A Financial Crisis — Student Loan Debt — from freedomdebtrelief.com by Micahel Micheletti; with thanks to Aimée Bennett (APR, Principal, Fagan Business Communications, Inc.) for this resource

Key findings

1)  Impact of student loan debt on stress, day-to-day life (college attendees/grads)

  • 67% of respondents said the cost of their college education has caused them to feel overwhelmed.
  • 47% said their college education cost has contributed to mental or emotional health issues (e.g., anxiety, depression).
  • 38% said the cost has caused them to lose sleep at night.
  • 49% said the cost of their college education has impacted their choice of where to live.
  • 42% said it impacted their choice of careers or jobs.

2)  Impact of student loan debt on finances (college attendees/grads)

  • 59% respondents said they can’t save any money because of the cost of their college education.
  • 45% said they can’t go on vacation because of college costs.
  • 32% said they are carrying credit card debt because of college costs.
  • 48% said they have been unable to pay off (or down), or have delayed paying off (or down), other types of debt because of the cost of college.
  • 47% have been unable to, or have delayed contributing to, saving for emergencies.
  • 43% believe their college education cost has impacted their retirement age.

3) Willing to make sacrifices to eliminate student loan debt (college attendees/grads)

  • 52% of respondents said they would take a job with a salary less than what they expected if the company paid off their student debt.
  • 27% said they would be willing to commit a maximum of five years to a company if they paid off their student loans; 28% said they would be willing to commit more than five years.

4) Impact of child’s student loan debt on parents

  • 20% of parents said their child’s college education cost has contributed to mental or emotional health issues (e.g., anxiety, depression) of their own.
  • 20% of parents said their child’s college education cost has caused them to lose sleep at night.
  • 40% of parents believe their child’s college education cost has impacted their retirement age; 41% said the cost has impacted their overall retirement plan.
  • 42% said they had given up saving for retirement; 42% gave up going on vacation.

 

Additional survey findings

1) Student loan debt reforms

  • 54% of students said they feel that student loan debt should be forgiven by the federal government.
  • 63% of students, and 52% of parents, said they would support expanding student loan forgiveness for those in public service (e.g., teachers, government employees, first responders, military service).
  • 54% of students, and 42% of parents, said they would support free or subsidized tuition for low-income households.
  • 53% of students, and 50% of parents, said they would support tax breaks for companies that offer student-loan repayment programs.

2) Expected length of time to pay off student loan debt

3) Lack of knowledge of loan terms, types – among both college attendees/grads and parents

 

Average Student Loan Debt Statistics by School by State 2019 — from lendedu.com

Excerpt:

For the fourth consecutive year, LendEDU is pleased to once again publish our annual Student Loan Debt by School by State Report, an in-depth analysis of student loan debt figures at nearly 1,000 four-year private and public higher education institutions across the United States.

While the figures change each year, the narrative certainly does not; student loan debt continues to be a growing issue in the U.S. and at nearly all schools in the country as the cost of college continues to rise.

Nationally, outstanding student loan debt sits at $1.52 trillion, making it the second largest form of consumer debt trailing only mortgages.

On an individual scale, the average borrower from the Class of 2018 received their diploma and left campus with $28,565 in student loan debt, up from $28,288 that was owed by the average Class of 2017 borrower.

Because of these eye-popping numbers that have now elevated the issue of student loan debt to the national scale as evident by the recent 2020 Democratic debates, LendEDU places tremendous value on the annual Student Loan Debt by School by State Report.

 

From DSC:
After reviewing the item below — and after trying to limit the screen time of our youngest daughter these days — I am again reflecting on how difficult it is to raise kids today. I’m not going to get on the technology bashing train, but I’m just going to say that — at least in this area of life — my parents had it much easier!  🙂  It’s not easy to cut off the kids’ access to the Internet these days…as the article below illustrates!

Teen goes viral for tweeting from LG smart fridge after mom confiscates all electronics — from cbsnews.com by Caitlin O’Kane

Excerpt (emphasis DSC):

Dorothy said she was boiling rice one night and was too preoccupied by her phone, so the stove burst into flames. “So my mom took all my tech so i’d pay more attention to my surroundings,” she said.

