Financial Times: Young Americans need to be taught skills, not handed credentials
Most education is now disconnected from the needs of students and the labour market
I cannot think of a market that is more dysfunctional in America right now than education. Total student debt topped $1.5tn this year and a Brookings study found that nearly 40 per cent of those borrowers are likely to default on their loans by 2023.
Some of the borrowers will have attended predatory for-profit colleges, for which the Trump administration recently loosened regulations.