A New Problem With Four-Year Degrees: The Surge in College Closures — from wsj.com by Milla Surjadi; article behind a paywall
Universities have buckled under the strain of tuition losses as the number of college-bound students continues to decline

Over 500 private, nonprofit four-year institutions have closed in the last 10 years, according to the State Higher Education Executive Officers Association. That is three times what it was in the decade prior. Rachel Burns, a senior policy analyst at SHEEO, estimates at least 1.25 million students were affected by these closures. (Many more for-profit institutions have closed in this period as well.)


68% of seniors say college has significantly boosted their ability to land well-paying jobs, poll finds — from highereddive.com by Natalie Schwartz
Although the survey suggests students believe higher education has improved their career prospects, they’re still worried about job market competition.

Dive Brief:

  • Around two-thirds of incoming college seniors said college has significantly contributed to their ability to land a well–paying job, according to a new survey from job platform Handshake.
  • A slightly higher share, 72%, said higher education has appreciably improved their ability to secure a meaningful job. And 85% of surveyed seniors said college significantly helped them understand their own career goals.
  • College seniors also indicated that higher education has helped them beyond their career development. According to the survey, 88% said college significantly contributed to their personal growth.

Exploring the Landscape of College Instruction — from sr.ithaka.org by Sage Love and Melissa Blankstein
Highlights from the 2024 US Instructor Survey

We are excited to announce the publication of the 2024 US Instructor Survey. This survey, adapted from our longstanding US Faculty Survey, provides a detailed snapshot of over 5,200 faculty members from different disciplines, institution types, ages, and titles across the US at four-year institutions. This new report offers a comprehensive overview of how college instructors across the country are navigating and shaping the current educational landscape.

Overall, we heard that instructors are increasingly adopting innovative, technology-driven teaching methods, while recognizing the critical role libraries play in supporting student success. The growing use of open educational resources (OERs) reflects a commitment to affordable education, though fewer instructors create their own. Additionally, strong institutional support remains essential for effective teaching, particularly IT and with pedagogical practices. Below we share several key findings:


Will 25 Percent Of Colleges Consolidate? An Update On A Prediction — from forbes.com by Michael Horn

But starting with the 2013-14 academic year, a whopping 726 degree-granting institutions closed through the 2022-23 school year, according to the National Center for Education Statistics. That means in just nine years, 15 percent of the-then 4,724 degree-granting colleges or universities closed.

Ultimately, after all, the prediction is a result of business model failure, in which rising expenses outpace revenue, as the students cease to enroll or have the capacity to pay enough.

But non-profit institutions are in their own world of hurt as well. According to Higher Ed Dive, 18 have announced their closure this year so far. But 141 closed between 2013-14 and 2022-23—or roughly 8.4 percent.


Survey: Over Half of Rising Seniors Feel Pessimistic About Starting Their Careers — from insidehighered.com by Ahsley Mowreader
New data from Handshake finds 57 percent of the Class of 2025 have low expectations for their future after graduation, largely tied to a competitive job market, student loan debt and current political climate.

Entering senior year can be a stressful time for college students as they prepare for their next step after graduation. Inside Higher Ed’s 2024 Student Voice survey found 68 percent of fourth-year students (n=703) are at least somewhat stressed when they think about their life postgraduation, with 25 percent feeling “extremely stressed.”

This year’s graduating class is feeling less hopeful than their peers before them, with almost three in five students sharing that they feel pessimistic about their immediate future, according to new data from Handshake.

The results highlight a challenging job market for new graduates, the role of affordability in higher education and how institutions are supporting students as they launch into careers.


 

 

2024 CHLOE 9 Report
August 13, 2024

CHLOE 9 | Strategy Shift: Institutions Respond to Sustained Online Demand

The ninth installment of the Changing Landscape of Online Education (CHLOE) report, produced by Quality MattersTM , Eduventures® and Educause — offers an overview of the current state of online learning in higher education as well as insights into its future development. The report was compiled by surveying chief online officers (COLOs) — the professionals best situated to assess the current state of this ever-developing field — at U.S. two- and four-year colleges and universities.

