“Four year brick and mortar college is obsolete. Four years is almost always too long.”
“The rationale for a big physical plant and a residential college is just vanishing.”
“What is the rationale for having a library these days?”
“Why is the…professor giving a lecture to 150 kids…why isn’t it being given to millions?”
“Distance education has all sorts of possibilities it didn’t have before.”
“The information revolution is giving us a cornucopia of new ways to help kids get an education…nobody should go to college as a system is now defined. What we need is a transformation that gives young people a chance to tell employers or for that matter to tell graduate admissions officers what they know and what they can do, not where they learned it and how long it took them.”
College costs have “gone up more than anything else in our society, more than healthcare, more than housing…”
“By an incredible psychosocial dynamic, where you cannot question it [the education bubble]. In 1999, in Silicon Valley, you couldn’t question the Nasdaq valuations and in 2005, you could not question people buying houses. It was strictly taboo and forbidden and in the same way, this is the one thing people really believe in our society. Question the value of education is like questioning the existence of Santa Claus with three-year-old kids.”
“We cannot afford to have a third bubble in this country. We had two already. They were catastrophically bad. They led to enormous misallocation of resources. When we look at education more carefully, there are a lot of worrisome signs.”