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Student loans outstanding will exceed $1 trillion this year — from USAToday.com by Cauchon

Excerpts:

Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers.

The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year (emphasis DSC).  Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York.

Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports.

“It’s going to create a generation of wage slavery,” says Nick Pardini, a Villanova University graduate student in finance (emphasis DSC) who has warned on a blog for investors that student loans are the next credit bubble — with borrowers, rather than lenders, as the losers.

 

From DSC:
Again, this speaks for the need for higher education to work hard on reinventing ourselves — innovating and thinking creatively to come up with significantly lower cost alternatives in offering a quality education to the youth of today. 

 

 

Academic Partnerships

Excerpt from their Value Proposition page:

The concept of a broad based, highly educated population began its journey to reality a 150 years ago, when Abraham Lincoln signed the Morrill Act in 1862. The Act called for the establishment of “at least one College in every state upon a sure and perpetual foundation, accessible to all, but especially to the sons of toil” (emphasis DSC).

Despite the unprecedented success of America’s public university system that is the envy of the world, reduced state and federal funding, almost a trillion dollars in student loans, tuition soaring out of reach for middle class families, stunning demographic changes and declining preparedness for college-level work, today’s public higher education is at a crossroads. Our old ways of doing business are no longer sustainable and the promise of the Morrill Act is in peril (emphasis DSC).

 

Also see:

Check out some of these announcements from The Future of State Universities 2011 Conference

 


From DSC:
Following are some of the announcements from last week’s the Future of State Universities Conference (oddly enough, I couldn’t find any blogs, recordings, etc. here…)


 

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October 7, 2011
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10:05 AM – 87% of the respondents to the pre-conference survey believe that public universities will undergo major structural changes in the future.

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9:15 AM –Two thirds of students graduating with 4-year degrees last year, owed on average $23,186 in student loans. CNN Money

Student loan debt has eclipsed credit card debt at $1.0 trillion and counting.

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In 2010 Open Universities Australia grew 35%–the largest increase on record. The Australian

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October 6, 2011
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3:45 PM – 57% of people surveyed by Pew and the Chronicle say that the cost of college outweighs its value. Boston Magazine

Unemployment rate for people under 25 is 54% and 9 out of 10 college grads are planning to move back in with their parents. Boston Magazine

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2:45 PM – Only 11% of respondents to the pre-conference survey believe that student readiness for college is stable or increasing.

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2:00 PM – 100% of presidents and 75% of provosts and deans that responded to the pre-conference survey believe that faculty interactions with students will change significantly in the coming years.

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1:00 PM – Stanford professor Thrun offered his, “Introduction to Artificial Intelligence” course online and free. 130,000 students signed up. —They will get the same lectures as students paying $50,000, same assignments, same exams, and, if they pass, “a statement of accomplishment”, but not Stanford credit. “Literally,” Thrun says, “we can probably get the same quality of education I teach in class for 1 to 2 percent of the cost.” The New York Times

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12:25 PM – iTunes U online is running 300 million downloads a year, with 350,000 lectures offered by more than 1,000 universities worldwide. BBC News Oxford has 10 million downloads—130,000 per week. More than half the people using them are from the US and China.

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9:45 am – 50% of respondents to the pre-conference survey believe that foreign universities will increasingly become competitors with U.S. universities for U.S. students.

95% believe that foreign students will be a major source of students in the future.

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9:35 am – Did you know: global higher education enrollment increased 53% in the last decade?

Did you know: 20% of all college students in the world are studying outside of their home country.


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October 5, 2011
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5:00 pm – Pre-conference Survey:

  • 90% of respondents to the pre-conference survey believe that state funding for higher education will continue to decline.
  • 85% believe that federal funding for higher education will decrease in the future.
  • 75% believe that public support for higher education is destined to decline as costs increase.
  • 13% believe that public universities are well prepared to market their online programs effectively.

 


From DSC:
Besides the words “reinvent” and  innovation— and the phrase “the perfect storm” — the following graphic comes to my mind yet again:

 

Staying Relevant

How did the robot end up with my job? — from the New York Times by Thomas Friedman

Excerpt:

In the last decade, we have gone from a connected world (thanks to the end of the cold war, globalization and the Internet) to a hyperconnected world (thanks to those same forces expanding even faster). And it matters. The connected world was a challenge to blue-collar workers in the industrialized West. They had to compete with a bigger pool of cheap labor. The hyperconnected world is now a challenge to white-collar workers. They have to compete with a bigger pool of cheap geniuses — some of whom are people and some are now robots, microchips and software-guided machines.

