The Future of College Will Be…More of It | Retro Report
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The Future of College Will Be…More of It | Retro Report

The model of higher education that we’ve inherited is you go to college, you get your diploma, you go through graduation, done. We don’t live in that world anymore. So now lets talk about the two R that were in that equation So R subscript E is the required return to equity holders. And we are going to follow a model that’s famous in finance called the capital asset pricing model. This teacher is creating a digital learning experience with the help of a team at Georgia Tech University. Once it’s incorporated into a course, her lecture will be watchable anywhere her students can get online. It’s part of a trend that’s spurred a fair amount of hype. Could this be a revolution for online education? I have to wonder if physical classrooms could become another casualty of the internet age. It’s hard to imagine a future for college that isn’t touched somehow by the ongoing digital revolution. But the widely-hyped courses that are massive, open and online, so-called MOOCs that emphasize passively watching video lectures, they turn out to have a disappointing track record. It’s a privilege for me to be your calculus professor this term, and I’m glad that you’ve chosen this course. One study of a million users found only 4 percent of students ever completed their course. Which is why some educators say reinventing college isn’t as simple as posting a video online and watching the whole world learn. It’s a misnomer to think that online education is less work. it’s a lot more work hands on with the students, but the work’s distributed in a way that is constantly making the course better as opposed to constantly making the course run. At Georgia Tech, Joshua Donegal is taking a computer science class and, while he rarely meets his professor in person, he sees him regularly like this. I don’t think it’s possible to slack off, you know that there’s another human on the other side of the screen watching over you, checking you, making sure that you understand the concepts. On the other side of the country in San Francisco, a new college called Minerva only offers classes as online seminars. And while everyone here takes their classes remotely, teachers track students as closely as if they’re in the same room. Possibly more. It’s a live video environment where up to 20 students / professors can interact with one-another in real time. All of the classes are synchronized. It is about real time communication. I think if you came to a Minerva class with a hangover, you would regret it by the end. Welcome to Financial Modelling. Both of these schools bill themselves as being on higher education’s cutting edge, and both are facing an economic truth, which might surprise those who believe technological disruption always means saving lots of money. If you do online right, it is not cheap. Economist David Feldman says digital technology is not likely to lead to a world where everyone skips college and gets an online degree for free. Getting a college degree is not a financial guarantee. Nothing is a financial guarantee. But over the past 35 to 40 years, getting a college degree has become an ever better bet. Which is why, despite mounting student debt, going to college usually makes sense, even for people who borrow to pay for it. The data are very clear that the most promising way for someone who starts out at the bottom of the income distribution, who comes from a low income family to move up, the best way to do that is to get a bachelors degree. I absolutely believe that college is more essential than ever, period, full stop. And I believe that we have to be remaking education. One of the more pressing reasons for this change grows out of a new reality graduates will face as technology transforms the landscape of employment. The world is moving so fast that you can’t go to college for four years and be prepared for forty years. If your focus is on, “Let’s make this 18-year-old really happy with going to football games,” you’re not going to stay in business very long. There are people that are changing jobs five or six times over the course of their career. They tend to be in industries where disruptive change is happening all the time. And so, they come back to universities and say, “Can you help me with this?” And this has some students and universities rethinking the model of college as a single stage of life. So the old model for college was that people would show up as 18-year-old high school graduates, spend four years with you, and then you would send them out and they would work for the next 40 or 50 years. And this classic model of college is newer than you might think. The most common cliché I hear about education is that is hasn’t changed in 2000 years. That’s totally not true. In the end of the 19th Century, both European and American colleges realized the whole world had been industrialized. You had to have a different role in society. You had to a different kind of education, and education went through massive transformations. A lot of the things we take for granted in the US college experience like entrance exams, multiple choice questions, grades, even the divisions among many academic disciplines – were adopted during another time of rapid technological change, between the 1880s and 1920s. And we now equally need to go through massive transformations for a world that is not an industrial world, but an interconnected, linked world. And I always say if people did this in 1890, we can change higher education now. I think we’re at the tipping point, and we’re about to see massive changes in higher education from inside. And Georgia Tech is betting on this future with programs like a full-credit master’s degree in computer science that students can take online, from anywhere in the world. The new model is that people come back to you episodically over the course of their lifetimes. The online master’s program is a window into this future that we imagine. College isn’t for kids. I mean, I’m 36 years old now. I have three children I’ve been working professionally for a number of years. But I find it very beneficial to come back to the college environment to help improve my skillset. Otherwise, I could be behind the eight ball. And it’s not just mid-career professionals who are feeling this pressure. Sarah Hernandez is a 24 year old aerospace engineer who, shortly after graduating with a mechanical engineering degree from Rice University in 2016, landed what you might think is the job of a lifetime. I am a research engineer at the NASA Ames Research Center here in Mountain View, California. And that means I climb around wind tunnels, set up experiments, run wind tunnels, take data, and then analyze the data after the fact. We test anything from just 18 wheelers to full sized rockets. I’d like to think this kind of makes me a rocket scientist… since I work on rockets. Yeah. But she wants to match her skills to a workplace that’s becoming more digital all the time. That’s why, a little more than a year out of school, she’s going back – taking Georgia Tech’s master’s in computer science program from home. There’s a lot of scary stuff out there in terms of where the world’s heading. I think a lot of us are just very antsy right now. This is kind of how I’m dealing with it. The reality of the world we’re in right now is that you have to keep learning and keep retooling yourself to be, useful in our society, which is unfortunately how our society functions. I feel like I always have to be accelerating. Which could suggest that, for many of us, the future of college will be more of it. The challenge, for students, will be finding ways to pay for more schooling particularly when they’re in between jobs. Some advocates are calling for colleges to rethink the business model for education that’s lifelong. I’m fascinated and encouraged by a new trend of many universities to offer lifelong alumni benefits where you can come back to your own college and either for a reduced rate, or sometimes even free, take classes. It’s good business on college’s part to do this, but it’s also a sense that we owe something to you for the rest of your life.

