Indiana University to invest $8 million in online courses — from bizjournals.com

Excerpt:

Indiana University plans to invest $8 million during the next three years as part of an effort to develop online courses at its eight statewide campuses, including Indiana University Southeast in New Albany.

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Debt collectors cashing in on student loans — from the New York Times by Andrew Martin

Excerpt (emphasis DSC):

…many borrowers are struggling to pay off their student loans, and the debt collection industry is cashing in.

As the number of people taking out government-backed student loans has exploded, so has the number who have fallen at least 12 months behind in making payments — about 5.9 million people nationwide, up about a third in the last five years.

In all, nearly one in every six borrowers with a loan balance is in default. The amount of defaulted loans — $76 billion — is greater than the yearly tuition bill for all students at public two- and four-year colleges and universities, according to a survey of state education officials.

In an attempt to recover money on the defaulted loans, the Education Department paid more than $1.4 billion last fiscal year to collection agencies and other groups to hunt down defaulters.

 

From DSC:
Administrators throughout the country need to ask, how can we cut the price of our degrees by 50% or more?  No kidding!  I realize that sounds crazy, but if we don’t do this, cheaper — and increasingly attractive/convenient — alternatives will continue to develop. The conversation is not moving in a positive direction folks.
  There is a limit to people’s incomes and patience here.

U.S. debt $417 billion below the debt ceiling — from CNN.com by Jeanne Sahadi

Excerpt:

The debt ceiling is currently set at $16.394 trillion. At the end of August, the amount of debt subject to that limit — which excludes certain types of debt was $15.977 trillion, roughly $417 billion below the cap. Since the government typically borrows between $100 billion and $125 billion a month, that means it’s on track to hit the ceiling sometime in December. But the Treasury Department will likely be able to use “extraordinary measures” to keep the debt just below the legal limit for a couple of months.

Bottom line:
Congress will likely need to raise the ceiling in early 2013 or Treasury will risk defaulting on the country’s legal obligations by failing to pay all of its bills in full and on time.

From DSC:
At some point, if we don’t turn things around, the vast majority of our tax dollars will go to pay for interest on our debt…and. nothing. else.

 

Amazing timelapse video of Patrick Vale drawing the Manhattan skyline — from thisiscolossal.com as posted by Christopher Jobson

 

Amazing Timelapse Video of Patrick Vale Drawing the Manhattan Skyline timelapse New York drawing

 

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More than 16 million U.S. children currently live in food insecure households, according to the U.S. Department of Agriculture (USDA). These families too often confront a painful choice—pay bills, provide shelter, or put food on the table. To address this increasing need, nonprofits, foundations, government, and corporations must work together to make sure more children have access to the safety net programs that can provide them with the food they need to thrive.

 

—  Collaboration and Partnerships: The Path to Ending Child Hunger
Neil Nicoll, YMCA of the USA – Posted August 27, 2012

Also see:

 

The middle class falls further behind -- part of the perfect storm for higher ed in the US

 

From DSC:
Along with a host of other trends, this is a piece of the perfect storm in higher ed. People will find a way to make a living — whether this involves “traditional” higher education or not. From a career development side of things, robotics may make these graphics even more pronounced as jobs move from being done by humans to jobs being done by robots.

Also see:

 

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Addendums:

 

How children learn: Portraits of classrooms around the world — by Maria Popova and Julian Germain
A revealing lens on a system-phenomenon both global in reach and strikingly local in degree of diversity.

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 Jessore, Bangladesh. Year 10, English.
Image courtesy Julian Germain

 

Also see:

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States with online course or online experience requirements — from Sevenstar

  1. Alabama (As of 2008, all students must earn one credit in an advanced placement course, an honors course, a dual credit course or a distance learning course)
  2. Florida (For the 2011-2012 academic year, Florida begins requiring its high school students to complete at least one course online in order to graduate. As of 2006, all students must have the option to take an online course if a student wants it)
  3. Georgia (Starting in 2014, all ninth grade students will have to take at least one online course before graduation)
  4. Michigan (As of 2006, all incoming high school students must complete a course of study delivered via the intranet/Internet; or students will complete 20 hours of structured, sustained, integrated, online experiences.)
  5. Idaho (All students who begin ninth grade in fall 2012, must take 2 online courses to graduate)
  6. New York (As of 2011, public schools in the state of New York must spend significant amounts of time online)
  7. New Mexico (As of 2011, All students must earn one credit in an advanced placement course, an honors course, a dual credit course or a distance learning course)
  8. Virginia (All students who begin ninth grade in fall 2013, must take at least part of a course online to receive a standard or advanced-studies high-school diploma.)

