Summary of Leveraged Learning

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Rating

7

Qualities

  • Comprehensive
  • Controversial
  • For Beginners

Recommendation

Business and employment are undergoing radical change, but higher education remains static, mired in the past. As such, says Danny Iny, the CEO of an online business education company, college may prove to be a losing wager for some young people. Many of them, he contends, would do much better pursuing nontraditional learning programs. And that is his line of work; he specializes in providing educational opportunities to people who want to gain useful knowledge and skills. Iny re-examines higher education and offers advice – some of it controversial – to learners, educators and businesses. Executives and HR officials responsible for hiring new employees can benefit from discussing the pros and cons of his take on higher education. At the end of each chapter, Iny includes “learning self-assessment” exercises readers can use to test their understanding of the ideas he presents. This makes it a useful workbook for students and professionals. Lifelong learners, prospective college students and learning professionals will find food for thought in Iny's contrarian overview. 

About the Author

Founder and CEO of Mirasee, an online business education company, Danny Iny hosts the Business Reimagined podcast and created the Audience Business Masterclass and Course Builder’s Laboratory.

 

Summary

“The Six Layers of Leveraged Learning”

Conventional higher education is broken. It costs too much and is inefficient and ineffective, except for the most select, prestigious universities, and for professions such as law, medicine, accounting, engineering and architecture. 

Higher education is supposed to help people improve their lives for the future. And it once did precisely that. Today, however, education doesn’t help young people prepare for and secure employment. Most recent college graduates have no jobs or inferior jobs. This is a bad bargain in light of their average $30,100 in college debt. And that debt will only grow. By 2028, college tuition may cost “well over six figures per year.” That’s a lot of money for college-aged people to spend if they can’t get jobs afterward. Today’s students need a different approach: “leveraged learning.” 

Knowledge is essential. But for most people, stretching out learning over four or more years of college turns out to be hugely inefficient and expensive. The great advantage of leveraged learning is that ...


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