If you build it, debt will come — a solid article from quickanded.com by Jeff Selingo

Excerpt (emphasis DSC):

When we read or hear stories in the news media these days about debt in higher education, we typically assume they are about the trillion dollars in student loans held by college graduates and their families.

But last week The New York Times put the spotlight on an often ignored angle to questions of debt in higher education: the amount of money owed by colleges and universities themselves.

“The pile of debt — $205 billion outstanding in 2011 at the colleges rated by Moody’s — comes at a time of increasing uncertainty in academia,” Andrew Martin of The Times wrote in a front-page story.

Yet judging from the college officials quoted in The Times story, it seems they still don’t get that the financial model in higher education is forever changing. They still seem to believe that the model that has carried them for decades will continue.

The history of the United States is littered with industries that had similar hubris in the years or decade before they underwent massive change. Higher education is following that well-worn path.

 

Also see:

 

From DSC:
I must confess that I really appreciate the new or significantly enhanced buildings on our campus (which was done via a successful campaign).  However, I created the graphic below to encourage our  development group and other such departments across the country — as well as the donors of those institutions — to also:

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Daniel S. Christian - Think Virtual -- April 2012

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When I created that graphic, I had the words of Steve Jobs in mind.  Jobs specifically wanted Apple’s campaign from years ago to say, “Think different” (not think differently…as that changes the meaning, he asserted); along those lines, I’m suggesting, “Think virtual.”

An additional note for folks who are interested in the Bible:

  •  After reading John 4 (the conversation between Jesus and the Samaritan woman at the well), I could just hear the LORD saying…hmmm…nope…ultimately, you need to think spiritual.

 

 

Psalm 136:1 (NIV)

Give thanks to the Lord, for he is good.
His love endures forever.

Give thanks to the God of heaven.
His love endures forever.

Psalm 95:1-2

“Come, let us sing for joy to the LORD; let us shout aloud to the Rock of our salvation. Let us come before him with thanksgiving and extol him with music and song.”

Ephesians 3:20-21

Ephesians 3:20-21 (NIV)

20 Now to Him who is able to do immeasurably more than all we ask or imagine, according to His power that is at work within us, 21 to Him be glory in the church and in Christ Jesus throughout all generations, for ever and ever! Amen.

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Proverbs 1:1-6 (NIV)

Purpose and Theme

1 The proverbs of Solomon son of David, king of Israel:

for gaining wisdom and instruction;
for understanding words of insight;
for receiving instruction in prudent behavior,
doing what is right and just and fair;
for giving prudence to those who are simple,
knowledge and discretion to the young—
let the wise listen and add to their learning,
and let the discerning get guidance—
for understanding proverbs and parables,
the sayings and riddles of the wise. 

Psalm 119:18

Psalm 119:18 (NIV)

“Open my eyes that I may see wonderful things in your law.”

15 But if serving the Lord seems undesirable to you, then choose for yourselves this day whom you will serve, whether the gods your ancestors served beyond the Euphrates, or the gods of the Amorites, in whose land you are living. But as for me and my household, we will serve the Lord.”

 

Proverbs 9:10

“The fear of the LORD is the beginning of wisdom, and knowledge of the Holy One is understanding.”

Psalm 27:14

 “Wait for the LORD; be strong and take heart and wait for the LORD.”
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Psalm 37:4

 “Take delight in the LORD, and he will give you the desires of your heart.”
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Psalm 19:14

Psalm 19:14

 “May these words of my mouth and this meditation of my heart be pleasing in your sight, LORD, my Rock and my Redeemer.”

Hollywood's new Bible stories -- from the Wall Street Journal by Erica Orden

Philippians 1:9-10

Philippians 1:9-10 (NIV)

“And this is my prayer: that your love may abound more and more in knowledge and depth of insight, so that you may be able to discern what is best and may be pure and blameless for the day of Christ,”
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