I think this is an interesting idea, but the details on how the incentives get aligned, and how graduated students support the university are unclear to me.
I am a fan of the idea that universities need a new pricing model that is correlated to career results. Like, maybe universities are only eligible for students to receive gov't loans in proportion to the increase in W2 income of their past students, etc.
But I am not convinced that the model in this article, as described, scales. It might be a model for attracting very high-value students and thriving. But in that case it might just be about selection effects, and not about delivering a value-add in education.
I also think that the article fails to recognize that one of the main tasks of major universities is research. Quite possibly the research and education functions should be separated, but I wish the article addressed some of these issues more explicitly.
Still, $100m towards and effort is interesting. Maybe it will evolve in an even more interesting direction.
The incentive structure of higher education is broken. My gift to the University of Austin is meant to change that—by tying its success to the real-world achievements of its students. By Jeff Yass.
I think this is an interesting idea, but the details on how the incentives get aligned, and how graduated students support the university are unclear to me.
I am a fan of the idea that universities need a new pricing model that is correlated to career results. Like, maybe universities are only eligible for students to receive gov't loans in proportion to the increase in W2 income of their past students, etc.
But I am not convinced that the model in this article, as described, scales. It might be a model for attracting very high-value students and thriving. But in that case it might just be about selection effects, and not about delivering a value-add in education.
I also think that the article fails to recognize that one of the main tasks of major universities is research. Quite possibly the research and education functions should be separated, but I wish the article addressed some of these issues more explicitly.
Still, $100m towards and effort is interesting. Maybe it will evolve in an even more interesting direction.
The incentive structure of higher education is broken. My gift to the University of Austin is meant to change that—by tying its success to the real-world achievements of its students. By Jeff Yass.
This seems somewhat in conflict with what I perceive thefp.com and university of Austin's vibe to me which is like a focus on liberal arts.
The university that only does right-wing propaganda and indoctrination but no science at all? What a great cause…