In essence, formal education attempts to summarize knowledge in the form of grades. This system has merit, for a higher grade typically indicates more knowledge of a particular subject, but the system is also deeply flawed. Grades are flawed in that they can be manipulated by the unscrupulous through the practice of cheating. Another shortcoming of grades is that they promote lethargy amongst the brightest students. For instance, a capable student wishing to minimize his workload might choose not to study—or even not to read entire chapters in textbooks—because he can achieve his desired grade (be it an A or B) without doing so. The above student might rationalize that it is acceptable for himself to earn a 92 rather than a 97, since both a 92 and a 97 translate to a 4.0, and therefore are equivalent in the eyes of college admissions officers, but this rationalization is detrimental to the education of this student—who, by not studying (or reading chapters), is depriving himself of knowledge. By liberating himself from formal education’s emphasis on grades, the student can realize the true goal of education—the retention of knowledge.
In addition to learning speeds, learning styles vary between individuals, and therefore between specific individuals and the majority. Classrooms do a good job of teaching information in a variety of learning styles in order to allow virtually all students to be successful. Though teachers tend to spend the most amount of time teaching to the learning style of the majority, they typically cover all grounds as far as learning styles are concerned. But is this the most efficient way of learning for the student? By high school (and hopefully before), most students have determined their learning style. Autodidactism provides the student with an opportunity to ignore the learning style of the majority and focus on himself instead. By concentrating on his individual learning style, the student can achieve higher rates of retention than in traditional classrooms, and therefore will have a more genuine understanding of covered materials.
In addition to increased amounts of knowledge, autodidactism encourages the student to develop work ethic. In contrast to formal education, which follows a strict curriculum, the autodidact has the ability to choose what to learn and how to learn it. Similarly, there are no mandatory school hours during which the autodidact must learn; the autodidact must self-motivate or his education will pay the price. Though it can be argued that students of formal education must self motivate or pay the price as well, in some cases (Such as the one described in the second paragraph of this essay.) there is absolutely zero merit to this argument. Regardless, the autodidact has to develop much more self-discipline than the student of formal education; self-discipline will help in essentially all aspects of life—until death.
In conclusion, autodidactism offers a number of benefits that cannot be attained from formal education. Namely, by eliminating the concept of grades, the student can focus on what is truly important—knowledge. Furthermore, the student gains the advantage of being able to learn at his own pace and in his own style. Additionally, the student gains work ethic which in formal education is minimized in many of the brightest students. In a word, autodidactism offers many benefits over formal education and more efficiently serves the purpose of equipping students with knowledge.
I definitely agree with your thesis. I feel that the "formal education" was once, probably, a good enough avenue of thought and successful knowledge-gaining, but over time it has become more about grades (as you so rightly pointed out) and finding success in college and life. But I feel that success is a relative term and concept, especially in relation to the individual, and thus it is wrong to assert that one or another form of success is correct and another is wrong. Just because something does not meet the status quo does not mean that it's wrong or incorrect; it just doesn't match the status quo.
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