cost of getting a degree

Galloway: “The greatest assault on middle-class America’s prosperity may be the relentless, four-decade-long inflation in higher education.”

On 02/02/2023, in business side of he, change, colleges, cost of getting a degree, health, higher education, United States, universities, by Daniel Christian

What is college for? Gov. Shapiro raises the question. Higher ed leaders are listening. — from The Philadelphia Inquirer by Will Bunch; with thanks to Ray Schroeder out on LinkedIn for the resource
Pa.’s new governor Josh Shapiro’s first move was to question the need of a college diploma as a job credential. U.S. universities, pay attention.

Excerpt:

NEW HAVEN, Conn. — What is college actually for?

No one expected this to be the initial question raised by Pennsylvania’s new governor, Josh Shapiro, in his first full day on the job. While he may not have stated it explicitly, this was the essence of the Democrat’s very first executive order, which opened up some 92% of job listings in state government — about 65,000 in all — to applicants who don’t have a four-year college degree.

In branding degree requirements for many jobs as “arbitrary” and declaring “there are many different pathways to success,” the Keystone State’s new chief executive was tugging at the shaky Jenga block that has undergirded the appalling rise of a $1.75 trillion student debt bomb in the U.S. and led, arguably, to a college/non-college divide driving our nation’s bitter politics. The notion is this: You can’t make it in 21st-century America without that most expensive piece of sheepskin: the college diploma.

So the $64,000 question (OK, $80,000 … for one year on some elite private campuses) is this: If you don’t need the credential, do you actually need college?

Something is clearly gained by giving America’s young people more career options that won’t contribute to that $1.75 trillion college debt bomb. But are we talking enough about what could be lost in a new system that not only devalues the university but also seems to ratify a dubious idea — that higher education is almost solely about careerism, and not the wider knowledge and critical-thinking skills that come from liberal arts learning?

From DSC:
To me — and to many other parents and families — it all boils down to the price tag of obtaining a liberal arts education. It’s one thing to get a liberal arts education at $5K per year. It’s another thing when the pricetag runs at $40K and above (per year)! Most people ARE FORCED to question the ROI of a liberal arts education. They simply have to.

On a relevant tangent here…many inside the academy have traditionally looked with disdain at the corporate world. The thinking went something like this:

Business! Ha! We are not a business! Students are not customers. Don’t ever compare us to the corporate world.

Having spent half of my career in the corporate world, I do not subscribe to that perspective. In fact, I’d like to ask those who still hold this point of view:

Where else can you pay tens of thousands of dollars for something and not be treated as a customer?! Don’t you typically expect value on your own purchases and positive returns on your investments?
How will you collaborate with the corporate world if you look upon them with disdain?!

But now that colleges and universities enrollments are not doing so well, perhaps there will be more openness to change and towards developing more impactful collaborations.

Nice sales funnel here. ASU, Crash Course, & Google continue to innovate. “YouTube unveils new program that enables students to earn college credits” [Malik]

On 01/25/2023, in Alternatives, business, cost of getting a degree, experimentation, Google, higher education, innovation, strategy, vendors, vision/possibilities, by Daniel Christian

A new path to higher education that begins on YouTube! — from blog.youtube by Katie Kurtz, Managing Director, Global Head of Learning

Excerpt:

We’ve partnered with Arizona State University (ASU) and Crash Course to create Study Hall, a new approach that demystifies the college process while creating an affordable and accessible onramp to earning college credit.

Also relevant/see:

YouTube Launches Video Program Creating a Pathway to Real College Credits — from by Joan E. Solsman
Using YouTube videos as a launchpad to Arizona State University virtual courses, people can work toward first-year college credit with little upfront cost.

YouTube unveils new program that enables students to earn college credits — from techcrunch.com by Aisha Malik

The program is expected to expand to 12 available courses by January 2025 to give students a chance to receive credit for an entire first year of college. There is a $25 fee if a student elects to sign up and begin coursework, and a $400 fee to receive college credit for each course.

