The old saying is that you must be careful what you wish for. That is certainly holding true today, as the "Empire" (traditional higher ed) has prodded Congress to take a careful look at the activities of for-profit colleges and universities (who, by the way, are growing by leaps and bounds at a time while the "old guard" are struggling against economics, budgets, and demographics). Now, the microscope is being turned back on the traditional world of higher education - as all struggle to find new ways of measuring value and how good - or how poor - all colleges and universities are performing.
Read the article from the Chronicle of Higher Education here below:
One thing is for certain, whoever can come up with an answer to finding the "third way" - new metrics for new times - to determine the value of college and university education will be a consultant in unbelievable demand - while doing a great service for students, parents, institutions, and yes, taxpayers. Start drawing out those equations and running data today! Of course, anyone who wants to call me to do this, hey, I am a doctor with tuitions to pay....