More students defaulting on college loans — from the HechingerEd blog
On 09/07/2011,
in budgets, business side of he, corporate / business world, corporate universities / corporate training, elearning, higher education, instructional design, new business models, online learning,
by Daniel Christian
Resources for finding out how long it takes to develop eLearning — from kaplaneduneering.com by Karl Kapp
From DSC:
One resource mentioned was from the Chapman Alliance, from September 2010, of which these figures are from:
On 08/26/2011,
in budgets, business side of he, Canada, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, education technology, elearning, funding / grants, future of higher education, game-changing environment, global / globalization, Learning from the Living [Class] Room, New "Amazon.com" of Higher Education, new business models, online learning, open courseware and systems, society, UK,
by Daniel Christian
The impact of new business models for higher education on student financing
Financing Higher Education in Developing Countries
Think Tank | Bellagio Conference Centre | 8-12 August 2011
Sir John Daniel (Commonwealth of Learning)
&
Stamenka Uvali-Trumbi (UNESCO)
Excerpt:
The aim of this paper has been to suggest that in discussing student financing we need to look beyond the current standard model classroom teaching to the likely developments in learning systems over the next decade. These have the potential to cut costs dramatically and thereby lessen the challenge of student financing.
That is fortunate because nearly one-third of the world’s population (29.3%) is under 15. Today there are 165 million people enrolled in tertiary education.[2] Projections suggest that that participation will peak at 263 million in 2025.[3] Accommodating the additional 98 million students would require more than four major campus universities (30,000 students) to open every week for the next fifteen years unless alternative models emerge. (emphasis DSC)
Also see:
OER for beginners: An introduction to sharing learning resources openly in healthcare education
The Higher Education Academy (HEA) (www.heacademy.ac.uk) and the Joint information Systems Committee (JISC) (www.jisc.ac.uk) are working in partnership to develop the HEFCE-funded Open Educational Resources (OER) programme, supporting UK higher education institutions in sharing their teaching and learning resources freely online across the world.
On 08/24/2011,
in budgets, business, business side of he, change, dangers of the status quo, Daniel S. Christian, economics, funding / grants, future, future of higher education, game-changing environment, global / globalization, leadership, legislatures / government / legal, New "Amazon.com" of Higher Education, political science, society, staying relevant, student-related, trends, United States, visualizing information,
by Daniel Christian
A visualization of the United States Debt — from usdebt.kleptocracy.us
From DSC:
Though this is the U.S. debt, the ramifications of this affect the entire globe. I believe my cousin, Mr. Stephen Gibson, is correct when he says that we may well be heading towards a “Global Reset.”
Also see:
— as of 8/24/11 around noon
Addendums later on 8/24/11 from Academic Impressions:
- 10 consequences of state cuts to public higher education — from oncampus.mpr.org by Alex Friedrich
MPR Photo/Jeffrey Thompson
Just what are states pledging for higher ed these days?
- Fidelity® study finds significant shifts over 5-yr period in how families tackle rising college costs
Fifth Annual College Savings Indicator Study finds parents projected to meet only 16% of college costs, despite improved savings habits
BOSTON – Fidelity Investments®, a leader in helping families save for college, today announced the results of its fifth annual College Savings Indicator study, which found significant shifts in savings behavior from 2007 to 2011, with more families: 1) starting to save in the preschool years despite financial pressures, 2) seeking guidance and saving for college using a dedicated account, such as a tax-advantaged 529 college savings plan, and 3) making shared sacrifices to achieve their college savings goals.The study features the College Savings Indicator, a calculation of the percentage of projected college costs the typical American family is on track to cover, based on its current and expected savings. After four consecutive years of decline, the Indicator held steady to the prior year at 16 percent, down from 24 percent in 2007, when Fidelity first launched the study. While overall preparedness has declined, a larger percentage of parents — more than two-thirds (67 percent) — have begun saving for college costs, compared with 58 percent five years ago.
On 08/22/2011,
in budgets, business, economics, higher education, legislatures / government / legal, research, society, United States,
by Daniel Christian
The high cost of low graduation rates — from air.org by Mark Schneider and Lu (Michelle) Yin
How much does dropping out of college really cost?
