The question of whether or not a college education pays has been rumbling on the sidelines of reform discussions for some years. It got a renewed kick in the rear this week when PayPal co-founder, Facebook investor and billionaire Peter Thiel offered 20 promising young people a $100,000 not to go to college and instead pursue their entrepreneurial talents. The challenge, however, is not an issue of college vs. no-college, rather it is a question of how we are defining success and are we encouraging people to create it in a way that works. Like so many societal institutions that have run amok, higher education has become a bureaucratic, monolithic system driven by...
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