Sam Altman of OpenAI had a Twitter thread about college that I found interesting:
"Canceling student debt is good if it's tied to fixing the problem going forward, which means not offering it, or having the colleges be the guarantor, or ISAs, or something. But canceling all student debt and then continuing to issue new debt to students that the university fails (i.e. by not putting them in a position to make enough money to easily pay it back) doesn't make sense."
This is a drum I've been beating for a few years now too. While some professions require specific degrees (medicine, law, etc), there's no such requirement in lucrative tech fields.
And colleges have not been quick to change their model. There's very little innovation and prices have ballooned even faster than inflation in the broader economy.
That said, a college degree still opens up some opportunities, especially for lower and middle-class graduates who don't have existing networks into high-paying tech jobs. But, it's much easier to meet people and learn these skills online than it was a decade ago.
What do you think? Is college going to continue surviving and getting more expensive? Or will it collapse as alternative education paths open up?