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84 thoughts on “The Future of College Will Be…More of It | Retro Report

  1. Gee, the fact that college costs an arm and a leg to attend to begin with wouldn’t happen to have something to do with this new need to never stop attending it now would it..?

  2. Here is yet another report on online education as if MOOCs "are" online education. They are not – not by a long shot. Online education is not one single thing, method, delivery mode, or mode of engagement. It is composed of many different variations and hybrids. Don't get caught up in this video as if it is representational of all online education.

  3. There should be a balance between traditional methods of education and modern, more technological ways.
    You now can access to the best schools and Universities using the internet. But the human bond between students and professors is irreplaceable, knowledge often involves emotions and that connection is priceless.

    As usual, GREAT VIDEO!! Thanks Retro Report 👏👏

  4. Lifelong college education actually sounds like a nightmare to me (speaking as a sophomore from Georgia State University). It's the height of this ethic (if you can call it that) of permanent, infinite "growth" at all costs. You can never slow down or just stop and breathe because you'll always learn and always work.
    Why can't you just learn what you — oh, I don't know — actually want out of pure intellectual curiosity, instead of treating every learning opportunity like a cost-benefit analysis or a "need" because "the economy said so"?
    (Of course, I shouldn't be surprised that these university officials are so enthusiastic about all this. 😒)

  5. Essentially, when you learn, keep learning. This is not news to people with a formal education. This is why we have libraries. Not because we resent private education. But because we’ve always known that a good society is an informed society. Framing digital learning as an economic need rather than an intrinsic value is a frankly cynical view. We also learn because it makes our lives better. I really wish your story had dug deeper into why colleges and universities started online learning in the first place. It’s been pitched to us for over a decade now as “the future of education.” But when news stories rarely talk about the longstanding benefits of on-campus learning, and attending physical classrooms provided by the school, I continue to have doubts about this so-called brave new world where a student is learning on a laptop in a coffee shop where they’re actually paying for everything, and the school does little to offset those costs.

