Kyle Stokes has a good post on some investigatory work being done to determine whether “For-Profit” colleges are doing their students any good or just saddling them with a large amount of debt.
I think some of the debate in that area is going to turn on what the primary value of college is supposed to be for young adults. In some ways, just having a diploma is the end result. The diploma gets you in the door for certain kinds of jobs; allowing you more and better opportunities for employment. A law degree can be like this in a lot of ways. There have been a number of stories out recently pointing out that law school is deficient in teaching students how to actually practice law. For example, unless you take a clinic of some sort (by no means mandatory) you’re unlikely to ever actually see how a court room works or get any tips on how to talk to a client; and you certainly are not getting information on how to run a small business. You might not even be asked to write a contract while you’re there. After getting out of law school; you are probably most qualified to be an appellate court judge since most of your time is focused on reading appellate court decisions.
But I digress. These days you can’t a license to practice law or find a law firm willing to hire you without a law degree. So, in that sense, the fact of the diploma itself is valuable. And, in the same sense, I think for-profit colleges serve that purpose.
But, the diploma is supposed to signify something. Another way of looking at colleges is that they actually improve your mind in some way that is merely denoted by the diploma — the diploma itself is an unimportant piece of paper. That seems to be where for-profit colleges fall short; but, I’m not sure how closely traditional college diplomas are correlated with turning out individuals whose mind has been improved in any particular fashion. Employers, I think, have some notion that this is what they are trying to screen for when requiring a diploma; but maybe they’re just screening out the riff-raff.
Don’t get me wrong; I fully intend my kids to go to college. I’m not sure they have any notion that stopping at high school is an option (and, in our house, it’s really not.) But, they have a Dad who is a nerd that is constantly evangelizing how cool it is to know stuff; so, hopefully, they’ll get the diploma that is useful in and of itself, but also one that will denote a great deal of learning.