business side of he

A $100,000 sticker price at Vanderbilt U! + other items re: the higher education learning ecosystem

On 07/23/2024, in adult learning, business side of he, career development, colleges, community colleges, cost of getting a degree, dangers of the status quo, education reform, higher education, learning ecosystem, parents/guardians, pathways, special needs, student-related, United States, universities, by Daniel Christian

The Progressive Case for Reforming Higher Ed — from insidehighered.com by Michael D. Smith
Customized, digital education offers a path for progressive reform, Michael D. Smith writes.

That’s the bad news. But there’s good news, too. New digital technologies have arrived during the past decade for delivering instruction and evaluating individual student learning at scale. If we embrace them, they can make real reform possible and allow us to imagine a fairer, more accessible system of higher education—one that will enable us to better serve the many students who are left out of our existing scarcity-based model.
…
I think it should be to reform our educational system in ways that will benefit society. And with the advent of new digital technologies, we have a once-in-a-generation opportunity to do just that. If we embrace those technologies now, we can democratize access to the knowledge that students from all socioeconomic backgrounds need to discover and develop their talents, and we can make it possible for them to earn the credentials they need to signal their knowledge to employers—all so that they can use their talents to make a difference in the world.

But in the years ahead, thanks to these new technologies, the broader ecosystem that these institutions exist in is going to expand and change dramatically. Gradually, elite residential colleges and universities will lose their dominant place in that ecosystem, and customized digital learning will first disrupt and then come to dominate a new system of higher education—one that reaches more people, and generates greater benefits for society, than ever before.

Enrollment woes hit both private and public colleges in 2023, S&P reports — from highereddive.com by Ben Unglesbee
Analysts with the ratings agency described a “tough year” in the higher ed world as revenue pressures ran into rising costs.

Dive Brief:

Fiscal 2023 was a “tough year” for private nonprofit colleges amid a “long trend of weakening demand,” S&P Global Ratings said in a Tuesday report.
Median full-time equivalent enrollment at private nonprofits fell 0.8% year over year in fiscal 2023, while retention rates hit a five-year low of 82.4%, according to S&P’s analysis. Given demand pressures and rising costs, institutions in the private nonprofit sector saw five times more credit downgrades than upgrades during the fiscal year.
In a separate report on public colleges, S&P analysts said the recently ended fiscal year also tested the financial resilience of those institutions, with median full-time equivalent enrollment falling 0.7% for the sector.

We have to remember all of this as we design more inclusive pathways to promising opportunities. A good job can often include flexible or hybrid working options, but a good job also includes some softer aspects connected to safety, wellbeing, creativity, growth, and the freedom to make choices and make decisions.

Dr. Michelle R. Weise in How Do You Define a Good Job?

President Joe Biden canceled an additional $1.2 billion in student debt for public servants on Thursday, the latest effort to provide loan relief and deliver on one of his signature initiatives. The assistance will affect 35,000 public service workers enrolled in the government’s loan forgiveness program, including nurses, firefighters and teachers. The Education Department has now forgiven $168.5 billion in student debt for 4.76 million Americans. Biden’s more ambitious plan to help Americans increasingly buried for decades under massive educational debt, a $400 billion plan for broad student debt relief, was blocked by the US Supreme Court.

— from Bloomberg.com’s Evening Briefing

Sticker shock: A look at the complicated world of tuition pricing — from highereddive.com by Ben Unglesbee
Despite attention to lofty sticker costs, the practice of discounting has reached new highs, confusing students and straining revenue for institutions.

This spring, the price of college rode the news cycle again as headlines featured an eye-popping $100,000 in attendance costs at Vanderbilt University.
…
The practice of marking down tuition sticker prices is decades old and comes with few benefits at this point, many experts say. It can mislead students and muddy the conversation around the value of a college education, while for institutions tuition discounting can wear on revenue and finances in a competitive environment.
…
At the same time, tuition discounting among private nonprofits hit a new high of 56.1% in 2023-24.

“The number that bothers me the most is the increasing costs for the low-income kids,” Levine said. “If you’re making $50,000 or under, you still have to come up with almost $20,000, which is essentially impossible.”

