According to their web site, 2024, at University of Chicago 43% of the teachers are professors. This is better than most schools. By third or fourth year an undergraduate will be taking instruction from a professor. Again, the site says the average pay of a professor at University of Chicago is $165,000. Nonetheless, most tuition money does not go to instruction. At the old Columbia College in Chicago graduation was a great shame. Nowadays Columbia is more collegiate. It used to be more vocational. The instructors were professionals in their fields. Graduation meant you hadn’t been hired. If schools are training professionals, their graduation rate should suffer, just as in sports. Conversely why take training from people who can’t find work? Corporate training can be adversarial: how would you train your competition? I propose a new form of institution. Rather than a degree I propose an open transcript. Everyone can see your grades. Enrolling in the Co-operative Colle...
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