The proper term, says Lamy, is “made in the world.” More products are designed everywhere, made everywhere and sold everywhere.

The term “outsourcing” is also out of date. There is no more “out” anymore. Firms can and will seek the best leaders and talent to achieve their goals anywhere in the world.

 

Robots mania — from WashingtonPost.com
Each year robots are getting more sophisticated and entertaining than ever before. Check out these captivating robots that can do almost anything — from reciting Shakespeare to serving shaved ice cream with a smile.

 

5 ideas for responding to what kids want the nation to know about educationfrom The Innovative Educator by Lisa Nielsen

Excerpt:

In the session the focus was clear. Educators and the former principal (YAY for administrators) who attended wanted to know how we can hear the children and show them they matter, we love them, and we want to honor their unique passions, talents, interests, and abilities.  We discussed a lot of great ideas.  Here are five ways we discussed addressing what students want from education:

  1. Rather than bubbletests, measure student progress with personal success plans.
  2. Rather than report cards and transcripts allow students to showcase their learning with an authentic ePortfolio.
  3. Rather than work that only has the teacher as the audience, empower students to do real work that matters to them and has a real audience.
  4. Rather than telling students how to meet learning goals, empower them to drive their own learning as participant Deven Black explained he does (visit this link to see how).
  5. Have conversations with students about what their talents are.  You can use the videos in this article that feature students sharing stories about their talents.

An educational system built for another time, another student demographic — by Lloyd Armstrong, University Professor and Provost Emeritus at the University of Southern California

 

 

Excerpt:

…This is probably because much of our education system originally was designed around the traditional student and his or her needs, and the leading institutions in the system still serve primarily the traditional student. As a consequence, potential changes in educational approach or organization are most often judged according to whether or not they will benefit those traditional students who enjoy the benefits of residential life and a manageable financial burden. But, as this report describes, times have changed, the composition of the student body has changed, and because many of our institutions have not changed accordingly, the results are not pretty.

In particular, the report focuses on the plight of part time students, and shows that graduation rates for part time students at all levels – certificates, associates, and bachelors – are only about 40% as high as for full time students (if one looks at a time period twice the nominal period required for graduation). Graduation rates for both full time and part time students who are African-American, Hispanic, older, or low income are considerably lower than for the general student body, and the part-time “penalty” is somewhat higher than for the general population.

All in all, a very important report, with sensible and meaningful recommendations. I can’t give it an A, however, because I think its basic conclusion in not bold enough – and maybe not even correct. The recommendation is basically to fiddle the system to enable part time students to behave more like full time students, assuming that if they can behave more like full time students they will graduate like full time students. That is not a bad idea, of course, but why not start from the premise that the system itself needs to be redesigned so that it focuses on the needs of the part time students? Maybe the problem is not simply the full time/part time divide, but that the system responds or does not respond to the many and highly varied needs of part time (and by extension, non-traditional) students.

 

 From DSC:
Nice report — well done.  My only wish here would be that the costs of obtaining an education were discussed more — as one of the causes of this issue but also a potential/significant piece of the solution.  I think cost is one of the key factors as to why more students are becoming part-time students — and thus are more likely susceptible to “life getting in the way.”

There was some mention of this in the solution proposed — which was good to see:

4. Restructure programs to fit busy lives. It’s time to face facts: College students today are going to have to work while trying to graduate. What else can they do when college is so expensive? (emphasis DSC)

 

 

 

Back to basics? Time to redefine ‘basics’ for the 21st century — from Learning Everywhere today by Anne Knock

Excerpt:

Let’s reinvent what is considered the ‘basics’ for this generation and make it flexible enough to roll with the changes that will inevitably come. Let’s not say ‘back to basics’ but develop the ‘new basics.’

From DSC:
This posting provides a nice listing from Anne re: some of the items to help prepare our students for a dynamic and changing world; the posting also lists some of the key characteristics for the delivery of content, the learning environment, and for a thriving community of practice.  

 

 

 

 

From Daniel Christian: Fasten your seatbelts! An accelerated ride through some ed-tech landscapes.


From DSC:
Immediately below is a presentation that I did for the Title II Conference at Calvin College back on August 11, 2011
It is aimed at K-12 audiences.


