When an author is creating an adaptation of an old story, the intention is to mainly appeal to a new audience craft a new ending introduce better characters provide a moral to the story

appeal to a new audience

Adaptations are used in order to get a new group of readers interested in the story. This can be done by changing the surroundings of the stories--putting the original story in a new time period or changing some of the details about the characters to make them more relatable to different groups of people. 

Acollege degree is necessary in today's world

Then what do i do after i read the excerpt? i’m not really understanding the question here.