xnn comments on Separating university education from grading - Less Wrong

11 Post author: Stefan_Schubert 03 July 2014 05:23PM

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Comment author: Jinoc 03 July 2014 07:17:03PM 4 points [-]

I'm actually curious why "the market" hasn't corrected itself on this one. I mean, since people go to college to become employable, tools to determine the best colleges should have emerged, and this in turn should have forced colleges to make sure they deliver. Especially since most colleges in the US are largely private institutions.

But this hasn't happened, even with the outcry against college loan burdens. I'm no libertarian, but this is one situation where I'd expect libertarians to get it right, so what's going on ?

Comment author: xnn 04 July 2014 08:20:36AM 2 points [-]

There are absolutely differences in the perceived value of the same degree from different institutions. I've also heard of deparments that have received complaints from businesses that the quality of graduates with a certain degree has dropped due to grade inflation. That has led to a painful period of lower results as they try to correct the problem.