Then she explained that both the DS and Wii allow image share, so she could send images from those devices to Twitter, adding messages.

Sometime after finding her DS, it was taken again, so Dorothy started tweeting from yet another connected device: her fridge. “My mom uses it to google recipes for baking so I just googled Twitter,” she told CBS News.

 

Has Technology Made State Regional Universities Obsolete? — from campustechnology.com by Richard Rose
While SRUs do some things well, the current model is not sustainable, with students taking on enormous debt and receiving relatively little income benefit in return. Here’s how technology can help change the equation.

Excerpts (emphasis DSC):

What if the State Board of Higher Education assembled a team to create one exceptionally fine Official Texas Version of the sophomore Western Civilization course? The team would include brilliant subject-matter experts, the best graphic artists, senior instructional designers, professional film editors and sharp-eyed text editors, who could produce a 48-clock-hour video course of previously unimaginable quality.

When technology is fully embraced because the need for a better and cheaper product finally trumps the political protection of the status quo, the state regional university will be replaced as part of new state university systems in which local institutions will play a very different role. These new local institutions could be called Learning Satellite Centers (LSCs).

Much content will take the form of high-budget, high-quality multimedia productions with delivery available to all popular devices, from desktop computers to cell phones. Access to learning materials, from course movies and podcasts to reading materials, will be through an expanded electronic distribution system that will eliminate the need for paper-based academic libraries.

The goal of the University Center plus Learning Satellite Center model is to transfer agency back into the hands of the students, where it belongs. No longer will a self-appointed privileged group of professional academics with their arcane degrees and funny ceremonial robes be dictating to the rest of society what we all need to learn and how we need to learn it. Technology will be the great leveler and the marketplace will help individual students decide what choices are best.

Of course, a brief sketch like this one will raise many questions that cannot be explored in a single article, but the conversation must begin. The current State Regional University is not sustainable and can only be propped up by politics and sentiment for so long. Too many students are piling up huge debt to earn dubious degrees that don’t lead to marketable skills or significant economic benefits. Technology has made more effective models of higher education attainable and at a lower price. We need to fearlessly explore such models before our charming old regional campuses drift into irrelevance.

 

From DSC:
While the article has a bit of a bite to it (which I suppose readers of this blog would say they might see in my writings/comments as well from time to time), THIS is the kind of innovative, creative thinking that will get us somewhere. I really appreciate Richard’s article and the deep thought he was put into this topic.

In fact, as readers of this blog will know, I have long been a supporter of a TEAM-BASED approach. And listed below are some graphics that prove it — as well as this article I wrote for evolllution.com (where the “lll” stands for lifelong learning) back from 2016.

This page* lists those graphics plus the list of team members that I thought of in December 2008:

  • Subject Matter Experts
  • Instructional Designers
  • Project Managers
  • Recruiters
  • Legal Counsel
  • Researchers / Mind Experts
  • Digital Audio Specialists
  • Digital Video Specialists
  • Streaming Media Experts
  • Mobile Learning Consultants
  • Writers and Editors 
  • Programmers and Database Specialists 
  • Web Design and Production Specialists
  • Interactivity Designers
  • Multimedia Specialists including Multi-Touch Experts/Programmers
  • 3D / 2D Graphic Designers and/or Animators
  • MindMappers / Visual Learning Experts
  • Personalized Learning Consultants
  • Security Experts
  • The students themselves
  • Other

*BTW, I renamed this idea from the Forthcoming Walmart of Education
to the Forthcoming Amazon.com of Higher Education

 

.

While I’m at it…below are a couple of ideas that I documented back in 2009 that Richard might like…

 

.

As of today…I would simplify that last graphic to
include a subscription model to streams of content.

 

Ok…one more graphic from 5/21/09 that describes what I thought would happen if institutions of traditional higher education maintained the status quo through the years. I feel pretty good about how these predictions turned out, but I wish that we would have made even more progress along these lines than we have (since the time I created this graphic).