  6. Willing to expecting are not going to work,where companies are really need some one,they need to educate them especially part times ,internship internals 3rd company systems,and you put people live in the cars will more life styles are lower each parts of computers are expensive and change past.

  7. I can't understand why everybody encourages regular people to learn computer science instead of just hire computer scientist to do computer things. Should I study medicine to keep me healthy? No! I justo go to a doctor!

  8. Re-education is great, of course. I go to a community college to learn something different, something new within computer science & I look for work within that area only to find employers want hands-on experience, not just book learning. Wait, what?

  9. So you go to college or back to college, but then in debt for the rest of your life along with other debt to just maintain a living….

  10. How to become a digital slave. How great. We could go to college for the rest of our lives, and even get to spend money doing it! Oh boy!

  11. a college degree is still important – it opens doors not available to the rest. It's frustrating to apply for a high paying job only to find out that they require a college degree. It's demoralizing.

  12. The collapse of the corrupt college and university system will be glorious. Large companies like Bank of America, Google, Apple have recently announced they no longer require college degrees to get a job.

  13. If college's would stop brainwashing the students then colleges would have a feature. It doesn't look like they're going to do that so the colleges are going to die

  14. This is amazing to me this video is about staying in college. This dumb lady is so wrong it hurts! College is NOT needed period! I have 10 best friends from high school all 10 went to college and 9 of the 10 DO NOT have a job in the field they majored in! And the one who does is a teacher who majored in psychical education lol. The other 9 are all still paying their college loans 10 years later and almost half owe over $100k each! But yeah we need college right lol. I went to college for free for 2 years and not a single thing in college that was taught is used in my life today. It’s all a scam. We are all told to do what ur told so to college get in debt then get a job to pay off that debt while lock up more debt with cars, houses & kids! We are taught to do the opposite with everything. We don’t even get taught about money and the system etc why sell bc they don’t want us to learn about real life every situations they want us to do what we are told. The college system is broken and is not needed. In less u want to be a doctor, lawyer or engineer then pass on college it’s a scam. This is why Bitcoin is becoming so big it’s censorship resistant and the government can’t print it at will while lying to us. Wake up people how do u think the US Governement got us out of the 2008 crisis? They printed and printed and printed more money to bail the banks out. Cheers

  15. college and universities don't improve worker economic productivity. what they do, is create education inflation, such that your bachelors ends up worth less and less. if we keep this up, in 20 years, porta podi cleaners will require bachelors degrees.

  16. College is full of BS. the knowledge you got is not for jobs. the A.I can do better than M.B.A student. faster, accurate and cheaper.

  17. In September of 1997 I attended Hunter College. Ok, I went to college for 5 years and then formally left. Only to return to graduate in May, 2012 paid through money deferment, at the time. Money deferment works when the bank pays half of the semester and you the student pays other half via installments during that semester. This way you graduate debt free, which was cool. My mom helped me with the installments. Then in 2002 I formally left, reason being to helped caregive for a friend that had Lymphedema, Type 2 Diabetes, and High Blood Pressure. Lymphedema is swelling of the legs and other body parts. Walking was a serious problem for him.

    I cared for him for 7 years. It was humbling, and it was my choice. He was my best friend. I cared for him because his mother who was well into her 70s could not do it. And she only spoke Spanish. So doctor visits and hospital stays would have been a bit of a problem for her. I did this for 7 years of my own accord. I lived in his home, helped with everything. I was not working at the time. In November of 2009, he died. And I had to move back home with my Dad. I was looking for a job, and yes that was a nightmare. It was not till the girlfriend of mine at the time said, "Why don't you go back to school?"

