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Karen Arnold, a researcher at Boston College, followed eighty-one high school valedictorians and salutatorians from graduation onward to see what becomes of those who lead the academic pack. Of the 95 percent who went on to graduate college, their average GPA was 3.6, and by 1994, 60 percent had received a graduate degree. There was little debate that high school success predicted college success. Nearly 90 percent are now in professional careers with 40 percent in the highest tier jobs. They are reliable, consistent, and well-adjusted, and by all measures the majority have good lives. But how many of these number-one high school performers go on to change the world, run the world, or impress the world? The answer seems to be clear: zero.
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20% of America’s millionaires never set foot in college, and 16 of the 492 Americans listed as billionaires in 2014 never got their college diplomas; 2 never even finished high school! So although education and a commitment to lifelong learning are essential to success, a formal degree isn’t a requirement.
In addition to saddling many young people with massive debt for decades, studies have shown that a college education really doesn’t guarantee success. And does a college degree guarantee high performance on the job? Not necessarily. Times are changing fast. While Internet giant Google looks at good grades in specific technical skills for positions requiring them, a 2014 New York Times article detailing an interview with Laszlo Bock, Google’s senior vice president of people operations, notes that college degrees aren’t as important as they once were. Bock states that “When you look at people who don’t go to school and make their way in the world, those are exceptional human beings. And we should do everything we can to find those people.” He noted in a 2013 New York Times article that the “proportion of people without any college education at Google has increased over time” — on certain teams comprising as much as 14 percent.
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The people who run the international tests told us, "the biggest predictor of student success is choice." Nations that "attach the money to the kids" and thereby allow parents to choose between different public and private schools have higher test scores. This should be no surprise; competition makes us better.
Old-boy networks, alumni giving, affirmative action, sports, and diversity have pretty much put an end to classical meritocratic admissions. That decline of standards in admissions is perversely ironic, because at about the same time, a new campus ethos of grade inflation was predicated on the self-important notion that if you were smart enough to get into Princeton or Harvard, then Harvard and Princeton would make the necessary adjustments and concessions to make sure you graduated. The result of self-congratulation is that a Stanford graduate now usually knows less history than his Hillsdale counterpart. A successful self-made businessman can know a lot more about the economy than does a Harvard M.B.A.
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