Predicting college closures — from hechingerreport.org by Jon Marcus
Colleges across the country are closing at a rapid rate – on average, about one a week. Some of the closures were unexpected, shocking people at institutions that enrolled new students and hired new faculty right up until the decision was made to close. We chatted with Jon Marcus, our senior higher education reporter, to learn more about how students and faculty can protect themselves.

Q: What made you decide to devote an entire episode of your College Uncovered podcast to college closures?

Jon Marcus: The number of colleges that are closing has grown so fast that it’s become a big part of what we cover on our beat. And since the College Uncovered podcast is meant to help consumers navigate the complicated process of pursuing higher education, we wanted to answer a question we increasingly hear from prospective students and their parents: How do I know if the college I pick will be around long enough for me to graduate? (The fact that this has become something people wonder speaks to the low level of confidence the public has in higher education these days.)

Private colleges likely won’t see big net tuition growth anytime soon, Fitch says — from highereddive.com by Ben Unglesbee
Fitch Ratings found a 1.1% year over year increase in net tuition revenue for fiscal 2023, but this isn’t enough to preserve margins at private nonprofits.

Dive Brief:

Fitch Ratings found net tuition grew in fiscal 2023 among the colleges it rates but warned that the hikes would not be sufficient to preserve margins for private nonprofits.
Across its portfolio of rated institutions, Fitch found a 1.1% year-over-year increase in net tuition and fees, marking renewed growth after two years of declines, according to Fitch Senior Director Emily Wadhwani.
“In our view, prospects for future growth in net tuition for 2024 and beyond remain limited, and will likely remain near or below 2%-2.5% annually on average for the next few years,” Wadhwani said by email.

Do Shocking College Tuition Prices Reflect What Students Actually Pay? — from edsurge.com by Nadia Tamez-Robledo

It’s no secret that high school students are looking at the prospect of college more skeptically, and a large part of their hesitation comes from worry about taking on thousands of dollars in student loans.

It’s only natural that they would experience sticker shock after researching the annual cost of attendance at universities that have caught their eye — which might be equivalent to a parent’s annual salary.

But should students count on having to scrape together that full amount?

Not likely, based on EdSurge’s number crunching.

From DSC:
But the problem is that many don’t know the games that are played behind the scenes within the world of higher education. Some families/students might see the retail price of a degree and say, “No way man…no can do.” The sticker shock is real in many cases (and not to mention the stories of seeing other friends and family members in debt decades after graduating).

How merit aid is expanding — from jeffselingo-14576223.hs-sites.com by Jeffrey Selingo

Excerpt (emphasis DSC):

Bottom line: Discounting is so widespread in higher ed now that the frequent comparisons of merit aid to “Kohl’s cash,” the discount strategy employed by the mid-market retailer–where basically every day is a sale–are not wrong.

“With a few exceptions, colleges all now have an opening bid with families,” said Brian Zucker, who runs Human Capital Research Corporation, one of several firms that assists colleges with their discounting strategies.
This discounting approach worked when institutions were able to raise their top-line prices and thus extract more revenue each year from students.
But at many colleges, net-tuition revenue is flat or falling. Fitch Ratings said last week that institutions it rates for bonds saw their net-tuition revenue rise just 1.1% last year–not enough to keep up with inflation or have enough of a financial cushion to weather the current enrollment storms.
Just like in the 1970s, when colleges developed tuition discounts, the time has come for higher ed to come up with a new pricing scheme in addition, of course, of finding ways to reduce costs.

The New Trick Families Are Using to Lower College Tuition Bills — from nymag.com by Jeffrey Selingo
Many schools are eager for paying students — and ready to offer deals.

“Colleges keep giving out more merit aid to more families because they can’t get them to pay more,” Mark Salisbury told me. Salisbury, a former administrator at Augustana College in Illinois, runs TuitionFit, a website where people can share their financial-aid offers and see what others like them got. Most of the money that colleges are giving out in merit aid isn’t coming from the endowment. Rather, it’s revenue the college never receives — a simple price cut off the top. Salisbury and others in the business refer to it as “Kohl’s cash,” after the discount strategy employed by the mid-market retailer.