    I honestly had no interest due to my age and the length of time it took. But she insisted I go back to Hunter and ask questions. So I did. And the academic advisor explained CUNY has a 10 year rule. So if you leave a Cuny school you have 10 years to return, after that you start from the beginning. I left in 2002 I was gone for 7 years. I had 3 to finish school. So I went back. Since I had no job, I was living with my dad, and options were limited I applied for TAP and FAFSA. Yeah I know crazy. I put down 0 for everything, since I had nothing. I got a response, stating that I needed a notarized letter from my dad explaining my situation. Mind you my dad is retired and on Social Security, and I was living with him.

    Basically, I had to declare destitution. I went back to school in 2011. And every semister I had to submit the same notarized letter. I already finished my major and minor before I left in 2002. Everything else was electives and 2 basic requirements. I graduated in a year and half. Mind you I had 3 years to do it and I luck out in graduating debt free. At the end of my final semester I got a job in retail. And after graduating I was stuck in retail hell for the next 3 years. Now I work in Office Services, mailroom. Pay is a bit better but I'm doing it for now.

    Now, I have a BA Media Studies and Minor in English. Never pursued my field. But I'm glad i graduated it help me get a job. But I have no intention to return to as I do not want to be in massive debt. If anything, I would rather have gone to a trade school or community college if the opportunity was presented to me in High School. Instead of, 4 year college, 4 year college, 4 year college.

  18. We should have started online classes years agolong time ago I did a history class over the summer and they just sent a book through the mail. If we replaces education system that we are insend the educational system will not have a tyrannical stranglehold on communities as far as property taxes go

  19. Kids. I have an engineering degree and a law degree. I paid off my student loans, but I would not do it again. If you have any mechanical aptitude whatsoever, learn a skilled trade such as HVAC technician, plumber, electrician, or welder. There is always a demand, and if you join a union or build up clients and start your own business, you can make over 100k/year. No student loans and get paid while you work as an apprentice. Every city in the world needs these skills. Try to find a skilled mason to fix your walkway or house. One guy quoted me $2500 for one day worth of masonry work using my bricks. The honest and hard working skilled trades people that I know make over 100k per year and turn away work, because they are so busy, e.g., in the Washington, DC metro area.

  20. This is stupid.. This video is basically tell people to go the school, get a worthless disagree with a ton of debt.

  21. College is for suckers, overpriced ripoff, all it guarantees is crushing debt and a crap job, people are so stupid.

  22. I totally agree that everyone should never stop learning. It keeps the brain pliant and people engaged in discovering new things about them and the world. And, that the world is constantly changing, so learning new things is necessary. HOWEVER, the cost needs to come down considerably. AND, cost of living needs to be lower with jobs actually paying decent benefits and a living wage so people can invest in themselves and still live. Otherwise, these online colleges aren't going to survive, either.

  23. I didn't have money for college so went in the Army. Got out 7 years later as a Warrant Officer flying helicopters with a nice chunk of savings, zero debt, 3 years solid mid mgmt experience and an (always) in demand marketable skill around the world that with 2-3 more years experience pays over $100K/yr.

    And still only a HS diploma. Be careful looking down your nose at trades.

  24. Skilled learning. Drive a truck. Welding. Tangeable training. An actual trade job is successful in many ways. Believe it or not, if money ran out at least one can barter trade and skills.
    People are doing this now.
    When shit hits the fan, the survival skills come into play.
    At least I can drive a big rig and weld.
    I can grow food. Fish. Homestead.
    Barter and trade.

  25. There are so many degrees that are a complete waste of money. But of course the people at a college are going to tell us we need to go to college, not once, but forever. Universities almost never have people teaching there who really know what is going on in the current economy. I mean how could they, they have spent the last 2o years in academia.

  26. Many online programs ONLY exist to rob some more outrageous amount of tuition from gullible students not to give them actual useful skills. There is NOTHING you learn from Georgia Tech's online masters in computer science that you cannot learn on your own or in coding boot-camps.

