This week's episode of The Key, Inside Higher Ed's news and analysis podcast, offers contrasting views about the wisdom of using economic outcomes as the primary determinant of whether a college, university or academic program has "value."
The episode digs more deeply into the recent report from the Postsecondary Value Commission, which proposes defining and measuring the value of a postsecondary education mostly by how much a college’s graduates earn and if they become economically mobile and develop long-term wealth.
In this episode of The Key, which is sponsored by the Bill & Melinda Gates Foundation, the American Enterprise Institute’s Beth Akers argues that it’s logical to focus on economic measures given that postsecondary education in the United States is increasingly funded by individuals. Claude Pressnell Jr., president of the Tennessee Independent Colleges and Universities Association, says that overdependence on income and other career outcomes in judging institutions’ success minimizes colleges’ role in preparing graduates to be productive members of our society.
Click here to listen to the new episode.