Most universities would argue that’s exactly what they’re doing. Where it falls apart is that in reality they do neither outside of a few small exceptions. When I was a junior in college (many decades ago) I got hired into what is now a top 5 tech company. In the first month they taught me more than I learned in a decade of formal schooling, which is when I dropped out because it was a waste of my time.
Today that same company has an 18 month training program for new college hires because even they know that a college grad knows nothing of value. That’s 18 months of intense 40 hour a week, state of the art learning and industry exposure, not 18 months of lazy 15 hour weeks like in college. And unlike college, they’re paid to do it.
That begs the question “why do companies require a degree when they know it does nothing?” Two reasons:
1. A college degree demonstrates you can be where you’re supposed to be, do what you’re supposed to do, and have the drive to get things done in a faceless bureaucracy that throws roadblocks in your way at every opportunity.
2. When you have 300 people applying for a single job opening you need ways to cut that number down to something manageable.
Where we run into problems is that we charge kids $100,000 for that, and we tell every kid they need to do it. As we see with the student loan crisis and sweater folding jobs requiring a degree, it’s a system that long term is unsustainable.