Is College Worth It? Poll Finds Only 36% of Americans Have Confidence in Higher Education — from usnews.com by Associated Press
A new poll finds Americans are increasingly skeptical about the value and cost of college

Americans are increasingly skeptical about the value and cost of college, with most saying they feel the U.S. higher education system is headed in the “wrong direction,” according to a new poll.

Overall, only 36% of adults say they have a “great deal” or “quite a lot” of confidence in higher education, according to the report released Monday by Gallup and the Lumina Foundation. That confidence level has declined steadily from 57% in 2015.

Enrollment Planning in the Specter of Closure — from insidehighered.com by Mark Campbell and Rachel Schreiber; via GSV
Misunderstandings about enrollment management and changing student needs can make a bad situation worse, Mark Campbell and Rachel Schreiber write.

Excerpts (emphasis DSC):

However, we find that many institutions provide little to no information to prospective students about actual outcomes for graduates. Examples include: What does applying to graduate school look like for graduates? Employment and earning potential? Average student loan debt? What do alumni say about their experience? What data do you have that is compelling to answer these and related questions? Families increasingly ask, “What is the ROI on this investment?”
…
Another important issue relates to the unwillingness of leaders to evolve the institution to meet market demands. We have too often seen that storied, historic institutions have cultures that are change averse, and this seems to be particularly true in the liberal arts. This statement might appear to be controversial—but only if misunderstood.

To be clear, the humanities and the arts are vital, critical aspects of our institutions. But today’s prospective students are highly focused on career outcomes, given the financial investment they and their families are being asked to make. We believe that curricular offerings can place a high value on the core principles of the humanities and liberal arts while also preparing students for careers.

By contrast, curricular innovation, alterations to long-held marketing practices, openness to self-reflection regarding out-of-date programs, practices and policies—in short, a willingness to change and adapt—are all key. Finally, vital and successful institutions develop long-term strategic enrollment plans that are tactical, realistic and assessable and for which there is clarity about accountability. Putting these practices in place now can avert catastrophe down the road.

DSC: A reminder of the importance of culture — even within higher education.

On 07/08/2024, in business side of he, change, changing business models, colleges, community colleges, corporate / business world, culture, Daniel S. Christian, future, future of higher education, game-changing environment, higher education, United States, universities, by Daniel Christian

“More colleges are breaching their debt requirements: S&P” [Unglesbee] + other items re: the higher education learning ecosystem

On 07/03/2024, in Alternatives, business side of he, change, changing business models, colleges, community colleges, cost of getting a degree, credentialing, future of higher education, game-changing environment, higher education, leadership, learning ecosystem, microlearning, parents/guardians, student-related, United States, universities, by Daniel Christian

More colleges are breaching their debt requirements: S&P — from highereddive.com by Ben Unglesbee
Amid operating pressures, some institutions are struggling to meet financial metrics stipulated in their bond and loan covenants.

Dive Brief:

A growing number of colleges are breaching bond and loan stipulations, known as covenants, that require them to stay within certain financial health parameters, according to a new report from S&P Global Ratings.
The agency cited 12 colleges it rates that have breached covenants since last June. In most cases, bondholders waived the violation. Some covenants could allow debtholders to accelerate repayment, which could add to an institution’s liquidity and ratings risks.
S&P downgraded ratings for about half the institutions with violations, typically because of underlying financial issues. “We see continued credit quality divergence in the U.S. higher education sector, with weaker-positioned institutions experiencing budgetary pressure and covenant violations,” the analysts said.

Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying. — from nytimes.com by Stacy Cowley (behind a paywall)
Millions of people are overdue on their federal loans or still have them paused — and court rulings keep upending collection efforts.

After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. But nearly as many have not.

That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting the $1.6 trillion it is owed.

Universities Investing in Microcredential Leadership — from insidehighered.com by Lauren Coffey
As microcredential programs slowly gain traction, more universities are looking for leaders to coordinate the efforts.

Microcredentials—also known as digital badges, credentials, certificate, or alternative credentials—grew in popularity during the COVID-19 pandemic. Now they are attracting renewed interest as institutions look to widen their nets for nontraditional students as an enrollment cliff looms.

In addition to backing these programs, some universities are going further by hiring staff solely to oversee microcredential efforts.

A Plan to Save Small Colleges — from insidehighered.com by Michael Alexander
Small colleges could join forces through a supporting-organization model, Michael Alexander writes.

