How to Make Calculus Students Believe They Know Calculus When They Don’t

(Or any other subject for that matter)  Here is how to do it. Step One:  Teach at a selective (or, better yet, highly selective) school.  That way the students start off feeling they are specially gifted.  (They may be brilliant but calculus is hard for most people; that is, the real thing is hard.  “Hard” simply […]

College Loans – Who Benefits the Most? Best Bond Manager Ever Comments

About 40 million people owe over one trillion dollars in student loans.   Bill Gross, the most successful bond manager ever, and the founder of PIMCO (the largest bond management company in the world), gave this explanation: “…Universities are run for the benefit of the adult establishment, both politically and financially, not students. To radically change the […]

Thank The Chronicle of Higher Education for their New Blog: “The PH.D. Placement Project”

The Chronicle of Higher Education is working to accumulate and publish data on Ph.D. placement.  It is a vital and important task.  Here is the link to the blog. http://chronicle.com/blogs/phd/   It is a start.  Unfortunately, it is almost impossible to know when a school grants a Ph.D. to a candidate who should not be […]

Chinese Firms Reject American Degrees

I have argued in this blog that far too many of our universities are delivering degrees but not education.  This is even true at many “elite” universities.  (See the book Academically Adrift for data that show how much worse university education has become across the spectrum in the past 30 years.)  According to an article in the […]

Oregon College Funding Plan May Have Potential

Instead of paying tuition, students will pay into a fund after graduation.  The plan is reported in today’s Wall Street Journa.  http://online.wsj.com/article/SB10001424127887324251504578582101593420808.html?mod=ITP_pageone_1#articleTabs%3Dcomments As I wrote in a comment, it has the potential for improving education. “If everything goes right, this could be a move in the direction of holding schools accountable to both individuals and […]

Great Book, So Far

I just finished Part I (HOW WE GOT HERE) of the highly informative new book by Jeffrey J. Selingo.  The title is COLLEGE (UN)BOUND.  In just 50 pages, the author gives an excellent description and analysis of what went wrong.  The only quibble I have with his analysis is that he seems doesn’t seem to […]

New Comment On NY Times

This NY Times blog does have some new thoughts, in that it addresses the value of college as a public good.  My only complaint is that, yes, in spite of wasting a lot of money and futures, you can still add up to an overall public good; but, you shouldn’t be so wasteful if you don’t […]

Discriminatory Pricing

Universities use this all the time.  What is it?  It’s a common business pricing technique.  Suppose you have a lemonade stand.  You determine the optimum price to charge by computing the price that will maximize your profit.  (You use Calculus, of course!)  After you determine that price (say $50 a glass), you realize that you could sell […]

Net Price Calculator

Congress recently mandated that colleges make a net price calculator available on their website.  I think all students and parents should use it before applying.  Also, if the college makes it hard to use or find, I would be somewhat concerned.  Finally, see my next post on “Discriminatory Pricing”