 

 

 

 
 

3 million older Americans can’t find high-paying jobs, and it has nothing to do with skills. Here’s the one barrier they face that no one’s addressing. — from businessinsider.com by Allana Akhtar

Excerpts (emphasis below by DSC):

  • The share of older workers in the US labor force is increasing rapidly, causing new discussions on how to train a 55-plus population for highly skilled jobs.
  • Much of the jobs older workers take come from low-wage industries. One solution to get older workers high-paying jobs is to train them in skills these industries need.
  • Still, activists say that without addressing ageism, older workers will not find high-paying work at the same rate younger workers do.

 

In light of the aging workforce, experts say getting an education at age 22 will not last if Americans work into their 80s. 

 

Yet activists argue the biggest barrier to entry for older workers isn’t a lack of skills: ***it’s ageism.*** 

 

An investigation by ProPublica last year found more than half of US workers are pushed out of longtime jobs before they choose to retire. Seniors who want to work yet cannot find the opportunity to do so are often broke: the share of US workers who have suffered financially damaging, employer driven job separation after 50 increased from 10% in 1998 to 30% as of 2016, ProPublica found.

“Most older adults really have come to face that they are not going to make the same salaries,” Fisher said. “People who lose their jobs in their 50s are really in big trouble. It is very hard to get another job.”

 

 

Report: Over 60% of college students face hunger or housing insecurity — from educationdive.com by James Paterson

Excerpt:

Seven out of 10 students at two-year colleges and six out of 10 students at four-year colleges indicated that they faced food or housing insecurity sometime in the last 12 months, according to The Hope Center’s latest #RealCollege report, which surveyed almost 86,000 students last fall.

 

Also see:

  • Tuition or Dinner? Nearly Half of College Students Surveyed in a New Report Are Going Hungry — from nytimes.com by Kaya Laterman
    Many routinely skip meals and take ‘poverty naps’ because they cannot afford groceries. Campus food pantries are helping, but are they enough?
    Excerpt:
    Although the college food-pantry movement is well underway, as there are now over 700 members at the College and University Food Bank Alliance, efforts have recently expanded to include redistributing leftover food from dining halls and catered events, making students eligible for food stamps and other benefits, and perhaps most important, changing national and state education funding to cover living expenses, not just tuition.
 

This will be the biggest disruption in higher education — from forbes.com by Brandon Busteed; with thanks to Mr. Reid Gough for his posting this on LinkedIn

Excerpts (emphasis DSC):

Instead of going to college to get a job, students will increasingly be going to a job to get a college degree.

When asked about a potential new pathway for their children to get a college degree, 74% of all parents of K-12 students would consider a route where their child would be hired directly out of high school by an employer that offers a college degree while working. (Nearly four-in-ten gave the strongest level of endorsement saying they would “definitely” consider this.)

 

From DSC:
Here’s a ~4 minute piece from CBS News re: student loan debt.

Here are two excerpts from that video:

the cost of higher ed is out of control; 43 million borrowers now owe 1.5 trillion

the cost of higher ed is out of control; average household with student loan debt = $47,671

 

From DSC to potential college students:
You need to know that the ramifications of this type of debt can last for decades! Do everything you possibly can to either not borrow anything or to minimize these types of loan amounts.

This is another reason why the United States desperately needs a ***next generation learning platform*** — one that’s convenient, very inexpensive, and one that can also help people quickly reinvent themselves! One that is highly social, features human Subject Matter Experts (SME’s), and is backed up by #AI – based apps/features as well.

Along these lines…no longer are we running sprints (i.e., get a 4-year degree and you’re done). We’re now all running marathons (i.e., we’re now into lifelong learning in order to stay relevant and employed).

 


Also, the following item was announced today:

  • Cengage and McGraw-Hill to Merge, Providing Students with More Affordable Access to Superior Course Materials and Platforms — from businesswire.com
    Excerpt:
    NEW YORK & BOSTON–(BUSINESS WIRE)–McGraw-Hill and Cengage today announced that they have entered into a definitive agreement to combine in an all-stock merger on equal terms. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will bring together two premier learning companies that will deliver significant benefits for students, educators, professionals and institutions worldwide.“The new company will offer a broad range of best-in-class content – delivered through digital platforms at an affordable price,” said Michael E. Hansen, CEO of Cengage. “Together, we will usher in an era in which all students can afford the quality learning materials needed to succeed – regardless of their socioeconomic status or the institution they attend. Additionally, the combined company will have robust financial strength to invest in next-generation products, technology and services that create superior experiences and value for millions of students.”

