Description
Every year, the cost of a four-year degree goes up, and the value goes down. But for many students, there's a better answer.
So many things are getting faster and cheaper. Movies stream into your living room, without ticket or concession-stand costs. The world's libraries are at your fingertips instantly, and for free.
So why is a college education the only thing that seems immune to change? Colleges and universities operate much as they did 40 years ago, with one major exception: tuition expenses have risen dramatically. What's more, earning a degree takes longer than ever before, with the average time to graduate now over five years.
As a result, graduates often struggle with enormous debt burdens. Even worse, they often find that degrees did not prepare them to obtain and succeed at good jobs in growing sectors of the economy. While many learners today would thrive with an efficient and affordable postsecondary education, the slow and pricey road to a bachelor's degree is starkly the opposite.
In A New U: Faster + Cheaper Alternatives to College, Ryan Craig documents the early days of a revolution that will transform—or make obsolete—many colleges and universities. Alternative routes to great first jobs that do not involve a bachelor's degree are sprouting up all over the place. Bootcamps, income-share programs, apprenticeships, and staffing models are attractive alternatives to great jobs in numerous growing sectors of the economy: coding, healthcare, sales, digital marketing, finance and accounting, insurance, and data analytics.
A New U is the first roadmap to these groundbreaking programs, which will lead to more student choice, better matches with employers, higher return on investment of cost and time, and stronger economic growth.
About the Author
Ryan Craig is a managing director atAchieve Partners. Ryan’s commentary onwhere the puck is going in education and theworkforce regularly appears in the biweekly Gap Letter, Forbes, and Inside Higher Education.He is the author of A New U: Faster + Cheaper Alternatives to College, which describes the crit-ical importance of last-mile training and the emergence of boot camps, income share pro-grams, and staffing and apprenticeship models as preferred pathways to good first digital jobs,and was named in the Wall Street Journal as onethe Books of the Year for 2018. Ryan’s first bookwas College Disrupted: The Great Unbundling of Higher Education, which profiles the comingshift toward competency-based education andhiring. Ryan is a cofounder of Apprenticeshipsfor America, a national nonprofit dedicated toscaling apprenticeships across the US economy.Previously, Ryan led the education and trainingsector at Warburg Pincus. His prior experiencein higher education was at Columbia University.He began his career at McKinsey & Co. Ryanreceived a bachelor’s degree summa cum laudeand Phi Beta Kappa from Yale University, andhis law degree from the Yale Law School.
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