Education in the US could benefit from a decentralized identifier system that allows for individual students to take control of their own certification and experience. Such a system could allow for portability of certifications and significantly reduce the cost and complexity of university management.
The traditional education system has become institutionalized and may not be producing the type of individuals that some modern businesses need. Disruptors are looking for new education models that create students who break the rules, do not conform, and challenge existing standards.
The lack of financial literacy education in schools is alarming, as most high school students have no idea how to manage their money, use a credit card or even understand debt. Parents should talk openly about money to teach their kids wise money management in every aspect of their lives.
The student debt market was created by the US government to allow anyone interested in higher education to have access to funding. Universities like University of Phoenix make all their money from students who use student debt to pay for their education.
The world is changing and teachers are more empowered to adopt products themselves. The speaker expresses curiosity about how hard it is to sell to schools.
The hosts discuss the con of getting your work graded by fellow students in online diploma mills and the potential lack of effort in the grading process.