Also see:

 

From DSC:
Along these lines, I don’t think Cengage/McGraw-Hill will be the largest company on the Internet by 2030 as predicted by Thomas Frey (a prediction I think he’s right on with…by the way). They were on watch when the prices of learning-related materials soared through the years. As such, they’ve likely burned through a great deal of good will…but we’ll see. They might be able to persuade myself and others that they’re the platform of choice for the future. Time will tell I guess.

 


 

 

Excerpt:

CONCLUSION
This paper has outlined the plethora of new credential types, uses, and modes of delivery. It also has highlighted advancements in assessment. In terms of assessment content, the progression of mastery-based assessments is a distinct departure from the traditional knowledge-based assessment approaches. New assessments are likely to enter the market, as companies see the tremendous growth of competency-based assessments that will be critical and necessary in the future ecosystem described.

Assessments are no longer just a source of grades for gradebooks. They have forged two meaningful bypass routes to seat time in higher education. In the first, competency-based education assessments gate the pace of student progress through the curriculum. In the second, certification by an exam delivers not a grade, but a degree-like credential in a relevant occupation, indicating skill and expertise. For some occupations, this exam-as-credential has already been market validated by employers’ willingness to require it, hire by it, and pay a salary premium for it.

All of these innovations are driving towards a common end. The future learning-to employment ecosystem will be heavily reliant on credentials and assessments. We see:

  • A future in which credentials will no longer be limited to degrees, but will come in varying shapes and sizes, offered by many organizations, training providers, and employers;
  • A future in which credentials will, however, be able to articulate a set of underlying “know” knowledge and “do” performance skill competencies;
  • A future in which a credential’s scope will be described by the set of competencies it covers, and measured via assessment;
  • A future in which a credential’s quality will be indicated by evidence of mastery within each competency before it is awarded;
  • A future in which quality metrics, such as consumer reviews or employer use of credentials will come into play, bringing the best and most usable credentials and assessments to the forefront.

And, finally, the future ecosystem will depend heavily on online and technology-enabled strategies and solutions. The working learner will turn away from those stringent solutions that require seat time and offer little flexibility. They will drive the market hard for innovations that will lead to consumer-facing marketplaces that allow them a “one-stop shop” approach for working, learning, and living.

The massive market of the working learner/the learning worker is here to stay. The future is that learner. Credentials and assessment will find their own strong footing to help successfully meet both the learners’ needs and the employers’ needs. We applaud this SHIFT. For, it will be an ecosystem that services many more learners than today’s education to employment system serves.

 

 

Most coherent report I have read on the erosion of degrees and the rise of assessing-for-work and amassing certifications as the competencies for the modern workplace. Jamai Blivin, of www.innovate-educate.org, and Merrilea Mayo, of Mayo Enterprises, have put in one report the history, current trends and the illogic for many people of paying for a retail bachelor’s degree when abundant certifications are beginning to prove themselves. Workforce and community colleges, this is a must-read. Kudos! 

Per Gordon Freedman on LinkedIn

 

 

Attention, college shoppers. These schools are slashing their prices. — from washingtonpost.com by Nick Anderson

Excerpt:

As soaring tuition scares off many families, a growing number of private colleges have embraced a marketing tactic associated more with selling airline tickets or flat-screen televisions than higher education: a price cut.

St. John’s College slashed tuition from $52,734 in this school year to $35,000 in the next.

The liberal arts school, with campuses in Maryland and New Mexico, joined more than 20 others nationwide that have reduced prices in the past three years.

The movement exposes a reality of higher education long hidden in plain sight: The difference between sticker prices and what the average student actually pays is often vast.

 

“Is that tenable? Is that right? Is that who we are?” asked Panayiotis Kanelos, president of the campus in Annapolis, Md. “Is it right for us to expect families to bear that burden?”

