We’ve seen it over and over in Hollywood movies – American youngsters arriving at college for the first time, invariably with Mom shedding a few tears, Dad hovering awkwardly and siblings hauling cartons filled with home comforts to the freshman student’s new digs.
It’s a right of passage towards an as yet unformed career. It’s been an emotional roller coaster to get this far, committing to spend tens of thousands of dollars to study at one of the ‘best’ colleges – to attend Mom or Dad’s alma mater or to strike out for something more experimental.
But increasingly, it all defies economic good sense. And if critics of higher education in the US are to be believed, it also defies educational good sense.
Lest we be seen to be throwing the baby out with the bathwater in Australia, an analysis by The Economist declares American higher education, ‘on the face of it’, to be still in rude health. More than 50 of its colleges are in the top 100 in the world; eight of them in the top 10; they are unparalleled in scientific output – they produce most of the world’s Nobel laureates and scientific papers; and American college graduates, on average, still earn far more and receive better benefits than those who do not have a degree.
Then came a big ‘BUT’. It was in the vein of a critique last year by Richard Vedder, director of the Center for College Affordability and Productivity, whose key points in a reason.com forum are cause for wonder about an education system that Australia might attempt to emulate. Here are the eyes plucked from the Vedder piece: