On a panel dedicated the status of America's higher education system, Peter Hopkins painted a picture of a system in decay. It is saddling students with enormous debt while failing to deliver real value to help them earn higher wages.
Hopkins, along with Peter Thiel, Vivek Wadhwa, Larry Summers and Harvard dean Mike Smith, debated solutions for the higher education challenge at The Nantucket Project, a festival of ideas held earlier this month.
Technology has the potential to give millions of people access to knowledge and the trend right now is to make courses available, through ventures such as edX.
So as the cost of knowledge declines is our current system of higher education -- which in many cases charges upwards of $200,000 for a four-year degree -- on a sustainable path?