The majority of survey participants report both learner demand for online learning surging and institutional strategic priorities shifting to meet this demand, as well as the adaptation to the new presence of AI tools in the academic environment. Notable findings from the 53-page report include:

Priorities for Online Learning: Institutions are increasingly prioritizing the development of online versions of both on-campus courses (69%) and on-campus degrees (65%) in order to meet demand. In terms of their topmost priority, 43% of COLOs chose online versions of on-campus degrees (the majority of public four-year institutions identified this as their top priority), with online versions of on-campus courses selected as the top priority by 39%.
Tuition and Institutional Revenue: …
AI in Higher Education:  …
Third-Party Servicers:  …
Regular and Substantive Interaction: …


Two-thirds of colleges are prioritizing online versions of on-campus programs, poll finds — from highereddive.com by Natalie Schwartz
The ninth Changing Landscape of Online Education survey offers a glimpse into the distance education marketplace.

Dive Brief: 

  • Roughly two-thirds of colleges are making it a priority to create virtual versions of on-campus classes and programs, according to an annual survey of chief online learning officers.
  • College officials likely see creating online versions of existing programs as easier than launching entirely new academic programs, according to the report.
  • However, 48% of chief online learning officers still said their priorities included launching new online programs with no campus equivalent.

CHLOE 9 Report by Quality Matters, Eduventures, and EDUCAUSE Highlights Continuing Shift of Learner Demand and Institutional Strategy Toward Online Learning — from marketwatch.com
Key findings include increased demand from on-campus students for online options, a notable shift in institutional strategies to align with this demand, and the growing use of artificial intelligence in online education.

BOSTON, Aug. 13, 2024 /PRNewswire-PRWeb/ — Quality Matters, EDUCAUSE, and Eduventures Research have released the ninth edition of the Changing Landscape of Online Education (CHLOE) report, compiling the perspectives of chief online learning officers (COLOs) around the United States. CHLOE 9: Strategy Shift: Institutions Respond to Sustained Online Demand reveals a continued increase in student preference for online learning and the strategies institutions are employing to address this demand.

The report also outlines institutional perspectives on a host of other factors contributing to the state of online education, including artificial intelligence, third-party servicers, OPMs and regular and substantive interaction.


Addendum on 8/15/24:

The State of Online Learning | The CHLOE 9 Survey – Part 1 — from onedtech.philhillaa.com by Glenda Morgan

For the uninitiated, since 2017 the CHLOE report has surveyed Chief Online Learning Officers (COLOs) at higher education institutions in the US to map the changing landscape of online education. It has become an invaluable resource in understanding the topography of online learning in the US as well as how it is changing as more institutions move online and that environment becomes more regulated and more competitive.

I found this year’s survey much more engaging than in recent years. Many of the questions asked and the way they were framed address the issues of concern to people managing online learning. There is a lot in the survey, and I am going to break my coverage into two parts. In this first post, I want to cover the more general findings of the survey as well as some of my concerns with it. In my next post, I want to do a deeper dive into what the CHLOE survey reports about outsourcing and OPMs, a topic that we have covered extensively in this newsletter.

 

44% of Americans Expect Importance of College Education to Decline Over Next 10 Years, New Survey Reveals — from prnewswire.com by College Consensus

New College Consensus poll shows most Americans think traditional 4-year college best route to satisfying career, but nearly half expect importance of traditional college education to decline over next decade, with trade school offering an equal or better return on investment.

