As we navigate high school, most of us are told that college is the next step. As the daunting news that you can’t find a job without a degree becomes reality, the choices of what college to go to, what to major in and whether you should sacrifice sleep for a social life become the most important questions in life. This is the reality that Gen Y has grown up with, but is the golden age of universities actually over?
The truth is that a third of students won’t even finish college. On top of that, 2 in 3 students end up leaving with debt as tuition rates have increased faster than inflation. Students are graduating, drowning in debt, with degrees whose values have fallen every year since 2000 – it seems that a bachelor’s degree isn’t worth much anymore.
With such struggles in the classroom, many students have turned to MOOCs or online courses rather than the traditional college experience. This, however, has left college campuses a little lacking.
In order to build their communities back up, universities have to start thinking like startups and begin prioritizing the same things that drive successful startup cultures.
Density builds collaboration, so university communities need to improve and nurture bars, eateries, coffee shops and housing facilities. Shared resources are also important, demanding that universities begin sharing laboratories, coworking spaces and prototyping facilities. Universities should also promote cross-disciplinary relationships so that entrepreneurship students can begin working with engineering students to inspire bigger and better ideas.
What direction are universities going in and where will they end up? Check out this infographic for more.