 

Also see:

  • Christian Schools, Finances and Online Courses: Ready for a New Wineskin? — from Sevenstar
    Financial-based decisions are occurring in almost every school. While financial stewardship has always been a hallmark of the Christian school movement, the decisions to cut faculty, reduce the breadth of classes offered, and close schools may lessen the impact of Christian education in the United States. This white paper describes the changed landscape of education and presents opportunities for Christian Schools to thrive financially in this new environment. If your school is concerned about financial sustainability, be sure to read this seminal white paper.

 

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California State University selects Pearson to launch Cal State Online — from PRWeb.com
Fully online program to increase access to higher education for students.

Excerpt:

The California State University, the nation’s largest four-year university system, has selected Pearson to launch Cal State Online, a fully online program designed to increase access to higher education. Cal State Online will launch in January 2013 with a selection of undergraduate degree completion and professional master’s programs, leveraging the multitude of programs currently available across the CSU.

 

Also see:

Key findings from Executive Excess 2012: The CEO Hands in Uncle Sam’s Pocket — from the Institute for Policy Studies by Sarah Anderson, Chuck Collins, Scott Klinger, Sam Pizzigati

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Executive Excess 2012

Key findings:

  • Of last year’s 100 highest-paid U.S. corporate chief executives, 26 took home more in CEO pay than their companies paid in federal income taxes, up from the 25 we noted in last year’s analysis. Seven firms made the list in both 2011 and 2010.
  • The CEOs of these 26 firms received $20.4 million in average total compensation last year. That’s a 23 percent increase over the average for last year’s list of 2010’s tax dodging executives
  • The four most direct tax subsidies for excessive executive pay cost taxpayers an estimated $14.4 billion per year—$46 for every American man, woman, and child. That amount could also cover the annual cost of hiring 211,732 elementary-school teachers or creating 241,593 clean-energy jobs.

 

From DSC:
Considering our corporations are sitting on $1.X trillion, where is our nation’s heart? Priorities? Care for fellow mankind? It seems the “every man for himself” philosophy and manner of living is alive and well here in America. My alma mater would be proud — it’s their philosophy exactly.

 

 

The decline of US manufacturing jobs and living standards — from bbc.co.uk by Jonny Dymond BBC News, Michigan

Excerpt:

For decades America’s vibrant manufacturing sector provided poorly educated workers a bridge to the middle class. But today’s plants need highly skilled workers who know their way around ultra-high tech machinery.

From DSC:
While manufacturing levels are back up, unemployment rates continue (McAfee, 8/8/12 –> “But new manufacturing facilities in America and elsewhere today don’t need large numbers of hard-working-but-unskilled workers; they need small numbers of hard-working-and-highly-skilled ones.”).

I have a feeling the middle class is going to continue to shrink here in America, unless we can reinvent ourselves. But reinventing ourselves requires that people learn about new things — something much more feasible if people like to learn. 

Upon graduating high school, do our students like to learn? Upon graduating college, do your students enjoy learning about new things? If not, how can we make learning more engaging and enjoyable?  That’s imporant these days because there”s no more hopping on the corporate bandwagon for 40 years and then retiring with a nice pension/401(K) plan.  All of us will need to “go back to our drawing boards” many times during our lifetimes now.

 Also see:

 

 

U.S. Chamber of Commerce Issues Wake-up Call to Higher Ed

Also see:

 

 

codeforamerica.org

Colleges and Universities Raise $30.30 Billion in 2011  — from Council for Aid to Education (CAE)

Excerpts:

Contributions to the Nation’s Colleges and Universities at $30.30 Billion
Charitable contributions to colleges and universities in the United States increased 8.2 percent in 2011, reaching $30.30 billion, according to results of the annual Voluntary Support of Education (VSE) survey. The findings were released today by the Council for Aid to Education (CAE). Adjusted for inflation, giving increased 4.8 percent. Giving for capital purposes, such as endowments and buildings, increased 13.6 percent (10.1 percent, adjusted for inflation).

Charitable Gifts Concentrated at the Top
As is true of the nonprofit sector overall, most of the charitable dollars go to a small number of institutions. Twenty-five percent of the responding institutions raised 86.3 percent of the dollars reported on the VSE survey. The next 25 percent account for under 10 percent, and the next two quartiles of institutions together account for less than 5 percent of the total.

 

From DSC:
My encouragement to Development Offices/Departments:

  • In addition to thinking about facilities/the physical plant, also:
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Daniel S. Christian - Think Virtual -- April 2012

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