Education is becoming more modular, and going forward, the focus will be on adapting our education systems to the new reality in which students develop valuable knowledge and skills in many different learning environments.
The traditional college transcript is particularly unsuited for this task. It lists the courses completed and how people performed. But it says little about what someone actually learned or what a person knows.
Six years ago, I earned my master's in journalism from the University of Maryland-College Park. From then on, I have been pursuing my lifelong master's degree. This time around, there is no graduation, commencement speech, mortarboard or tassels.
The bottom line is this: Your earnings trajectory will be influenced by a multitude of factors, with the impact of the college from which you receive your bachelor's ranging anywhere from zero to very small.