HILLSBOROUGH, N.C.Aug. 6, 2024 /PRNewswire/ — College Consensus, a comprehensive resource for college rankings and information, has released results of a new poll asking Americans about their confidence in higher education. Their findings can be seen at:

https://www.collegeconsensus.com/research/trust-in-higher-education/

The key takeaways of that report are that:

  • Americans still largely trust traditional higher education, but not as much as they used to
  • Nearly half of Americans believe traditional college education will decline in importance in the next decade
  • Americans view trade school as offering almost equivalent ROI to traditional college
  • Trust in community college and online college is lower than traditional, but still strong
  • Technology bootcamps struggling to gain trust

The above is happening at the same time as this:

US colleges are cutting majors and slashing programs after years of putting it off — from apnews.com

It’s part of a wave of program cuts in recent months, as U.S. colleges large and small try to make ends meet. Among their budget challenges: Federal COVID relief money is now gone, operational costs are rising and fewer high school graduates are going straight to college.

The cuts mean more than just savings, or even job losses. Often, they create turmoil for students who chose a campus because of certain degree programs and then wrote checks or signed up for student loans.

“For me, it’s really been anxiety-ridden,” said Westman, 23, as she began the effort that ultimately led her to transfer to Augsburg University in Minneapolis. “It’s just the fear of the unknown.”

 

Building a Collaborative Lifelong Learning Ecosystem — from by Bryan Benjamin and Amrit Ahluwalia

Staying current and relevant is essential for institutions in today’s rapidly evolving higher education landscape. However, innovative work cannot be accomplished in isolation.

On this episode, Bryan Benjamin, Executive Director of The Ivey Academy and Amrit Ahluwalia, Executive Director of Continuing Studies at Western University, discusses the importance of institutional collaboration and creating a scalable lifelong learning ecosystem.

 


ChatGPT Voice Mode Is Here: Will It Revolutionize AI Communication?


Advanced Voice Mode – FAQ — from help.openai.com
Learn more about our Advanced Voice capabilities.

Advanced Voice Mode on ChatGPT features more natural, real-time conversations that pick up on and respond with emotion and non-verbal cues.

Advanced Voice Mode on ChatGPT is currently in a limited alpha. Please note that it may make mistakes, and access and rate limits are subject to change.


From DSC:
Think about the impacts/ramifications of global, virtual, real-time language translations!!! This type of technology will create very powerful, new affordances in our learning ecosystems — as well as in business communications, with the various governments across the globe, and more!

 

 

Colleges keep closing. Are regulators doing enough to warn students? — from usatoday.com by Zachary Schermele
The Biden administration has aggressively tackled college oversight. But universities are still closing without warning, leaving students and faculty in the lurch.

That task is challenging, regardless of who’s in the White House because the federal government’s metrics for identifying at-risk private colleges have long been flawed. The most recent flutter of high-profile closures underscores how necessary federal intervention may be to protect the lives of students and faculty from getting derailed in the coming years. Tragic stories from students like Hebert are bringing new urgency to efforts to improve the government’s warning signs that a campus is flailing.

“It’s hard to see a world where colleges stop closing,” said Robert Kelchen, a higher education professor at the University of Tennessee, Knoxville, and a renowned policy expert. “So the challenge becomes: When do people know that their college is at risk?”


Also relevant/see:

 

For college students—and for higher ed itself—AI is a required course — from forbes.com by Jamie Merisotis

Some of the nation’s biggest tech companies have announced efforts to reskill people to avoid job losses caused by artificial intelligence, even as they work to perfect the technology that could eliminate millions of those jobs.

It’s fair to ask, however: What should college students and prospective students, weighing their choices and possible time and financial expenses, think of this?

The news this spring was encouraging for people seeking to reinvent their careers to grab middle-class jobs and a shot at economic security.

 


Addressing Special Education Needs With Custom AI Solutions — from teachthought.com
AI can offer many opportunities to create more inclusive and effective learning experiences for students with diverse learning profiles.

For too long, students with learning disabilities have struggled to navigate a traditional education system that often fails to meet their unique needs. But what if technology could help bridge the gap, offering personalized support and unlocking the full potential of every learner?

Artificial intelligence (AI) is emerging as a powerful ally in special education, offering many opportunities to create more inclusive and effective learning experiences for students with diverse learning profiles.