The challenges are significant. But there is a way to increase the probability of survival for many small colleges or spare them from a spartan existence. It involves groups of colleges affiliating under a particular structure that would facilitate both (1) a significant reduction in operating costs for each college and (2) a rationalization of each college’s academic offerings to concentrate on its strongest programs.

“There are many reasons undergrad enrollment is down, but they all come down to two interrelated trends: jobs and affordability.” + We need to “reposition higher ed for a different future of competitors.” [Selingo]

On 06/29/2024, in adjunct faculty, Adobe, apprenticeships, business side of he, career development, colleges, community colleges, cost of getting a degree, credentialing, culture, curriculum, faculty, future of higher education, game-changing environment, higher education, ideas, innovation, IT in HE, leadership, learning ecosystem, liberal arts, parents/guardians, reinvent, skills, society, sociology, staying relevant, strategy, student-related, surviving, trends, United States, universities, by Daniel Christian

From DSC:
As I can’t embed his posting, I’m copying/pasting Jeff’s posting on LinkedIn:

According to Flighty, I logged more than 2,220 flight miles in the last 5 days traveling to three conferences to give keynotes and spend time with housing officers in Milwaukee, college presidents in Mackinac Island, MI, and enrollment and marketing leaders in Raleigh.

Before I rest, I wanted to post some quick thoughts about what I learned. Thank you to everyone who shared their wisdom these past few days:

We need to think about the “why” and “how” of AI in higher ed. The “why” shouldn’t be just because everyone else is doing it. Rather, the “why” is to reposition higher ed for a different future of competitors. The “how” shouldn’t be to just seek efficiency and cut jobs. Rather we should use AI to learn from its users to create a better experience going forward.
Residence halls are not just infrastructure. They are part and parcel of the student experience and critical to student success. Almost half of students living on campus say it increases their sense of belonging, according to research by the Association of College & University Housing Officers.
How do we extend the “residential experience”? More than half of traditional undergraduates who live on campus now take at least once course online. As students increasingly spend time off campus – or move off campus as early as their second year in college – we need to help continue to make the connections for them that they would in a dorm. Why? 47% of college students believe living in a college residence hall enhanced their ability to resolve conflicts.
Career must be at the core of the student experience for colleges to thrive in the future, says Andy Chan. Yes, some people might see that as too narrow of a view of higher ed or might not want to provide cogs for the wheel of the workforce, but without the job, none of the other benefits of college follow–citizenship, health, engagement.
A “triple threat grad”–someone who has an internship, a semester-long project, and an industry credential (think Salesforce or Adobe in addition to their degree–matters more in the job market than major or institution, says Brandon Busteed.
Every faculty member should think of themselves as an ambassador for the institution. Yes, care about their discipline/department, but that doesn’t survive if the rest of the institution falls down around them.
Presidents need to place bigger bets rather than spend pennies and dimes on a bunch of new strategies. That means to free up resources they need to stop doing things.
Higher ed needs a new business model. Institutions can’t make money just from tuition, and new products like certificates, are pennies on the dollars of degrees.
Boards aren’t ready for the future. They are over-indexed on philanthropy and alumni and not enough on the expertise needed for leading higher ed.

From DSC:
As I can’t embed his posting, I’m copying/pasting Jeff’s posting on LinkedIn:

It’s the stat that still gnaws at me: 62%.

That’s the percentage of high school graduates going right on to college. A decade ago it was around 70%. So for all the bellyaching about the demographic cliff in higher ed, just imagine if today we were close to that 70% number? We’d be talking a few hundred thousand more students in the system.

As I told a gathering of presidents of small colleges and universities last night on Mackinac Island — the first time I had to take [numerous modes of transportation] to get to a conference — being small isn’t distinctive anymore.

There are many reasons undergrad enrollment is down, but they all come down to two interrelated trends: jobs and affordability.

The job has become so central to what students want out of the experience. It’s almost as if colleges now need to guarantee a job.

