By Stephen Joel Trachtenberg, Special to CNN
Editor's note: Stephen Joel Trachtenberg is president emeritus and university professor of public service at George Washington University. He is chairman of the Korn/Ferry Higher Education Practice and senior client partner at Korn/Ferry International, an executive recruiting firm.
(CNN) - Those who have been following the recent soap opera at the University of Virginia may think that it has to do with the blundering dismissal of the president, Teresa Sullivan, and her subsequent re-engagement by the Board of Visitors under instruction by the governor of the state to put their house in order or resign.
In fact, the heart of the drama is not about the president. Nor is it about the board. Rather, it is about the principle stakeholders of the University of Virginia and American higher education in general.
Those who recall the campus disruptions protesting the Vietnam War will remember a slogan of the time, "power to the people." It was meant to be a challenge of the "rulers" by the "masses." In 2012 in Charlottesville, Virginia, we see a similar confrontation.
But in place of chanting "Close the university," on this occasion the students, faculty and others assembled on the quad claimed the right to open the university as their own and called for the right to select their own leader - their own president.FULL STORY
By Carl Azuz, CNN
(CNN) If you’re planning on getting a four-year degree at college, a newly released study suggests you shouldn’t take five or six years to get it.
An additional year or two could cost you in more ways than the extra tuition.
The University of Tennessee’s Center for Business and Economic Research found that people who earned bachelor’s degrees within four years saw, on average, higher wages than those who earned similar degrees within six years.
The difference between the wages of four-year and six-year graduates: about $6,000.
But it still pays to get an undergraduate degree, even if it takes six years to do it. Those who earned a bachelor’s within six years made about $6,000 more than students who attended college but didn't earn a degree at all.
The study considered several reasons for the differences in salaries, including the head start that four-year graduates had in the workforce. The authors also noted that some employers may see a difference in aptitude between those who graduate on time and those who don’t.
According to U.S. News and World Report, most American college students – around 60 percent – don’t graduate on time. And an extra year of tuition alone sets them back more than $8,000 at the average public university, while private school (take a deep breath) costs an average of $42,000 per year.
While it's true that many Americans place a priority on getting a college degree, millions of future workers may not need it. A study by the Harvard Graduate School of Education estimates that only a third of new jobs created between 2008 and 2018 will require a bachelor's or higher degree.