Tuesday, April 1, 2014

Reading the Wall Street Journal thru a Career Development lenses



 “Former Yale President will lead Coursea”
MOOCs (Massive Open Online Courses) are truly becoming a significant entity and it is exciting! EdX, Udacity, Coursea, etc. are all MOOC providers that can revolutionize higher education.
Will people’s perceptions change about MOOCs replacing traditional higher education? If yes, how long will that take? Can MOOCs ever completely replace traditional higher education? What about all the student services that come with a diploma? What about the built-in networking? Maybe a MOOC is cheaper, but will it help you land that job?
Which brings me to the next article…
 “Grad Student’s Loans Surge”
It was a short and provocative article about borrowing money for post-secondary education. They illustrated the piece with John Berg’s story who was 150k in debt because of his loans for a doctorate in psychology.  He got a gig at the VA, but it is hard to buy a home at $68,000/year and $1000/month payments.

I don’t believe you can plan out your career years in advance, but how does the cost of higher education factor into someone’s career planning? Is there a breaking point where traditional higher education isn’t worth the cost?

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