Some Day In Higher Education: Predictions And Possibilities For A Jolly Academic New Year [Kirschner]

On 12/29/2022, in adjunct faculty, business side of he, career development, change, changing business models, collaboration, colleges, community colleges, consortiums, cost of getting a degree, future of higher education, game-changing environment, higher education, leadership, learning ecosystem, strategy, United States, universities, by Daniel Christian

Some Day In Higher Education: Predictions And Possibilities For A Jolly Academic New Year — from forbes.com by Ann Kirschner

Excerpt:

Partnering with the private sector. Some university will have a clear strategy and adequate staff to develop strategic partnerships with key regional economic players. These would include internship/apprenticeship student opportunities and curricular initiatives including part-time teaching roles for professors of practice in rapidly changing technologies.
Looking for presidential talent in new places. Some university will vet its new president for skills and experience as leaders of complex organizations in an era of disruption, with a Ph.D. as a optional nice-to-have. There just aren’t enough good ex-provosts and deans to go around.
An educated board of trustees. Some university will provide its trustees with a realistic understanding of the highly competitive and complex world of higher education today. Nostalgia for the good old days and a roomful of well-meaning financial experts can strangle innovation at a time when the university should be the leader in solving the world’s challenges, starting with the exploding need for advanced, scalable, affordable education.

Redefining the professoriate. Some university will reject the institutional shame of relying on overworked and underpaid adjunct faculty and on graduate students who are headed for those same dead-end adjunct positions. Some university will evolve the tenure process into one that celebrates and supports faculty as innovative teachers and rewards their critical role in student career development and service to the university.

Three items re: the business of higher education

On 12/24/2022, in business side of he, changing business models, colleges, community colleges, cost of getting a degree, funding / grants, generational differences, higher education, parents/guardians, society, student-related, surviving, United States, universities, by Daniel Christian

Local private colleges slash tuition prices as enrollment declines — from news.yahoo.com by Jason Law

Excerpts:

“By reducing the published price, we certainly would hope that more people would apply,” Alexander said. “If they see a sticker price of $60,000 or more, there’s research out there that says 60% of them don’t take the next step to apply or figure out if they can afford it.”
…
One of the most frustrating aspects for consumers, the Hechinger Report found, is the difference between a school’s sticker price—its published tuition cost–and the actual price a student will pay after scholarships and institutional aid are subtracted.

“Many families are not aware that some students do not pay the full sticker price for college. Only 18% of college-bound families agree that the amount families actually pay is lower than the price advertised by the school,” a 2022 Sallie Mae College Confidence report found.

Student Loan Debt: 2022 Statistics and Outlook — from investopedia.com by Daniel Kurt, Thomas Brock, and Amanda Jackson; with thanks to Ray Schroeder for posting this on LinkedIn
The numbers are staggering—and still on the rise

KEY TAKEAWAYS

The total amount of outstanding student loan debt in the United States is $1.77 trillion.
Soaring college costs and pressure to compete in the job marketplace are big factors for student loan debt.
Student loans are the most common form of educational debt, followed by credit cards and other types of credit.
Delinquency statistics may be understated because of the relief provided to student loan borrowers by the White House.
Borrowers who don’t complete their degrees are more likely to default.

Congress to Boost Pell Grant by $500 — from insidehighered.com by Katherine Knott
While the draft spending plan for fiscal year 2023 provides more funding for several programs, higher education groups and advocates had hoped for higher increases.

The incredible shrinking future of college — from vox.com by Kevin Carey

Excerpt:

The future looks very different in some parts of the country than in others, and will also vary among national four-year universities, regional universities like Ship, and community colleges. Grawe projects that, despite the overall demographic decline, demand for national four-year universities on the West Coast will increase by more than 7.5 percent between now and the mid-2030s. But in states like New York, Ohio, Michigan, Wisconsin, Illinois, and Louisiana, it will decline by 15 percent or more.