On 08/18/2011,
in budgets, business side of he, dangers of the status quo, Daniel S. Christian, future of higher education, game-changing environment, higher education, New "Amazon.com" of Higher Education, society,
by Daniel Christian
Student loan debt climbs — WSJ.com by Justin Lahart
Student loan debt growing even as consumers pull back on other types of debt — from dailyjournal.net; originally saw this one at Academic Impressions
Push comes to shove: More American parents would like Uncle Sam to regulate college costs — from Straighterline.com
Student-loan delinquencies rise, adding to fears of an education bubble — HuffingtonPost.com
On 08/17/2011,
in budgets, business, economics, New "Amazon.com" of Higher Education, society, sociology, trends, United States, workplace,
by Daniel Christian
On 08/10/2011,
in 21st century, 24x7x365 access, budgets, change, dangers of the status quo, Daniel S. Christian, digital learning, education reform, education technology, game-changing environment, K-12 related, leadership, legislatures / government / legal, policy, United States, using teams,
by Daniel Christian
Closing the loop in education technology — from The Journal by David Nagel
Excerpt:
K-12 education isn’t using technology effectively and isn’t investing nearly enough in IT infrastructure to enable next-generation learning. That’s the conclusion of a new report, “Unleashing the Potential of Technology in Education,” which called for a greater financial commitment to education technology and the adoption of a holistic, “closed loop” approach to its implementation.
See also:
From DSC:
We may continue to be disappointed in our overall results — even if we do bump up our ed tech infrastructure/investments — if we continue to use the same models/ways of doing things. That is, I wish we would move more towards a team-based approach and stop trying to load up our teachers’ and professors’ plates with tasks that they probably don’t have the time, interest, or training to do. Graphically speaking:
So…use teams to create and deliver the content — and allow for online tutoring from a team of specialists in each discipline. Like the healthcare-related billboard I kept driving by the other day said: “A team of specialists at every step.”
For-profit college group sued as U.S. lays out wide fraud — from the New York Times by Tamar Lewin
Excerpt:
The Department of Justice and four states on Monday filed a multibillion-dollar fraud suit against the Education Management Corporation, the nation’s second-largest for-profit college company, charging that it was not eligible for the $11 billion in state and federal financial aid it had received from July 2003 through June 2011.
On 08/06/2011,
in accreditation, assessment, budgets, business side of he, colleges, community colleges, higher education, legislatures / government / legal, society, United States, universities,
by Daniel Christian
Debt to degree: A new way of measuring college success — from educationsector.org by Kevin Carey and Erin Dillon
Excerpt:
The American higher education system is plagued by two chronic problems: dropouts and debt. Barely half of the students who start college get a degree within six years, and graduation rates at less-selective colleges often hover at 25 percent or less. At the same time, student loan debt is at an all-time high, recently passing credit card debt in total volume.1 Loan default rates have risen sharply in recent years, consigning a growing number of students to years of financial misery. In combination, drop-outs and debt are a major threat to the nation’s ability to help students become productive, well-educated citizens.
On 07/29/2011,
in budgets, business side of he, higher education, legislatures / government / legal,
by Daniel Christian
Fixing Debt — from InsideHigherEd.com by Kevin Kiley
Excerpt:
Colleges and universities don’t like uncertainty, and right now they’re facing a lot of it. No one knows how long it will take the economy to recover to pre-recession levels. The government’s sovereign credit rating, once ironclad, is under review for potential downgrade. And people aren’t even sure if, in less than a week’s time, the government will be able to pay its bills. Nobody knows what the national fiscal picture means for higher education. The current drama in Washington over the debt ceiling has only exacerbated several years’ worth of economic uncertainty that led colleges and universities to convert variable-rate debt — a potentially volatile form of borrowing in which the interest rate can change weekly depending on the market — to fixed-rate debt. They purchased the variable-rate debt in droves because of historically low interest rates; shifting to fixed-rate debt will come at a price. But doing so provides somewhat more stability, no matter what happens in Washington — even if the worst unfolds and the government defaults, one of several factors that could send variable rates soaring.