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11 Summer AI Developments Important to Educators — from stefanbauschard.substack.com by Stefan Bauschard
Equity demands that we help students prepare to thrive in an AI-World

*SearchGPT
*Smaller & on-device (phones, glasses) AI models
*AI TAs
*Access barriers decline, equity barriers grow
*Claude Artifacts and Projects
*Agents, and Agent Teams of a million+
*Humanoid robots & self-driving cars
*AI Curricular integration
*Huge video and video-segmentation gains
*Writing Detectors — The final blow
*AI Unemployment, Student AI anxiety, and forward-thinking approaches
*Alternative assessments


Academic Fracking: When Publishers Sell Scholars Work to AI — from aiedusimplified.substack.com by Lance Eaton
Further discussion of publisher practices selling scholars’ work to AI companies

Last week, I explored AI and academic publishing in response to an article that came out a few weeks ago about a deal Taylor & Francis made to sell their books to Microsoft and one other AI company (unnamed) for a boatload of money.

Since then, two more pieces have been widely shared including this piece from Inside Higher Ed by Kathryn Palmer (and to which I was interviewed and mentioned in) and this piece from Chronicle of Higher Ed by Christa Dutton. Both pieces try to cover the different sides talking to authors, scanning the commentary online, finding some experts to consult and talking to the publishers. It’s one of those things that can feel like really important and also probably only to a very small amount of folks that find themselves thinking about academic publishing, scholarly communication, and generative AI.


At the Crossroads of Innovation: Embracing AI to Foster Deep Learning in the College Classroom — from er.educause.edu by Dan Sarofian-Butin
AI is here to stay. How can we, as educators, accept this change and use it to help our students learn?

The Way Forward
So now what?

In one respect, we already have a partial answer. Over the last thirty years, there has been a dramatic shift from a teaching-centered to a learning-centered education model. High-impact practices, such as service learning, undergraduate research, and living-learning communities, are common and embraced because they help students see the real-world connections of what they are learning and make learning personal.11

Therefore, I believe we must double down on a learning-centered model in the age of AI.

The first step is to fully and enthusiastically embrace AI.

The second step is to find the “jagged technological frontier” of using AI in the college classroom.


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Futures Thinking in Education — from gettingsmart.com by Getting Smart Staff

Key Points

  • Educators should leverage these tools to prepare for rapid changes driven by technology, climate, and social dynamics.
  • Cultivating empathy for future generations can help educators design more impactful and forward-thinking educational practices.
 

What aspects of teaching should remain human? — from hechingerreport.org by Chris Berdik
Even techno optimists hesitate to say teaching is best left to the bots, but there’s a debate about where to draw the line

ATLANTA — Science teacher Daniel Thompson circulated among his sixth graders at Ron Clark Academy on a recent spring morning, spot checking their work and leading them into discussions about the day’s lessons on weather and water. He had a helper: As Thompson paced around the class, peppering them with questions, he frequently turned to a voice-activated AI to summon apps and educational videos onto large-screen smartboards.

When a student asked, “Are there any animals that don’t need water?” Thompson put the question to the AI. Within seconds, an illustrated blurb about kangaroo rats appeared before the class.

Nitta said there’s something “deeply profound” about human communication that allows flesh-and-blood teachers to quickly spot and address things like confusion and flagging interest in real time.


Deep Learning: Five New Superpowers of Higher Education — from jeppestricker.substack.com by Jeppe Klitgaard Stricker
How Deep Learning is Transforming Higher Education

While the traditional model of education is entrenched, emerging technologies like deep learning promise to shake its foundations and usher in an age of personalized, adaptive, and egalitarian education. It is expected to have a significant impact across higher education in several key ways.

…deep learning introduces adaptivity into the learning process. Unlike a typical lecture, deep learning systems can observe student performance in real-time. Confusion over a concept triggers instant changes to instructional tactics. Misconceptions are identified early and remediated quickly. Students stay in their zone of proximal development, constantly challenged but never overwhelmed. This adaptivity prevents frustration and stagnation.


