There are drawbacks to moving through school at such a brisk pace. For one, it deprives students of the luxury of time to roam intellectually. Compressing everything into three years also leaves less time for growing up, engaging in extracurricular activities, and studying abroad. On crowded campuses it could mean fewer opportunities to get into a prized professor's class. Iowa's Waldorf College has graduated several hundred students in its three-year-degree programs, but is now phasing out the option. Most Waldorf students wanted the full four-year experience—academically, socially, and athletically. And faculty members will be wary of any change that threatens the core curriculum in the name of moving students into the workforce.
"Most high governmental officials who speak of education policy seem to conceive of education in this light—as a way to ensure economic competitiveness and continued economic growth," Derek Bok, president emeritus of Harvard told The Washington Post. "I strongly disagree with this approach." Another risk: the new campus schedules might eventually produce less revenue for the institution and longer working hours for faculty members.
Adopting a three-year option will not come easily to most schools. Those that wish to tackle tradition and make American campuses more cost-conscious may find it easier to take Trachtenberg's advice: open campuses year-round. "You could run two complete colleges, with two complete faculties, in the facilities now used half the year for one," he says. "That's without cutting the length of students' vacations, increasing class sizes, or requiring faculty to teach more." Simply requiring one mandatory summer session for every student in four years—as Dartmouth College does—would improve his institution's bottom line by $10 million to $15 million dollars, he says.
Whether they experiment with three-year degrees, offer year-round classes, challenge the hidebound tenure system—or all of the above—universities are, like the automakers, slowly realizing that to stay competitive and relevant they must adapt to a rapidly changing world. Among the 13.2 million automobiles sold in the United States during 2008, just 315,761 were hybrid vehicles. Toyota alone sold three out of four, or 241,405, of these; the Big Three sold 34,042. The number of hybrids is relatively small, but Toyota's persistence and innovation in creating smaller, fuel-efficient vehicles has helped it to become the world's leading automobile manufacturer.
Just as a hybrid car is not for every driver, a three-year degree is not for every student. Expanding the three-year option or year-round schedules may be difficult, but it may be more palatable than asking Congress for additional bailout money, asking legislators for more state support, or asking students for even higher tuition payments. Campuses willing to adopt convenient schedules along with more-focused, less-expensive degrees may find that they have a competitive advantage in attracting bright, motivated students. As George Romney might have put it, these sorts of innovations can help American universities, long the example to the world, avoid the perils of success.
