A lot has been said about the current state of education, how bad it is or how things need to be changed. Not being part of its official milieu anymore, whenever I hear people mentioning anything about education it's mainly about how much debt they're in because of all the student loans they took on so they could participate in the whole "getting an education". The prices, as well as the general attendance of so-called higher education have been increasingly drastically in the last quarter century, this is of course basic economics caused by supply and demand.
Another fundamental economic occurrence is the law of diminishing returns; and to me it's obvious how the value of degrees have become subject to this as more funds and more students are continually loaded in. It's a classic case-study of this law in action, yet it seems to go totally beyond daily observations. Economics doesn't just apply to the factors of production but also to the common dealings present in culture. Perhaps as a society, there's a religious like faith in education in itself, which is something not be questioned and if if it should be for any reason, it's about the planning for more resources and rearranging the system of how schooling will function.
This underlying dogma toward education is very likely caused by the prevalence of schooling. We are a schooled society; it's nothing new, it's been like this for years as the Prussian system has become the norm throughout the world along with training getting confused for the idea of an education as I've discussed before. Being schooled, and living in a society where the majority of it's members went through this indoctrination to some level, there are deep consequences which may not be visible to the average person.
The main problem I see with education as I come to see it, is how much schooling has become the primary vehicle or rather, the accepted place where one is to become educated. With this mode of thinking being so widespread, the authority of school is established with it's monopoly on accreditation, which inherently creates a hierarchal caste-system and a discrimination policy ranking individuals based on their degrees or any other educational achievements. Those who have gone the courageous informal route of autodidacts are not taken seriously and often denied professional positions due to their lack of certifications. A schooled society wants to quantify everything; regardless if such things like education, which in reality can't be quantified just like any other true value—whose putting a number on beauty, manners, or love?