The Art Neuro Weblog

The Asymmetry Of Education As Product

I was talking to the dude at Audio Darnok about education and fees. The Dude teaches audio at one of the private colleges handing out degrees in audio engineering. He was telling me how the private colleges charge $20,000 per year and churn out graduates with degrees after two years of study. The students in turn get saddled with a debt to the tune of $50,000 after interest considerations. And still the students skip class. He said he can't believe it, especially given how much money is on the line.

"When we were doing our courses," he said, "we would be in there trying to soak up as much; and it's not like it was anything like today in terms of money. These kids just don't seem to get what their courses are worth. What's really terrible is how they say we have to pass them because they pay fees."

And that just about sums up the problem of the asymmetric product that is education.