These institutions will need to rethink the learner relationship with work. Instead of college with work on the side, we might need to move to more of a mindset of work with college on the side by:

Making campus jobs more meaningful. Why can’t we have accounting and finance majors work in the CFO office, liberal arts majors work in IT on platforms such as Salesforce and Workday, which are skills needed in the workplace, etc.?
Apprenticeships are not just for the trades anymore. Integrate work-based learning into the undergrad experience in a much bigger way than internships and even co-ops.
Credentials within the degree. Every graduate should leave college with more than just a BA but also a certified credential in things like data viz, project management, the Adobe suite, Alteryx, etc.
The curriculum needs to be more flexible for students to combine work and learning — not only for the experience but also money for college — so more availability of online courses, hybrid courses, and flexible semesters.

How else can we think about learning and earning?

Is this the beginning of a new trend in university collaborations? [DeVaney]

On 06/19/2024, in business side of he, change, changing business models, collaboration, colleges, community colleges, future, future of higher education, game-changing environment, higher education, innovation, learning ecosystem, online learning, online media, teaching & learning, United States, universities, by Daniel Christian

From DSC:
I’ve been wondering about collaborations, consortiums, and other forms of pooling resources within higher education for quite some time. As such, this an interesting item to me.

Daniel Christian: My slides for the Educational Technology Organization of Michigan’s Spring 2024 Retreat

On 06/13/2024, in 21st century, 24x7x365 access, Access to Justice (A2J), adjunct faculty, Adobe, adult learning, Artificial Intelligence / Machine Learning / Deep Learning / Algorithms, bots, business side of he, change, cloud-based computing / apps / other cloud-related, colleges, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, creativity, culture, dangers of the status quo, Daniel S. Christian, data related items, design, digital audio, digital learning, digital photography, digital storytelling, digital video, education technology, emerging technologies, experimentation, faculty, future of higher education, game-changing environment, heutagogy, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), ideas, innovation, instructional design, intelligent systems, intelligent tutoring, K-12 related, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, liberal arts, library / librarians, lifelong learning, media/film, microlearning, more voice more choice more control, multimedia, Natural Language Processing (NLP), new business models, NVIDIA, online media, online tutoring, Open AI, pace of change, personalized/customized learning, platforms, productivity / tips and tricks, professional development, reinvent, skills, smart/connected TV, society, staying relevant, streams of content, student-related, surviving, teachers, technologies for your home, technology (general), the downsides of how people use tech, tools, training / L&D, United States, universities, user experience (UX), user interface design, vendors, vision/possibilities, web-based collaboration, workplace, by Daniel Christian

From DSC:
Last Thursday, I presented at the Educational Technology Organization of Michigan’s Spring 2024 Retreat. I wanted to pass along my slides to you all, in case they are helpful to you.

Topics/agenda:

Topics & resources re: Artificial Intelligence (AI)
- Top multimodal players
- Resources for learning about AI
- Applications of AI
- My predictions re: AI
The powerful impact of pursuing a vision
A potential, future next-gen learning platform
Share some lessons from my past with pertinent questions for you all now
The significant impact of an organization’s culture
Bonus material: Some people to follow re: learning science and edtech

Slides of the presentation (.PPTX)
Slides of the presentation (.PDF)

Plus several more slides re: this vision.

Is College Worth It? [Fry, Braga, & Parker]

On 06/03/2024, in business side of he, colleges, community colleges, cost of getting a degree, dangers of the status quo, Daniel S. Christian, funding / grants, future of higher education, game-changing environment, higher education, learning ecosystem, lifelong learning, parents/guardians, United States, universities, by Daniel Christian

Is College Worth It? — from pewresearch.org by Richard Fry, Dana Braga, and Kim Parker
As economic outcomes for young adults with and without degrees have improved, Americans hold mixed views on the value of college

From DSC:
I post items like this in the hopes that those working within the world of higher education will lower the price of obtaining a degree while moving much more aggressively to offer more affordable ways of learning throughout one’s life.

A relevant addendum on 6/6/24:

Universities Try 3-Year Degrees To Save Students Time, Money — from the74million.org by Elaine S. Povich
As states explore shorter degrees, some faculty say they undercut students’ education.

With college costs rising and some students and families questioning the return on investment of a four-year degree, a few pioneering state universities are exploring programs that would grant certain bachelor’s degrees in three years.