  27. Scary thing is that information/thinking jobs are going to be the ones most easily tailored to A.I.
    The mechanic's job is safe. The lawyer's is not. Even coding is not safe after the A.I. learns how to program itself.

  28. This not fair at all in life why people in USA are lucky and have good education centers why only there not in all over the world it’s really very painful 😣 when your smart but for any reason the luck or god but you in a 3rd world country were it’s really designed to fail any person to become useful in this short life am really really really sad 😢 I always wanted to do something for humanity I hated to waist my life time unfortunately life is not fair at all people in the first world you should be really lucky and appreciate what you have good education + good life + extremely nice 👍 environment that support the human need to success

  29. I believe that the modern-day college/university education system has become more of a business than a place which once upon a time guaranteed better employment prospects, hence a better life. To fix this broken post-secondary system, we need to a) eradicate the substantial tuition costs (one can do so by removing all of the unnecessary 3rd party administrations, irrelevant gen-ed courses, expensive compulsory textbook materials, to name a few) b) Not necessary shorten the duration of post-secondary education, but rather apply the "apprenticeship" model (currently utilized in most trades) which interestingly enough we once had i.e.. before the inception of American Bar Association prospective legal students engaged in "reading the law" — a legal apprenticeship which allowed one to obtain the practical knowledge that modern post-secondary systems fail to educate in. This leads to my last suggestion, which is to improve the already existent co-op system associated with the undergraduate area of study. We must ensure that all of the programs offered are coupled with a co-op placement. In doing so, I believe we can mitigate to some extent the crippling college debt, and the wasting of 4-6 years of productivity that each new generation does by opting for the current post-secondary education.

  30. This is a huge problem. I do not want to go to school all my life. I have kids to raise and a few dreams to follow. So what's left of my paycheck? Got to put money aside for retirement, then old age, then for my 2 kids and no more, savings, bills, emergency, leisure, the math doesn't add up. People are worried about not being in class to talk to classmates that's minor, their is an elephant in the room.

  31. cbs recently reported as much as 20% of americans have dyslexia. College is still for the elite. What to do with the masses?

  32. I have worked as an online educator for the last 14 years and my school closed recently because our degrees were not getting enough students jobs and we lost our ability to get student loans. Online education is very cheap contrary to this video however schools curriculum's are not keeping up with the changes in the workplace and the changes in technology. A B.A in Cinema Studies or Social Justice studies is not going to get anyone a job. Better to learn a trade or get a certificate in computer studies than spend 50-80 thousand a year on college.

  33. The only reason I'm going to college is cuz nursing requires it to get into the upper levels. 😞

    I feel bad for lots of people who go, because the economy is so wack and stupid most of the time. College is just part of that stupid shit trying to get the most money.

  34. It’s easy why colleges are dying
    1) everyone is becoming an equal opportunity employer, meaning people get trained in the job not needing a degree
    2) college costs are skyrocketing
    3) scholarships can easily be ruined if you decide to change your plan

  35. The entire University system needs to collapse, because God knows it is definitely due for one.

    How much longer are we going to pump out grads from the machine, each with 80k+ in debt and no job to fill with that education?

    Why don't any of our politicians bother to talk about this?

  36. College takes too long. Bunch of useless information and you forget most of it the next day and in a few years you'll remember a small fraction of what you "learned". I've been to a big university for two separate degrees and it took many years and many thousands of dollars. I've also been to two military training schools and they instruct all 40 hours a week, exactly what you need to know to perform a job and then push you out to do it. That model would get people into the workforce faster with way less debt, however college is just another business and they want you there as long as possible.

  37. People have to be lifelong learners. It doesn’t matter if you go to college or not, always make sure to evolve your mind. After I graduated college, I read a ton of books and experimented with my ideas. It has paid off.

  38. Liberal professors are making sure normal people like me do NOT send kids to College. Ending free speech, ending opinions and pushing social justice is the undoing of post secondary education. Sad but true. Rich and poor millennials are so brainwashed, it takes parent disowning their kids to get some peace in the household.