Higher ed’s eight-decade run of unbroken good fortune may be about to end.

Demand for regional four-year universities, per Grawe, will drop by at least 7.5 percent across New England, the mid-Atlantic, and Southern states other than Florida and Texas, with smaller declines in the Great Plains. Community colleges will be hit hard in most places other than Florida, which has a robust two-year system with a large Latino population.

The next generation of higher education leaders will take scarcity as a given and “return on investment” as both sales pitch and state of mind.

The decline of American higher education — from youtube.com by Bryan Alexander and Kevin Carey

Most Colleges Omit or Understate Net Costs in Financial-Aid Offers, Federal Watchdog Finds — from chronicle.com by Eric Hoover

Excerpt:

Nine out of 10 colleges either exclude or understate the net cost of attendance in their financial-aid offers to students, according to estimates published in a new report by the Government Accountability Office. The watchdog agency recommended that Congress consider legislation that would require institutions to provide “clear and standard information.”

The lack of clarity makes it hard for students to decide where to enroll and how much to borrow.

The report, published on Monday, paints a troubling picture of an industry that makes it difficult for consumers to understand the bottom line by presenting insufficient if not downright misleading information. Federal law does not require colleges to present financial-aid offers in a clear, consistent way to all students.

Higher ed faces ‘deteriorating’ outlook in 2023, Fitch says — from highereddive.com by Rick Seltzer

Dive Brief (excerpt):

U.S. higher education faces a stable but deteriorating credit outlook in 2023, Fitch Ratings said Thursday, taking a more pessimistic view of the sector’s future than it had at the same time last year.
Operating performance at colleges and universities will be pressured by enrollment, labor and wage challenges, according to the bond ratings agency. Colleges have been able to raise tuition slightly because of inflation, but additional revenue they generate generally isn’t expected to be enough to offset rising costs.

Merger Watch: Don’t wait too long to find a merger partner. Closure does not benefit anybody. — from highereddive.com by Ricardo Azziz
Leaders fail students, employees and communities when they embrace a strategy of hope in the face of overwhelming evidence.

Excerpt:

While not all institutions can (or should be) saved, most institutional closures reflect the failure of past governing boards to face the fiscal reality of their institution — and to plan accordingly and in a timely manner. Leaders should always consider and, if necessary, pursue potential partnerships, mergers, or consolidations before a school has exhausted its financial and political capital. The inability or unwillingness of many leaders to take such action is reflected in the fact that the number of institutional closures in higher education far outweighs the number of successful mergers.

In fact, the risk of closure can be predicted. In a prior analysis several coauthors and I reported on a number of risk factors predictive of closure, noting that most schools at risk for closure are small and financially fragile, with declining enrollment and limited resources to mount significant online programs. While there are many clear signs that a school is at risk for closure, the major challenge to mounting a response seems to be the unwillingness of institutional leaders to understand, face and act on these signs.

What can colleges learn from degrees awarded in the fast-shrinking journalism field? — from highereddive.com by Lilah Burke
Bachelor’s degrees offer solid payoffs, while grad programs post mixed returns, researchers find. But many students don’t go on to work in the field.

Excerpt:

Journalism jobs are hard to find. But it’s nice work when you can get it.

That’s the takeaway from a new report from the Georgetown University Center on Education and the Workforce on the payoff of journalism programs. An analysis of federal education and labor data reveals that journalism and communication bachelor’s degrees offer moderate payoff to their graduates, but only 15% of majors end up working in the field early in their careers. Newsroom employment has declined 26% since 2008, and researchers predict it will fall 3% over the next nine years.

Addendum on 12/10/22:

A Sectorwide Approach to Higher Ed’s Future — from insidehighered.com by Sylvia M. Burwell
Institutions must seek ways to differentiate themselves even as they work together to address common challenges facing all of higher education, writes Sylvia M. Burwell.