The programs, which also are being tried at some private schools, would require 90 credits instead of the traditional 120 for a bachelor’s degree, and wouldn’t require summer classes or studying over breaks. In some cases, the degrees would be designed to fit industry needs.

.

2024 EDUCAUSE Horizon Report® Teaching and Learning Edition

Trends
As a first activity, we asked the Horizon panelists to provide input on the macro trends they believe are going to shape the future of postsecondary teaching and learning and to provide observable evidence for those trends. To ensure an expansive view of the larger trends serving as context for institutions of higher education, panelists provided input across five trend categories: social, technological, economic, environmental, and political. Given the widespread impacts of emerging AI technologies on higher education, we are also including in this year’s report a list of “honorary trends” focused on AI. After several rounds of voting, the panelists selected the following trends as the most important:

Colleges are now closing at a pace of one a week. What happens to the students? — from hechingerreport.org by Jon Marcus
Most never finish their degrees, and alumni wonder about the value of degrees they’ve earned

About one university or college per week so far this year, on average, has announced that it will close or merge. That’s up from a little more than two a month last year, according to the State Higher Education Executive Officers Association, or SHEEO.
…
Most students at colleges that close give up on their educations altogether. Fewer than half transfer to other institutions, a SHEEO study found. Of those, fewer than half stay long enough to get degrees. Many lose credits when they move from one school to another and have to spend longer in college, often taking out more loans to pay for it.
…
Colleges are almost certain to keep closing. As many as one in 10 four-year colleges and universities are in financial peril, the consulting firm EY Parthenon estimates.

Students who transferlose an average of 43 percentof the credits they’ve already earned and paid for, the Government Accountability Office found in the most recent comprehensive study of this problem.

Also relevant:

Making your campus neurodivergent friendly — from timeshighereducation.com
How to create a university where neurodivergent staff and students feel welcome and thrive in the classroom, in the lab and throughout campus

Neurodivergent students and staff think about, interact with and see the world differently from their neurotypical peers and colleagues. Universities that adopt inclusive practices to welcome people with ADHD, autism, dyslexia, dyspraxia and other disabilities to campus also foster their distinct strengths and talents in the classroom, labs, boardrooms and social spaces. This collection of resources offers advice for teachers, researchers, PhD supervisors and administrators for supporting neurodiversity in higher education.

Some Colleges Will Soon Charge $100,000 a Year. How Did This Happen? — from nytimes.com by Ron Lieber; via Ryan Craig
Some Vanderbilt students will have $100,000 in total expenses for the 2024-25 school year. The school doesn’t really want to talk about it.

It was only a matter of time before a college would have the nerve to quote its cost of attendance at nearly $100,000 a year. This spring, we’re catching our first glimpse of it.

One letter to a newly admitted Vanderbilt University engineering student showed an all-in price — room, board, personal expenses, a high-octane laptop — of $98,426. A student making three trips home to Los Angeles or London from the Nashville campus during the year could hit six figures.

This eye-popping sum is an anomaly. Only a tiny fraction of college-going students will pay anything close to this anytime soon, and about 35 percent of Vanderbilt students — those who get neither need-based nor merit aid — pay the full list price.

But a few dozen other colleges and universities that reject the vast majority of applicants will probably arrive at this threshold within a few years. Their willingness to cross it raises two questions for anyone shopping for college: How did this happen, and can it possibly be worth it?

‘Running Out of Road’ for FAFSA Completion — from insidehighered.com by Liam Knox
The number of students who filled out the federal aid form is down nearly 30 percent. The ramifications for access and enrollment could be devastating.

And that’s probably an optimistic estimate, said Bill DeBaun, NCAN’s senior director of data and strategic initiatives; if the pace of completion doesn’t pick up, the decline could be closer to 700,000 students. That could translate to up to a 4 percent drop in college-goers come fall, DeBaun said, which would be the largest enrollment drop since the COVID-19 pandemic—and one that’s likely to be made up primarily of low-income and first-generation students.

Study: Nearly 40 Percent of Students Started, Never Finished College — from insidehighered.com by Kathryn Palmer
Federal researchers followed the post-secondary outcomes of 23,000 students for 12 years.

Only 60 percent of students who enrolled in college earned a degree or credential within eight years of graduating high school.