 

“Every time you raise the tuition, the screw gets tighter and tighter on families in the middle,” Kanelos said. “Something is broken in tuition pricing. We want to fix it now.”

 

The Lesson You Never Got Taught in School: How to Learn! — from bigthink.com by Simon Oxenham (from 2/15/13)
Psychological Science in the Public Interest evaluated ten techniques for improving learning, ranging from mnemonics to highlighting and came to some surprising conclusions.

 

Excerpts:

Practice Testing (Rating = High)
This is where things get interesting; testing is often seen as a necessary evil of education. Traditionally, testing consists of rare but massively important ‘high stakes’ assessments. There is however, an extensive literature demonstrating the benefits of testing for learning – but importantly, it does not seem necessary that testing is in the format of ‘high stakes’ assessments. All testing including ‘low stakes’ practice testing seems to result in benefits. Unlike many of the other techniques mentioned, the benefits of practice testing are not modest – studies have found that a practice test can double free recall!

Distributed Practice (Rating = High)
Have you ever wondered whether it is best to do your studying in large chunks or divide your studying over a period of time? Research has found that the optimal level of distribution of sessions for learning is 10-20% of the length of time that something needs to be remembered. So if you want to remember something for a year you should study at least every month, if you want to remember something for five years you should space your learning every six to twelve months. If you want to remember something for a week you should space your learning 12-24 hours apart. It does seem however that the distributed-practice effect may work best when processing information deeply – so for best results you might want to try a distributed practice and self-testing combo.

 

Also see:

 

 

 

 

Per Willingham (emphasis DSC):

  • Rereading is a terribly ineffective strategy. The best strategy–by far — is to self-test — which is the 9th most popular strategy out of 11 in this study.  Self-testing leads to better memory even compared to concept mapping (Karpicke & Blunt, 2011).

 

Three Takeaways from Becoming An Effective Learner:

  • Boser says that the idea that people have different learning styles, such as visual learning or verbal learning, has little scientific evidence to support it.
  • According to Boser, teachers and parents should praise their kids’ ability and effort, instead of telling them they’re smart. “When we tell people they are smart, we give them… a ‘fixed mindset,’” says Boser.
  • If you are learning piano – or anything, really – the best way to learn is to practice different composers’ work. “Mixing up your practices is far more effective,” says Boser.

 

Cumulative exams aren’t the same as spacing and interleaving. Here’s why. — from  retrievalpractice.org

Excerpts (emphasis DSC):

Our recommendations to make cumulative exams more powerful with small tweaks for you and your students:

  • Cumulative exams are good, but encourage even more spacing and discourage cramming with cumulative mini-quizzes throughout the semester, not just as an end-of-semester exam.
  • Be sure that cumulative mini-quizzes, activities, and exams include similar concepts that require careful discrimination from students, not simply related topics.
  • Make sure you are using spacing and interleaving as learning strategies and instructional strategies throughout the semester, not simply as part of assessments and cumulative exams.

Bottom line: Just because an exam is cumulative does not mean it automatically involves spacing or interleaving. Be mindful of relationships across exam content, as well as whether students are spacing their study throughout the semester or simply cramming before an exam – cumulative or otherwise.

 


From DSC:
We, like The Learning Scientists encourages us to do and even provides their own posters, should have posters with these tips on them throughout every single school and library in the country. The posters each have a different practice such as:

  • Spaced practice
  • Retrieval practice
  • Elaboration
  • Interleaving
  • Concrete examples
  • Dual coding

That said, I could see how all of that information could/would be overwhelming to some students and/or the more technical terms could bore them or fly over their heads. So perhaps we could boil down the information to feature excerpts from the top sections only that put the concepts into easier to digest words such as:

  • Practice bringing information to mind
  • Switch between ideas while you study
  • Combine words and visuals
  • Etc. 

 

Learn how to study using these practices

 

 

Why should anyone believe Facebook anymore? — from wired.com by Fred Vogelstein

Excerpt:

Just since the end of September, Facebook announced the biggest security breach in its history, affecting more than 30 million accounts. Meanwhile, investigations in November revealed that, among other things, the company had hired a Washington firm to spread its own brand of misinformation on other platforms, including borderline anti-Semitic stories about financier George Soros. Just two weeks ago, a cache of internal emails dating back to 2012 revealed that at times Facebook thought a lot more about how to make money off users’ data than about how to protect it.

