For the past six months, I have been blogging about some of the problems college students face upon graduation and the underwhelming efforts of colleges and universities to help solve these problems — namely, significant debt as well as a lack of training to compete for careers in our ever-changing economic environment. Along these lines, I came across a NY Times article dated February 18, 2017 entitled: “College Cost Too Much? N.Y.U. Paves Way to Graduate Faster.” The article explains that with the cost of an NYU education running about $66,000 per year (including room, board, tuition and fees), the university faces an “enormous affordability problem” evidenced by complaints from students over the cost of four years of tuition. NYU’s solution? A series of measures to make it easier to graduate in under four years and save money.
The article goes on to say that the governors of Ohio and Wisconsin are also trying to address these issues, but that some experts who study education are questioning this “acceleration effort” because of what students "will miss if they rush through their undergraduate years.” At least the fact that some higher ed institutions are proactively offering ways to reduce more than $60,000 a year in student debt is a good start, and perhaps the trade-off of a shorter college experience for many that must self-finance or borrow is worthwhile.
The future is still in doubt for a lot of today’s graduates
Of course I think that it is great to lower the debt load for these kids, don’t get me wrong…but if colleges don’t give them the skills they’re going to need out in the real world, they often graduate with no hope for a high paying entry level job.