That’s one of the biggest takeaways from a new report the National Center for Education Statistics released Monday that analyzed the enrollment, completion and financial aid outcomes of students.

The researchers tracked the postsecondary educational outcomes of roughly 23,000 students beginning in 2009 when they were freshman in high school through 2021, when the cohort was eight years out from graduating high school.

Race to the Finish | The rise of faster bachelor’s degrees raises the question: What is college for? — from chronicle.com by Kelly Field; from Jeff Selingo

Taken together, the two recent decisions illustrate a blurring of the lines between the two- and four-year sectors that is taking place not just in Idaho, but nationwide, as colleges struggle to overcome enrollment declines and skepticism about the value of a bachelor’s degree.

“It’s pretty clear that higher education is in a funk,” said Robert M. Zemsky, a University of Pennsylvania professor, who has been advocating for three-year programs for more than 15 years. “There’s a sense that we have to do something to make the product better, more relevant, and less costly to students.”

Excerpt from Next — from/by Jeff Selingo

Bottom line: While critics of a shorter degree see it as a lesser replacement for the four-year baccalaureate degree, advocates see it as another option for students who might not be interested in college at a time when enrollment is falling.

“We need to use this opportunity to redesign and do things better,” Carrell said. “That means that we all need to stay curious. We need to be a learning enterprise…and learn from the evidence we produce.”

Job-Ready on Day One — from the-job.beehiiv.com by Paul Fain

The U.S. faces a serious shortage of workers in the skilled trades—fields like HVAC, plumbing, electrical, solar, and construction. And those labor gaps are likely to widen as the federal government spends billions on infrastructure projects.

Employers in these industries are desperate for hires, says Doug Donovan, the founder and CEO of Interplay Learning. Yet the “challenge is not employer demand for workers,” he says, “but rather ensuring that learners learn about skilled trades careers and pursue them.”

The Austin-based Interplay offers online and VR training for workers in the skilled trades. The company was founded in 2016 with a focus on upskilling the hands-on worker. Even before the pandemic exacerbated labor shortages, Donovan says companies in these trades needed to hire workers who didn’t have all the skills required for jobs.

Interplay’s online courses and 3D, interactive simulations get close to what a learner is going to see on the job, says Donovan. “We aren’t trying to replace hands-on, instructor-led training,” he says. “We are trying to deliver tools that enhance that hands-on time or make it more efficient.”

“Lifelong Learning Models for a Changing Higher Ed Marketplace” + “The New Academic Arms Race”

On 03/29/2024, in business side of he, Canada, career development, change, changing business models, colleges, community colleges, cost of getting a degree, credentialing, culture, dangers of the status quo, Daniel S. Christian, Design Thinking, education technology, emerging technologies, experimentation, faculty, future of higher education, game-changing environment, higher education, ideas, innovation, instructional design, IT in HE, leadership, learning ecosystem, liberal arts, lifelong learning, marketplaces, parents/guardians, reinvent, skills, society, staying relevant, strategy, student-related, surviving, teaching & learning, technology (general), United States, universities, vision/possibilities, workplace, by Daniel Christian

The New Academic Arms Race | Competition over amenities is over. The next battleground is technology. — from chronicle.com by Jeffrey J. Selingo

Now, after the pandemic, with the value of the bachelor’s degree foremost in the minds of students and families, a new academic arms race is emerging. This one is centered around academic innovation. The winners will be those institutions that in the decade ahead better apply technology in teaching and learning and develop different approaches to credentialing.

Sure, technology is often seen as plumbing on campuses — as long as it works, we don’t worry about it. And rarely do prospective students on a tour ever ask about academic innovations like extended reality or microcredentials. Campus tours prefer to show off the bells and whistles of residential life within dorms and dining halls.

That’s too bad.

The problem is not a lack of learners, but rather a lack of alignment in what colleges offer to a generation of learners surrounded by Amazon, Netflix, and Instagram, where they can stream entertainment and music anytime, anywhere.

