Village Global Podcast Erik Torenberg on Higher Education
May 26, 2021
Erik Torenberg, co-founder and chairman of On Deck, shares groundbreaking insights into the future of higher education. He discusses how traditional universities are failing and highlights the exciting opportunities for new educational institutions. The conversation explores the impact of COVID-19 on learning narratives, emphasizing the rise of online education and alternative pathways. Torenberg also critiques current credentialing systems and advocates for competency-based models that better align with job market demands.
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College's Bundled Experience
- College is a bundled experience of education, network, credential, and social aspects.
- COVID unbundled this and highlighted the high cost versus value of traditional universities.
Digital Access Expands Education
- Going digital enabled On Deck to expand globally and dramatically increase access.
- Digital native platforms can offer similar value at a fraction of traditional college costs.
The Future of Credentials
- Credentials can evolve from exclusive binary admissions to competency and peer-based endorsements.
- Platforms showing actual work offer more relevant signals than traditional degrees.