We have to think differently about the future of higher education. And rather than limit our work to what one type of institution or program can achieve, we should look across the entire higher education sector.

A sectorwide [insert DSC: system-wide] approach is needed because the economics of higher education are not going to hold.
…
To evolve our thinking on these questions, we should focus on the value proposition of higher education and market differentiation.

2023 Higher Education Trend Watch [Educause]

On 12/07/2022, in adjunct faculty, Bias | Diversity Equity & Inclusion (DE&I), blended learning, Blockchain, business side of he, colleges, community colleges, copyright/ownership/NFTs, cost of getting a degree, credentialing, cryptocurrencies, data related items, faculty, future of higher education, game-changing environment, health, higher education, hybrid learning, Hyflex learning, IT in HE, learning ecosystem, Learning from the Living [Class] Room, learning preferences, learning spaces, legislatures / government / legal, online learning, privacy, reinvent, society, staying relevant, student-related, surviving, teaching & learning, teaching online, United States, universities, by Daniel Christian

2023 Higher Education Trend Watch — from educause.edu

Also see:

2023 Strategic Trends Glossary — from educause.edu

Excerpts:

Closer alignment of higher education with workforce needs and skills-based learning
Continuation and normalization of hybrid and online learning
Continued adoption and normalization of hybrid and remote work arrangements
Continued resignation and migration of leaders and staff from higher education institutions
Declining public funding for higher education
…and more

“As enrollment falls and public skepticism grows, some colleges are cutting their prices” [Marcus] + several other items related to higher-education

On 12/03/2022, in adult learning, business side of he, change, changing business models, colleges, community colleges, cost of getting a degree, experimentation, future of higher education, game-changing environment, higher education, lifelong learning, new business models, skills, United States, universities, by Daniel Christian

Udacity’s Train-to-Hire Program Now Available in AWS Marketplace — from prnewswire.com by Udacity; with thanks to GSV for this resource

Excerpt (emphasis DSC):

MOUNTAIN VIEW, Calif., Nov. 29, 2022 /PRNewswire/ — Udacity, the digital talent transformation platform, today announced the availability of its Train-to-Hire Program in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). With the addition of this program, AWS customers can now address technical talent gaps in their organizations by working with Udacity to create customizable, hands-on learning programs that attract and upskill net-new sources of talent. Through these Train-to-Hire Programs, AWS customers can transform the breadth and depth of their talent pipelines, lowering recruiting costs for in-demand roles and improving the diversity of their workforce by offering new opportunities to candidates from underrepresented communities.

As enrollment falls and public skepticism grows, some colleges are cutting their prices — from hechingerreport.org by Jon Marcus
The cost of college has stopped rising faster than inflation for the first time since the 1980s

Excerpt:

Colby-Sawyer College, a nearly 200-year-old institution that inhabits a campus in the heart of this bucolic scene, has announced that it will lower its tuition next year for undergraduates by 62 percent, from $46,364 to $17,500.

The move is among the first of what experts are predicting could be many colleges’ so-called tuition resets. Other schools are adjusting what they charge in different ways.

Fewer than one in five families understand that the “sticker price” colleges put on their websites and in their catalogs is almost certainly more than they will have to pay, and six in 10 say it’s made them walk away without even bothering to apply.

From DSC:
That’s very understandable on that last item/quote.

Next Chapter Matters – Two More Universities Launch Midlife Programs For Every Budget — from forbes.com by Avivah Wittenberg-Cox; with thanks to Ray Schroeder out on LinkedIn for this resource

Excerpt:

Whether you are retiring with millions in the bank or stuck at midlife desperately dreaming of a career pivot, there may soon be a university program for you. The latest offerings coming to the market are a testament to the diversity that is likely to develop as educational institutions start to respond to ageing societies and the future of work.

The idea that you get all the education you need up front in a four-year bundle at 18, should fast fade as careers lengthen towards the six-decade mark and retirement ages drift ever upward. There are now 12 programs on offer, and the two latest launching this year in the US are the University of Chicago and the University of Colorado Denver. (I’ll be looking at programs launching in Europe next).

