by Jeff Selingo
Sure, online education and alternative ways of obtaining credentials will play a bigger role for students in the future, but there remains a critical role for colleges as we know them today.
Just look at the life of Michael Bloomberg. As described in a story earlier this week in The New York Times, Bloomberg was "a middling high school student from Medford, Mass., who had settled for C’s and had confined his ambitions to the math club" when he arrived at Johns Hopkins University in the early 1960s. By the time he left, “he was a social and political star” that set him on the path to eventually start the company that bears his name and made him a billionaire.