From DSC:
When I worked for Calvin (then College, now University) from 2007-2017, that’s exactly how technologies and the entire IT Department were viewed — as infrastructure providers. We were not viewed as being able to enhance the core business/offerings of the institution. We weren’t relevant in that area. In fact, the IT Department was shoved down in the basement of the library. Our Teaching & Learning Digital Studio was sidelined in a part of the library where few students went to. The Digitial Studio’s marketing efforts didn’t help much, as faculty members didn’t offer assignments that called for multimedia-based deliverables. It was a very tough and steep hill to climb.

Also the Presidents and Provosts over the last couple of decades (not currently though) didn’t think much of online-based learning, and the top administrators dissed the Internet’s ability to provide 24/7 worldwide conversations and learning. They missed the biggest thing to come along in education in 500 years (since the invention of the printing press). Our Teaching & Learning Group provided leadership by starting a Calvin Online pilot. We had 13-14 courses built and inquiries from Christian-based high schools were coming in for dual enrollment scenarios, but when it came time for the College to make a decision, it never happened. The topic/vote never made it to the floor of the Faculty Senate. The faculty and administration missed an enormous opportunity.

When Calvin College became Calvin University in 2019, they were forced to offer online-based classes. Had they supported our T&L Group’s efforts back in the early to mid-2010’s, they would have dove-tailed very nicely into offering more courses to working adults. They would have built up the internal expertise to offer these courses/programs. But the culture of the college put a stop to online-based learning at that time. They now regret that decision I’m sure (as they’ve had to outsource many things and they now offer numerous online-based courses and even entire programs — at a high cost most likely).

My how times have changed.

For another item re: higher education at the 30,000-foot level, see:

Lifelong Learning Models for a Changing Higher Ed Marketplace — from changinghighered.com by Dr. Drumm McNaughton and Amrit Ahluwalia
Exploring the transformation of higher education into lifelong learning hubs for workforce development, with innovative models and continuing education’s role.

Higher education is undergoing transformational change to redefine its role as a facilitator of lifelong learning and workforce development. In this 200th episode of Changing Higher Ed, host Dr. Drumm McNaughton and guest Amrit Ahluwalia, incoming Executive Director for Continuing Studies at Western University, explore innovative models positioning universities as sustainable hubs for socioeconomic mobility.

The Consumer-Driven Educational Landscape
Over 60% of today’s jobs will be redefined by 2025, driving demand for continuous upskilling and reskilling to meet evolving workforce needs. However, higher education’s traditional model of imparting specific knowledge through multi-year degrees is hugely misaligned with this reality.

Soaring education costs have fueled a consumer mindset shift, with learners demanding a clear return on investment directly aligned with their career goals. The expectation is to see immediate skills application and professional impact from their educational investments, not just long-term outcomes years after completion.

It’s Time Higher Ed Become Financially Literate [Curcio]

On 03/28/2024, in business side of he, career development, colleges, community colleges, cost of getting a degree, economics, higher education, marketplaces, parents/guardians, student-related, United States, universities, vocational / trades, by Daniel Christian

It’s Time Higher Ed Become Financially Literate — from forbes.com by Brian Curcio

Excerpt (emphasis DSC):

The Alarming Reality
Over the past 12 years, US student loan debt has quadrupled to a staggering $1.7 trillion. Nearly 44 million Americans carry an average debt of $37,718, and over 11 percent of aggregate student loan debt (pre-COVID) is more than 90 days delinquent.

This past year, the average public university student borrowed over $32,000 to receive a bachelor’s degree. However, only 11 percent of employers believe that a degree prepares students for the workforce. It’s a cruel irony: a $32,000 loan – not counting interest – for a degree that doesn’t prepare you for the career needed to repay the debt.

Another higher education-related item:

The IT Leadership Workforce in Higher Education, 2024 — from library.educause.edu by Mark McCormack

The IT Leader Workforce in Higher Education, 2024, aims to map the current contours of the IT leader workforce, understand its current challenges and opportunities, and reflect on what it all might mean for building a stronger workforce and—ultimately—a stronger higher education for the future.

Learning Ecosystems

DSC: A reminder of the importance of culture — even within higher education.

Is this the beginning of a new trend in university collaborations? [DeVaney]

Is College Worth It? [Fry, Braga, & Parker]

2024 EDUCAUSE Horizon Report® Teaching and Learning Edition

A $100,000 per year degree + other items re: the higher education learning ecosystem

Categories

Tags