Report: Progress on College Completion Rates Stalls — from insidehighered.com by Safia Abdulahi; with thanks to GSV for this resource

Excerpt:

A new report from the National Student Clearinghouse Research Center shows that college completion rates have stagnated, with 62.3 percent of students who enrolled in 2016 completing a degree by June 2022—virtually unchanged from last year’s six-year completion rate of 62.2 percent.

Is This the Beginning of the End of the ‘U.S. News’ Rankings’ Dominance? — from chronicle.com by Francie Diep

Excerpt:

If the law deans’ criticism sounds familiar, it’s because it echoes the complaints that have been leveled for decades against an even bigger project: the magazine’s ranking of undergraduate colleges and universities. There, too, critics have said the magazine’s metrics are flawed, opaque, and harm equity efforts.

But seldom have institutions acted on their concerns, as Yale and its peers have recently. And if elite colleges are willing to withdraw their support from one U.S. News ranking in the name of equity, why not another? In other words, is the undergraduate ranking the next venue for this kind of protest?

Not yet.

LinkedIn CEO Ryan Roslansky: Skills, Not Degrees, Matter Most in Hiring — from hbr.org

Summary:

Ryan Roslansky, the CEO of LinkedIn, thinks the site should be a place where its members’ billions of years of collective work experience should be freed to upskill anyone, anywhere, any time. Skills, more than degrees or pedigrees, are the true measure of what makes a great new hire, he argues, especially as the workforce evolves in fast and dramatic ways.

Buyer Beware: First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions — from cew.georgetown.edu

Summary:

Did you know that in the first year after graduation you can make more money with an associate’s degree in nursing from Santa Rosa Junior College in California than with a graduate degree from some programs at Harvard University? Data from the College Scorecard reveal many more surprising details of post-college outcomes for students and families about that all-important first year after graduation. Buyer Beware: First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions finds that first-year earnings for the same degree in the same major can vary by $80,000 at different colleges and universities. It also reveals that workers with less education can often make more than workers with more education, and that higher levels of education do not always result in higher student loan payments.

Speaking of Georgetown, also see:

Georgetown University partners with Coursera to launch an online bachelor’s completion program for adult learners — from blog.coursera.org

In the U.S. alone, more than 39 million students leave college without a degree. Black, Latino, and Native American students are overrepresented in this population.

SCS’s program is designed to help students of all backgrounds complete their degrees and unlock their earning potential. The degree’s most recent on-campus cohort is composed of 62% students of color and 40% military-connected learners. SCS is introducing this fully online degree to scale this program to learners worldwide.

Can a Group of MIT Professors Turn a White Paper Into a New Kind of College? — from edsurge.com by Jeffrey R. Young

Excerpt:

A group of professors at Massachusetts Institute of Technology dropped a provocative white paper in September that proposed a new kind of college that would address some of the growing public skepticism of higher education. This week, they took the next step toward bringing their vision from idea to reality.

That next step was holding a virtual forum that brought together a who’s who of college innovation leaders, including presidents of experimental colleges, professors known for novel teaching practices and critical observers of the higher education space.

The MIT professors who authored the white paper tried to make clear that even though they’re from an elite university, they do not have all the answers. Their white paper takes pains to describe itself as a draft framework and to invite input from players across the education ecosystem so they can revise and improve the plan.

IDEAS FOR DESIGNING An Affordable New Educational Institution

The goal of this document is simply to propose some principles and ideas that we hope will lay the groundwork for the future, for an education that will be both more affordable and more effective.
…
Promotions and titles will be much more closely tied to educational performance—quality, commitment, outcomes, and innovation—than to research outcomes.

The Shrinking of Higher Ed — A Special Report from The Chronicle of Higher Education
A special report on the implications of the enrollment contraction.

