colleges our system has degraded and college students are now a divided group with non academic types out numbering more legitimate academic personalities. Students with serious academic desires need to be cloistered as they make huge sacrifices as they face impossible academic demands. It is important to see what other academics are giving up in order to acquire knowledge. There is a bit of group suffering and bucking up ones fellows that is vital. Yet the bulk of current college students are treating education more like a trade school in which they simply need to get some certificates in order to find better employment upon graduation. Frankly these students do not belong in colleges at all. And we even have teachers and professors who are in this group. They simply act like some sort of tape recorder that soaks up what is told to them and passes it to the next cluster of students without ever doing any real study into their own fields. Thus they pick up factual errors and pass it from generation of students one to the next until the false fact becomes some sort of academic truth.

  36. getting up to speed by billdale · · Score: 1

    Non-profit... for-profit... lotsa profit, online, on campus... it's all just the tail wagging the dog if the education leaves you spending most of the rest of your working life paying for it, which is what it's become. Yes, the educational system is in for a big bubble-busting disruptive technology that will put the vast majority of those overpaid uni execs on unemployment. The name of the bubble buster is Khan Academy, and once it gets up to speed-- and it's getting there fast-- this country as well as many others will begin to see a level playing field in education and employment opportunities. Thank you, thank you, a thousand times over, Salmon Khan https://www.khanacademy.org/

  37. Re: The dotcom era had Pets.com and the sock puppe by Anonymous Coward · · Score: 0

    Loans for college are easier to get now in the US because they are all run by the government and there is no attempt to price for loser majors or loser students.

  38. Re: The dotcom era had Pets.com and the sock puppe by tehcyder · · Score: 1

    There are people who genuinely believe that a "Women's Studies" degree, or an Anthropology degree, etc, will help them get a job and prosper

    Having a degree in Women's Studies or Anthropology (or Ancient Greek or Medieval Music, or whatever) proves to employers that you are capable of getting a degree. The assumption that you are then limited to jobs in Women's Studies or Anthropology (or Ancient Greek or Medieval Music) is ridiculous.

    An undergraduate university course is not the same thing as a vocational training course. Obviously, if you want to be a doctor or something, you're probably not going to do a four year course in Fine Art then start again to do a medical degree and the rest, but that is the exception.

    --
    To have a right to do a thing is not at all the same as to be right in doing it
  39. Re: The dotcom era had Pets.com and the sock puppe by lgw · · Score: 1

    Why shouldn't college be (mostly) vocational training, is the thing. That sounds like Universities wasting students time, if they don't actually learn any useful skills.

    As I said upthread, it's fine if you also have universities for trust-fund babies who don't need any useful skills to inherit Daddy's business. That's a big chunk of Ivy League school students, after all.

    But the rest of us will be working, and school should leave us prepared to work, ideally in a field that pays well (as pay is the signal not just of the value of the work to the community, but of the need for more people do do that work vs too many already). And most students, parents, and employers want just that: graduates who are much better prepared to contribute on being hired than non-graduates.

    Let's be honest, an engineering degree may mean something about your work ethic and smarts, even in a different field, but a *Studies degree proves jack shit about your ability to get the job done - any job.

    --
    Socialism: a lie told by totalitarians and believed by fools.
  40. another take on the impetus for this by List+Lurker · · Score: 1