Part 12/15:
The alignment of incentives within the educational landscape is essential. As long as institutions prioritize enrollment revenues over student outcomes, the effectiveness of education will remain compromised. Implementing risk-sharing models where institutions assume partial responsibility for student loan defaults based on graduates' earnings can incentivize schools to develop programs that translate into successful careers.
Educational institutions must also develop curricula that are reflective of contemporary labor market needs, ensuring that students graduate equipped with the most relevant skills. Collaboration between industries and academic institutions can facilitate a relevant, up-to-date educational experience that fosters employment readiness.