Excerpt:

Nearly 1.3 million students have disappeared from American colleges since the Covid-19 pandemic began. That enrollment contraction comes at a precarious moment for the sector. Inflation is driving up costs and straining budgets, stock-market volatility is putting downward pressure on endowment returns, and federal stimulus funds are running out. Why is the enrollment crunch happening now? How are colleges responding? What might turn things around? Those are the questions fueling this special report.

A Public Regional on the Edge — from chronicle.com by Eric Kelderman
New Jersey City University’s plan to grow its way out of financial trouble backfired. What went wrong?

Excerpts:

NJCU’s story is a cautionary tale for similar institutions — small public regional colleges with ambitions to expand in a crowded higher-education market. While its real-estate dealings have drawn unfavorable scrutiny, the university was responding to challenges that face its peers, in northern New Jersey and around the country: increased competition for a declining number of high-school graduates.
…
Public regional universities, like NJCU, enroll about 40 percent of all college students nationally, and a far larger percentage of minority, low-income, and first-generation students than better-known flagships and top research universities do.
…
But a lack of state support, limited ability to attract students from outside the region, and sparse fund raising have made the university vulnerable to economic downturns and demographic shifts that have led to fewer high-school graduates, especially in the Northeast and upper Midwest.

Linked to in the above article was this article:

Declining enrollment has Western Michigan University on budgetary tightrope — from mlive.com by Julie Mack

Excerpts:

KALAMAZOO, MI — Western Michigan University has 17,835 students this fall, its lowest enrollment since the 1960s.

The number is down 6% from last fall. Down 27% from a decade ago, when the fall headcount was 24,598. Down 41% from 20 years ago, when WMU’s fall count peaked at 29,732.

And thanks to a declining birthrate and a shrinking percentage of new high school graduates enrolling in college, that downward enrollment trend is likely to continue indefinitely.

Rather, “what COVID did was force our hand after years of pressure created by declining enrollment and demographic trends that suggest declines will continue for the next decade,” she said. “So while COVID brought our financial situation into sharp relief, the budget cut was a measure taken to relieve pressure created over many, many years.”

A relevant addendum here:

Avoiding the Trap of Too Little Too Late — from tytonpartners.com by Trace Urdan; with thanks to Ryan Craig for this resource

Excerpt:

The challenges facing higher education are well understood: a demographic cliff of traditional-aged applicants, a declining proportion of full-pay families, and a growing skepticism of the value of (ever-more) expensive post-secondary degrees with resulting student consumerism. Add to this rapidly rising technological complexity, deferred maintenance on deteriorating physical assets, escalating administrative costs associated with student services and supports, and a burgeoning array of college substitutes, and the challenges are clear. The combination of lower tuition revenue and higher costs points toward an inevitable sector consolidation. And while many college administrators will readily acknowledge this point in the abstract, few will consider that it might apply to them.

A student debt study unravels the American Dream ideal that college will propel you to the middle class [Williams]

On 11/13/2022, in 21st century, Alternatives, colleges, community colleges, cost of getting a degree, dangers of the status quo, future of higher education, game-changing environment, higher education, parents/guardians, participation, society, sociology, trends, United States, universities, by Daniel Christian

A student debt study unravels the American Dream ideal that college will propel you to the middle class — from fortune.com by Bytrey Williams with thanks to Ray Schroeder for this resource out on LinkedIn

Excerpts:

Looking at a cohort of borrowers from 2009, the report highlights that 50% of undergraduate debtors hadn’t repaid their loans. Across different types of loans, borrowers owed between 50% to 110% of their original loan 10 years after repayment began.

A college degree is undoing the American Dream
Getting a college degree has long been heralded as a staple to the American Dream, viewed as the path to wealth that will eventually buy a house in suburbs with a white picket fence. But the Jain Institute report shows that’s no longer the case.