InstructureCon 24 Conference Notes — from onedtech.philhillaa.com by Glenda Morgan
Another solid conference from the market leader, even with unclear roadmap

The new stuff: AI
Instructure rolled out multiple updates and improvements – more than last year. These included many AI-based or focused tools and services as well as some functional improvements. I’ll describe the AI features first.

Sal Khan was a surprise visitor to the keynote stage to announce the September availability of the full suite of AI-enabled Khanmigo Teacher Tools for Canvas users. The suite includes 20 tools, such as tools to generate lesson plans and quiz questions and write letters of recommendation. Next year, they plan to roll out tools for students themselves to use.

Other AI-based features include.

    • Discussion tool summaries and AI-generated responses…
    • Translation of inbox messages and discussions…
    • Smart search …
    • Intelligent Insights…

 

 

Introducing Eureka Labs — “We are building a new kind of school that is AI native.” — by Andrej Karpathy, Previously Director of AI @ Tesla, founding team @ OpenAI

However, with recent progress in generative AI, this learning experience feels tractable. The teacher still designs the course materials, but they are supported, leveraged and scaled with an AI Teaching Assistant who is optimized to help guide the students through them. This Teacher + AI symbiosis could run an entire curriculum of courses on a common platform. If we are successful, it will be easy for anyone to learn anything, expanding education in both reach (a large number of people learning something) and extent (any one person learning a large amount of subjects, beyond what may be possible today unassisted).


After Tesla and OpenAI, Andrej Karpathy’s startup aims to apply AI assistants to education — from techcrunch.com by Rebecca Bellan

Andrej Karpathy, former head of AI at Tesla and researcher at OpenAI, is launching Eureka Labs, an “AI native” education platform. In tech speak, that usually means built from the ground up with AI at its core. And while Eureka Labs’ AI ambitions are lofty, the company is starting with a more traditional approach to teaching.

San Francisco-based Eureka Labs, which Karpathy registered as an LLC in Delaware on June 21, aims to leverage recent progress in generative AI to create AI teaching assistants that can guide students through course materials.


What does it mean for students to be AI-ready? — from timeshighereducation.com by David Joyner
Not everyone wants to be a computer scientist, a software engineer or a machine learning developer. We owe it to our students to prepare them with a full range of AI skills for the world they will graduate into, writes David Joyner

We owe it to our students to prepare them for this full range of AI skills, not merely the end points. The best way to fulfil this responsibility is to acknowledge and examine this new category of tools. More and more tools that students use daily – word processors, email, presentation software, development environments and more – have AI-based features. Practising with these tools is a valuable exercise for students, so we should not prohibit that behaviour. But at the same time, we do not have to just shrug our shoulders and accept however much AI assistance students feel like using.


Teachers say AI usage has surged since the school year started — from eschoolnews.com by Laura Ascione
Half of teachers report an increase in the use of AI and continue to seek professional learning

Fifty percent of educators reported an increase in AI usage, by both students and teachers, over the 2023–24 school year, according to The 2024 Educator AI Report: Perceptions, Practices, and Potential, from Imagine Learning, a digital curriculum solutions provider.

The report offers insight into how teachers’ perceptions of AI use in the classroom have evolved since the start of the 2023–24 school year.


OPINION: What teachers call AI cheating, leaders in the workforce might call progress — from hechingerreport.org by C. Edward Waston and Jose Antonio Bowen
Authors of a new guide explore what AI literacy might look like in a new era

Excerpt (emphasis DSC):

But this very ease has teachers wondering how we can keep our students motivated to do the hard work when there are so many new shortcuts. Learning goals, curriculums, courses and the way we grade assignments will all need to be reevaluated.

The new realities of work also must be considered. A shift in employers’ job postings rewards those with AI skills. Many companies report already adopting generative AI tools or anticipate incorporating them into their workflow in the near future.

A core tension has emerged: Many teachers want to keep AI out of our classrooms, but also know that future workplaces may demand AI literacy.

What we call cheating, business could see as efficiency and progress.

