The Nearly Free University and the Emerging Economy: The Revolution in Higher Education

By Charles Hugh Smith, Peak Prosperity Contributor

With the soaring cost of higher education, has the value a college degree been turned upside down. College tuition and fees are up 1000% since 1980. Half of all recent college graduates are jobless or underemployed, revealing a deep disconnect between higher education and the job market. It is no surprise everyone is asking: Where is the return on investment? Is the assumption that higher education returns greater prosperity no longer true? And if this is the case, how does this impact you, your children and grandchildren? We must thoroughly understand the twin revolutions now fundamentally changing our world: The true cost of higher education and an economy that seems to re-shape itself minute to minute.The Nearly Free University and the Emerging Economy clearly describes the underlying dynamics at work – and, more importantly, lays out a new low-cost model for higher education: how digital technology is enabling a revolution in higher education that dramatically lowers costs while expanding the opportunities for students of all ages. The Nearly Free University and the Emerging Economy provides clarity and optimism in a period of the greatest change our educational systems and society have seen. The Nearly Free University and the Emerging Economy offers everyone the tools needed to prosper in the Emerging Economy.