 

Daniel S. Christian presentation -- Fasten your seatbelts! An accelerated ride through some ed-tech landscapes (for a K-12 audience)

 


From DSC:
Immediately below is a presentation that I did today for the Calvin College Fall 2011 Conference.
It is aimed at higher education audiences.


 

 Daniel S. Christian presentation -- Fasten your seatbelts! An accelerated ride through some ed-tech landscapes (for a higher ed audience)

 


Note from DSC:

There is a great deal of overlap here, as many of the same technologies are (or will be) hitting the K-12 and higher ed spaces at the same time. However, there are some differences in the two presentations and what I stressed depended upon my audience.

Pending time, I may put some audio to accompany these presentations so that folks can hear a bit more about what I was trying to relay within these two presentations.


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Steve Jobs has resigned as Apple CEO "effective immediately"

 

From DSC:
I want to post a thank you note to Mr. Steven P. Jobs, whom you most likely have heard has resigned as Apple’s CEO. Some articles are listed below, but I want to say thank you to Steve and to the employees of Apple who worked at Apple while he was CEO:

  • Thank you for working hard to enhance the world and to make positive impacts to our world!
  • Thank you for painstakingly pursuing perfection, usability, and excellence!
  • Thank you for getting back up on the horse again when you came out of a meeting with Steve, Tim and others and you just got reamed for an idea or implementation that wasn’t quite there yet.
  • Thanks go out to all of the families who were missing a dad or mom for long periods of time as they were still at work cranking out the next version of ____ or ____.
  • Thanks for modeling what a vocation looks like — i.e. pursuing your God-given gifts/calling/passions; and from my economics training for modeling that everyone wins when you do what you do best!

Thanks again all!

 

 

A visualization of the United States Debt — from usdebt.kleptocracy.us

From DSC:
Though this is the U.S. debt, the ramifications of this affect the entire globe. I believe my cousin, Mr. Stephen Gibson, is correct when he says that we may well be heading towards a “Global Reset.”

 

usdebt.kleptocracy.us

 

 

http://usdebt.kleptocracy.us/

 

Also see:

usdebtclock.org

— as of 8/24/11 around noon

 

Addendums later on 8/24/11 from Academic Impressions:

 

First day of sessionMPR Photo/Jeffrey Thompson

Just what are states pledging for higher ed these days?

  • Fidelity® study finds significant shifts over 5-yr period in how families tackle rising college costs
    Fifth Annual College Savings Indicator Study finds parents projected to meet only 16% of college costs, despite improved savings habits
    BOSTON – Fidelity Investments®, a leader in helping families save for college, today announced the results of its fifth annual College Savings Indicator study, which found significant shifts in savings behavior from 2007 to 2011, with more families: 1) starting to save in the preschool years despite financial pressures, 2) seeking guidance and saving for college using a dedicated account, such as a tax-advantaged 529 college savings plan, and 3) making shared sacrifices to achieve their college savings goals.

    The study features the College Savings Indicator, a calculation of the percentage of projected college costs the typical American family is on track to cover, based on its current and expected savings. After four consecutive years of decline, the Indicator held steady to the prior year at 16 percent, down from 24 percent in 2007, when Fidelity first launched the study. While overall preparedness has declined, a larger percentage of parents — more than two-thirds (67 percent) — have begun saving for college costs, compared with 58 percent five years ago.


Social media and its impact on how we learn in the workplace — from C4PLT by Jane Hart


 

From DSC:
One reflection that jumped out at me from Jane’s excellent presentation…and that I believe is a universal truth:

If an organization doesn’t respond to changing conditions, needs, desires, preferences, best interests, and/or the requirements of its customers, that organization will diminish in usefulness and will most likely (albeit eventually) go out of business.

I know I’m not introducing a new thought here and the above statement seems very self-evident, but do we heed this advice in corporate L&D? Corporate IT? IT within higher education? In higher education as an industry?

 


Connecting the dots to the future of technology in higher education — from Educause by Stephen diFilipo, VP and CIO at Cecil College

Excerpts:

Technology leadership must transition to managing access rather than managing assets.

Students today, in the post-PC era, arrive on campus with learning modalities distinctly different from those of previous students. To that point, technology leadership must become fully engaged to ensure that teaching and learning have priority consideration.

One thing is certain: those technologies that will require the greatest agility and speed of adoption are yet to be developed.

It should be the daily goal of every person who has chosen to participate in the leadership of higher education to take every action possible to connect these dots, thus ensuring that the future academy will not become “dangerously irrelevant.”

 

 

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