  39. Basically a propaganda piece. YOU WILL do unpaid job training for the rest of your life, or else you will be eliminated. Its inevitable. Can we just call college what it actually is and represents? UNPAID job training. Enough of this shit.

  40. College and Uni are high risk investment for the individual. Seriously, what sane person would invest say $100k, AND 4 or more years of their life, in the very real and increasing possibility of $0 return? Duh! Oh but wait, there is a return, for the BUSINESSES involved – the lenders and ‘educators’.

  41. Both our children are getting online degrees. They are very good programs. They have saved a lot of time and money from going back and forth to a college campus, while fighting traffic, wear and tear on car, gas, etc… or having to pay to stay on campus. With the busy lifestyle of today, online education is the way to go…especially those who are married and with children. There is just so little time and with this online opportunity, everyone has a chance for success. Online education will be the norm for many programs and will become more user friendly and interactive. As far as socialization…because there is less time getting ready for school and commute time…there is more time to socialize outside the home with family and friends.

  42. From my perspective the serious issue is that universities don't do an adequate job of connecting graduates with actual jobs.
    In my experience, the academic employment counseling was worthless.
    That said, if you are in your senior year and don't have children to support, please take full advantage of an intern program. That's the best they have to offer in terms of getting you a job, which is what the education is supposed to be preparing you for.
    They want to take the money, and then don't care what happens to you after that.
    I agree with some of the comments about community colleges being the way to go. They care more about your having an actual paid job at the end.
    I did it all wrong, did basically charity work for my cap stone. It was excellent for the spirit, but not wise economically. I also had two children by that time and had to pay rent and food etc.
    I ended up as a caregiver for 15 years and now my body is hurting. (Though my souls is full of loving lots of people. )
    Do not take those loans out for a four year. Go to community college and get skilled! You can do it!
    I wish I would have had more confidence in my ability to learn skills and become a specialist in something other than suffering.
    Anyway, it's not about me, so if you are reading this, and have a chance to better your situation, do it smart.
    You can learn, the people in the programs for technical jobs at community colleges are there to help you make it. They do everything they can to help you. Don't waste your time and money on a four year.
    I know you can do it!
    God bless and Shalom!

  43. I earned a MBA the old way in the 1970s. The masters degree is or will be in 5 years equivalent to a BS degree in say 1975. Online courses may not be ideal for most students. There is a surplus of college grads in 2019.

  44. The problem with higher education is that it's a business about getting money out of college students…. Many campuses are also sites for 'woke' political indoctrination… Colleges need to adapt with the times but they ought to remain focused on developing people and advancing human knowledge… They are failing at both in more and more ways.

  45. college is just a big scam. my friends have gone to college for 8+ years and are unemployed. i have a high school diploma and make 100k+ a year. zero debt.


  47. What do you mean. For many college is about having sex cheating on exams getting someone else to write papers and getting a piece of paper a diploma in four years

  48. The solution is for the state to lower if not give free education to improve American productivity. Our problem is we prefer militarization with a budget of $550 billion than spending it for education. Our education budget is so low no wonder we
    have a struggling economy and we keep hiring aliens to flood our work places who are a lot skilled.

  49. Infomercial, "the new model is that people come back to you episodically through out there life time" Nah, this isn't going to happen. People move on in life. Marriage and family and work, life in church reading about other things captivate their interest. I got rid of all my books from college after ten year of toting them around. Never went back to reference them. Use the internet instead or buy new books.

  50. NOT TRUE. Companies dont care much about graduate studies, especially for executives. People who stay at work climbing the corporate ladder move up. People who stop to study often can't find work.
    Maybe in technical jobs or R&D it is different, but not in the executive, sales, marketing areas.
    However, if you dont come from a top college, forget about your chances for even being called for an interview in large companies.

  51. Very little of what you learn in university will be of any use, especially humanities courses. It is mostly a hoop to jump through, to try and impress future employers

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