Now, according to a New York Times investigation into Facebook’s data practices published Tuesday, long after Facebook said it had taken steps to protect user data from the kinds of leakages that made Cambridge Analytica possible, the company continued to sustain special, undisclosed data-sharing arrangements with more than 150 companies—some into this year. Unlike with Cambridge Analytica, the Times says, Facebook provided access to its users’ data knowingly and on a greater scale.

 

What has enabled them to deliver these apologies, year after year, was that these sycophantic monologues were always true enough to be believable. The Times’ story calls into question every one of those apologies—especially the ones issued this year.

There’s a simple takeaway from all this, and it’s not a pretty one: Facebook is either a mendacious, arrogant corporation in the mold of a 1980s-style Wall Street firm, or it is a company in much more disarray than it has been letting on. 

It’s hard to process this without finally realizing what it is that’s made us so angry with Silicon Valley, and Facebook in particular, in 2018: We feel lied to, like these companies are playing us, their users, for chumps, and they’re also laughing at us for being so naive.

 

 

Also related/see:

‘We’ve hit an inflection point’: Big Tech failed big-time in 2018 — from finance.yahoo.com by JP Mangalindan

Excerpt:

2018 will be remembered as the year the public’s big soft-hearted love affair with Big Tech came to a screeching halt.

For years, lawmakers and the public let massive companies like Facebook, Google, and Amazon run largely unchecked. Billions of people handed them their data — photos, locations, and other status-rich updates — with little scrutiny or question. Then came revelations around several high-profile data breaches from Facebook: a back-to-back series of rude awakenings that taught casual web-surfing, smartphone-toting citizens that uploading their data into the digital ether could have consequences. Google reignited the conversation around sexual harassment, spurring thousands of employees to walk out, while Facebook reminded some corners of the U.S. that racial bias, even in supposedly egalitarian Silicon Valley, remained alive and well. And Amazon courted well over 200 U.S. cities in its gaudy and protracted search for a second headquarters.

“I think 2018 was the year that people really called tech companies on the carpet about the way that they’ve been behaving conducting their business,” explained Susan Etlinger, an analyst at the San Francisco-based Altimeter Group. “We’ve hit an inflection point where people no longer feel comfortable with the ways businesses are conducting themselves. At the same time, we’re also at a point, historically, where there’s just so much more willingness to call out businesses and institutions on bigotry, racism, sexism and other kinds of bias.”

 

The public’s love affair with Facebook hit its first major rough patch in 2016 when Russian trolls attempted to meddle with the 2016 U.S. presidential election using the social media platform. But it was the Cambridge Analytica controversy that may go down in internet history as the start of a series of back-to-back, bruising controversies for the social network, which for years, served as the Silicon Valley poster child of the nouveau American Dream. 

 

 

 

Forecast 5.0 – The Future of Learning: Navigating the Future of Learning  — from knowledgeworks.org by Katherine Prince, Jason Swanson, and Katie King
Discover how current trends could impact learning ten years from now and consider ways to shape a future where all students can thrive.

 

 

 

From DSC:
The picture below was posted in the item below from edutopia. What a powerful picture! And not just for art or drama teachers!

Does it not once again illustrate that we are different? The lenses that we view the world through are different. Our learners are different. Each of us comes to a learning experience with different backgrounds, emotions, knowledge…and different real-life experiences.

As the article mentions, we need to create safe and supportive learning environments, where the love of (or at least the enjoyment of) learning can thrive.

 

Getting creative with social and emotional learning (SEL) — from by Maurice Elias, Sara LaHayne
How to incorporate creative expression and movement in the classroom while building social and emotional learning skills.

Excerpt:

Being creative is an inherently vulnerable process. In order to authentically build SEL competencies through creative expression, teachers need to strive to create a safe space, provide time, and open doors for validation.

  • Creating a safe and supportive classroom environment
  • Providing time
  • Opening the doors for validation

 

 

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