Hunter Rawlings, President of the Association of the American Universities, knows what it’s not:

So let’s acknowledge that college is not a commodity. It’s a challenging engagement in which both parties have to take an active and risk-taking role if its potential value is to be realized. Professors need to inspire, to prod, to irritate, to create engaging environments that enable learning to take place that can’t happen simply from reading books or watching films or surfing the Web. Good teachers “supply oxygen” to their classrooms, in the words of former Emory University president Bill Chace; they do not merely supply answers or facts. And good colleges provide lots of help to students who face challenges completing their degrees in a reasonable amount of time.
 

What, for Rawlings, is the “ultimate value” of college? Read on to find out.

Matt Emerson's essays have appeared in a number of publications, including AmericaCommonweal, and the Wall Street Journal. The Catholic Press Association named his September 2012 essay "Help Their Unbelief," published in America, as the "best essay" in the category of national general interest magazine for 2012. He is the author of the book Why Faith? A Journey of Discovery (Paulist Press 2016).Articles:Fruitful Searching (Jan. 5-12, 2015)Preambles for Faith (May 13, 2013)Help Their Unbelief (Sept. 10, 2012)Posts at The Ignatian Educator