The ongoing conversation, brought to you by the Chronicle of Higher Education…
"There is a drumbeat to look at the value of higher education through the value of the short-term earning power of college graduates," says John R. Kroger, president of Reed College. “The ROI argument is mainly looking at the return to the individual and the family. Another thing we ought to be measuring is the societal gain. When someone goes to college and decides, I am going to be a teacher instead of a patent lawyer, one of the things you might conclude is that even if the individual gain is rather limited, the societal gain is enormous.
An education that treats people just like economic actors and is concerned mostly with training them to be producers and consumers is really limited,” Mr. Kroger says. “No one has ever viewed that as the purpose of education.”