2023 Higher Education Trend Watch — from educause.edu

Excerpt:

This report focuses on the workforce, cultural, and technological shifts for ten macro trends emerging in higher education in 2023. Across these three areas of shift, we report the major impacts and steps that institutions are taking in response to each trend. Some trends overlap with the 2022 Higher Education Trend Watch report. However, while some topics and issues remain consistent, significant shifts have occurred across many of the trends for 2023.

DSC: Will this become a trend within higher education (i.e., more transparent, accurate pricing)?

On 11/09/2022, in business side of he, change, changing business models, colleges, community colleges, cost of getting a degree, Daniel S. Christian, future of higher education, higher education, new business models, United States, universities, by Daniel Christian

From DSC:
Will this become a trend within higher education (i.e., more transparent, accurate pricing)?

Why so many colleges have been resetting their tuition — from highereddive.com by Lilah Burke
Colby-Sawyer College is reducing its prices by 60% so tuition more accurately reflects what students pay. Other institutions are doing the same.

Excerpt:

Starting next academic year, Colby-Sawyer College will be decreasing tuition, but it’s not just shaving a few hundred dollars off its sticker price. The college is cutting its price from $46,364 to $17,500, a drop of more than 60%.

The move, said President Susan Stuebner, is intended to make more students consider attending the private New Hampshire college.

“We really recognize the need for transparency in pricing and we’re trying to align the published price more closely with what students currently pay,” she said.

But for Stuebner at Colby-Sawyer, the choice was clear.

“The pattern of higher education being on this trajectory of high-price, high-discount has just gotten so confusing for families. We’re really doing a disservice to them,” she said. “And they’re starting to push back.”

Coursera is Evolving into a Third-Wave EdTech Company [Feldstein]

On 11/02/2022, in Alternatives, business, business side of he, changing business models, cloud-based computing / apps / other cloud-related, CMS/LMS, collaboration, colleges, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, education technology, global / globalization, higher education, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning preferences, lifelong learning, MOOCs -- Massive Open Online Courses, new business models, online learning, pace of change, platforms, training / L&D, United States, vendors, by Daniel Christian

Coursera is Evolving into a Third-Wave EdTech Company — from eliterate.us by Michael Feldstein

Excerpts:

This is the vision of Coursera’s three-sided platform at scale, connecting learners, educators and institutions in a global learning ecosystem designed to keep pace with our rapidly changing world.

Coursera CEO Jeff Maggioncalda

Coursera's diversified model with 3 segments -- consumer, enterprise, and degrees

The point of this slide is to show the diversification of Coursera’s business. Degree programs may be down, but enterprise licenses and direct-to-consumer certificates are up. But it also indicates Coursera’s ability to diversify revenue streams for its university content providers. The enterprise business provides a distribution channel between universities and employers. From what I can tell, it’s a Guild competitor, even though the two companies look very different on the surface. The consumer segment started as the MOOC business and has expanded into the “tweener” space between courses and degrees: certificates, microdegrees, whatever.

Learning Ecosystems

Galloway: “The greatest assault on middle-class America’s prosperity may be the relentless, four-decade-long inflation in higher education.”

Reflections on “What is college for? Gov. Shapiro raises the question. Higher ed leaders are listening.” [Bunch]

Nice sales funnel here. ASU, Crash Course, & Google continue to innovate. “YouTube unveils new program that enables students to earn college credits” [Malik]

Some Day In Higher Education: Predictions And Possibilities For A Jolly Academic New Year [Kirschner]

“As enrollment falls and public skepticism grows, some colleges are cutting their prices” [Marcus] + several other items related to higher-education

Can a Group of MIT Professors Turn a White Paper Into a New Kind of College? [Young]

A student debt study unravels the American Dream ideal that college will propel you to the middle class [Williams]

2023 Higher Education Trend Watch [Educause]

DSC: Will this become a trend within higher education (i.e., more transparent, accurate pricing)?

Coursera is Evolving into a Third-Wave EdTech Company [Feldstein]

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