It is increasingly likely that using AI will emerge as an essential skill for students, regardless of their career ambitions, and that action is required of educational institutions as a result.


Teaching Writing With AI Without Replacing Thinking: 4 Tips — from by Erik Ofgang
AI has a lot of potential for writing students, but we can’t let it replace the thinking parts of writing, says writing professor Steve Graham

Reconciling these two goals — having AI help students learn to write more efficiently without hijacking the cognitive benefits of writing — should be a key goal of educators. Finding the ideal balance will require more work from both researchers and classroom educators, but Graham shares some initial tips for doing this currently.




Why I ban AI use for writing assignments — from timeshighereducation.com by James Stacey Taylor
Students may see handwriting essays in class as a needlessly time-consuming approach to assignments, but I want them to learn how to engage with arguments, develop their own views and convey them effectively, writes James Stacey Taylor

Could they use AI to generate objections to the arguments they read? Of course. AI does a good job of summarising objections to Singer’s view. But I don’t want students to parrot others’ objections. I want them to think of objections themselves. 

Could AI be useful for them in organising their exegesis of others’ views and their criticisms of them? Yes. But, again, part of what I want my students to learn is precisely what this outsources to the AI: how to organise their thoughts and communicate them effectively. 


How AI Will Change Education — from digitalnative.tech by Rex Woodbury
Predicting Innovation in Education, from Personalized Learning to the Downfall of College 

This week explores how AI will bleed into education, looking at three segments of education worth watching, then examining which business models will prevail.

  1. Personalized Learning and Tutoring
  2. Teacher Tools
  3. Alternatives to College
  4. Final Thoughts: Business Models and Why Education Matters

New Guidance from TeachAI and CSTA Emphasizes Computer Science Education More Important than Ever in an Age of AI — from csteachers.org by CSTA
The guidance features new survey data and insights from teachers and experts in computer science (CS) and AI, informing the future of CS education.

SEATTLE, WA – July 16, 2024 – Today, TeachAI, led by Code.org, ETS, the International Society of Technology in Education (ISTE), Khan Academy, and the World Economic Forum, launches a new initiative in partnership with the Computer Science Teachers Association (CSTA) to support and empower educators as they grapple with the growing opportunities and risks of AI in computer science (CS) education.

The briefs draw on early research and insights from CSTA members, organizations in the TeachAI advisory committee, and expert focus groups to address common misconceptions about AI and offer a balanced perspective on critical issues in CS education, including:

  • Why is it Still Important for Students to Learn to Program?
  • How Are Computer Science Educators Teaching With and About AI?
  • How Can Students Become Critical Consumers and Responsible Creators of AI?
 

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.

 


Higher Education Has Not Been Forgotten by Generative AI — from insidehighered.com by Ray Schroeder
The generative AI (GenAI) revolution has not ignored higher education; a whole host of tools are available now and more revolutionary tools are on the way.

Some of the apps that have been developed for general use can be customized for specific topical areas in higher ed. For example, I created a version of GPT, “Ray’s EduAI Advisor,” that builds onto the current GPT-4o version with specific updates and perspectives on AI in higher education. It is freely available to users. With few tools and no knowledge of the programming involved, anyone can build their own GPT to supplement information for their classes or interest groups.

Excerpts from Ray’s EduAI Advisor bot:

AI’s global impact on higher education, particularly in at-scale classes and degree programs, is multifaceted, encompassing several key areas:
1. Personalized Learning…
2. Intelligent Tutoring Systems…
3. Automated Assessment…
4. Enhanced Accessibility…
5. Predictive Analytics…
6. Scalable Virtual Classrooms
7. Administrative Efficiency…
8. Continuous Improvement…

Instructure and Khan Academy Announce Partnership to Enhance Teaching and Learning With Khanmigo, the AI Tool for Education — from instructure.com
Shiren Vijiasingam and Jody Sailor make an exciting announcement about a new partnership sure to make a difference in education everywhere.

 

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.

 
 

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.

 
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