Changing the Economics of Education -- John Hennessy and Salman Khan at 2012 All Things Digitall

 

Excerpt:

Is there anything to be done about the rising price of higher education? That was the question posed to John Hennessy, president of Stanford University, and Salman Khan, founder of Khan Academy, a nonprofit online-learning organization. They sat down with The Wall Street Journal’s Walt Mossberg to discuss how technology might be part of the solution.

Here are edited excerpts of their conversation.

 

Addendum on 6/7/12:

  • D10: Stanford, Khan Academy, and the future of higher ed — from techhive.com by Jason Snell
    Excerpt:
    Though the crushing cost of college education wasn’t a major topic of Khan and Hennessy’s conversation with D10 co-host Walt Mossberg, it’s certainly a major cause of anxiety for parents. But most of the time, the conversation dwelled on the simple issue that technology is going to radically transform education—and right now everyone’s trying to figure out how to manage that change. “There’s a tsunami coming,” Hennessy said. “I don’t know how it’s going to break, but my goal is to try to surf it, not just stand there.” At its simplest form, technology needs to find ways to make education more efficient. That means serving more students, but also teaching them more effectively.

 

The Future of TV  - special from CNBC which airs tonight - May 7, 2012

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Also see:

and…

 

Addendums on 5/8/12:

Double vision: TV gets interactive — from thetowntalk.com by Fraizer Moore

Piers Fawkes: The future of TV — from psfk.com by Piers Fawkes

A solid Q&A with such questions as:

  • The old hierarchical vertical order of: channel – series – episode, seems to be in danger, letting the horizontal disorder take its place. What do you think broadcasters can do to serve people during this shift?
  • The TV channel is being challenged, first by VOD and now by internet based services. How do you think the TV channels’ role will evolve in the next 5 years? Will the traditional push-based model maintain its centrality or will users be looking for search-only and pull-based alternatives?
  • A new form of TV means new revenue models. Who do you think will finance the next successful TV show in 10 years and how? Will the new channels’ role generate new business models? How you imagine them?
  • To protect our brain from information overload we need to filter and recommendations are a form of filtering. How do you think people’s recommendations will shape the future role of TV channels in the next years to come?
  • Artificial Intelligence, Smart Agents and algorithms are directing us into a world of Adaptive User Interfaces capable of recognizing different users and provide them with an anticipated, personalized experience. How do you think the future TV will shape around people’s habits and tastes?

The Campus Tsunami — from The New York Times by David Brooks

Excerpts:

But, over the past few months, something has changed.The elite, pace-setting universities have embraced the Internet. Not long ago, online courses were interesting experiments. Now online activity is at the core of how these schools envision their futures.

What happened to the newspaper and magazine business is about to happen to higher education: a rescrambling around the Web.

From DSC:
What David Brooks said in this last bolded sentence (above) is what I have been saying, but in a slightly different way:

Other industries have been up to bat, and the Internet was pitching.  Higher education used to be on deck. But now, higher education is at bat.

 

Harvard, MIT to partner in $60 million initiative to offer free online classes to all — from Boston.com by Mary Carmichael and Johanna Kaiser, Globe Staff and Globe Correspondent

Excerpt:

CAMBRIDGE — Harvard University and the Massachusetts Institute of Technology said today they will team up to launch a $60 million initiative to offer free, online, college-level courses under a joint superbrand known as edX.

The announcement instantly makes the entity a preeminent player in the burgeoning worldwide online education sector, which has seen several major start-ups — including some affiliated with top-tier universities — in recent months.

Also see:

  • MIT and Harvard announce edX — from mit.edu
    Joint partnership builds on MITx and Harvard distance learning; aims to benefit campus-based education and beyond.
  • EdX: A platform for more MOOCs and an opportunity for more research about teaching and learning online — from InsideHigherEd.com by Audrey Watters
    Excerpt:
    At a joint press conference today, Harvard University President Drew Faust and MIT President Susan Hockfield announced a new nonprofit partnership, edX, that would offer free open online courses. If the “X” sounds familiar when paired with MIT, it’s because the Massachusetts Institute of Technology unveiled its plans for MITx late last year, its online learning initiative that would allow anyone with an Internet connection to take an online class from the university and receive a certificate upon successful completion. The first class, 6.002x Circuits and Electronics, is currently underway.
  • EdX: The Future of Online Education is Now
  • Harvard and MIT launch edX to offer free online classes — from CNN.com by James O’Toole
    NEW YORK (CNNMoney) — Always wanted to take a Harvard class? Soon you’ll be able to do so from the comfort of your own home.
  • Massive Courses, Massive Data — from InsideHigherEd.com by Steve Kolowich
    Harvard joins MT in platform to offer massive online courses

From DSC:
As Brian Crosby points out in the title of his blog — “Learning is Messy.” 

There is no silver bullet in the world of education that can be used to effectively teach everyone. In fact, if you were to get 100 instructional designers/teachers/professors/instructors/trainers in the same room, you will not be able to find anything close to a strong agreement on what constitutes the best and most effective learning theory as well as the practical implementations of applying that learning theory (even if we were to be talking about the same age range of students). In my Master’s work, I was looking for that silver bullet…but I never found one.

It is very difficult for a professor or a teacher to deliver truly personalized/customized learning to each student in their classroom:

  • How can a teacher consistently know and remember what motivates each particular student?
  • Because so much of learning depends upon prior learning, what “hooks” exist — per student — that he/she can use to hang new information on?
  • Then, what’s the most effective method of delivering the content for each particular student that might shift the content from their working memories to their long-term memories? (And in the process, do so in a way that develops a love for learning that will serve the student well over his lifetime)
  • What’s the best way to assess the learning for each student?
  • Which students cognitive loads are being eaten up due to the nervousness around being assessed?
  • What are the best methods of passing along those learnings onto the students’ future teachers’ for the students’ benefit?

In my estimation, the way we have things setup throughout most K-16 education, this is an impossible task. When there’s typically only 1-2 teachers trying to teach to 20-30 students at a time, how can this type of personalized instruction occur?

However, I believe digital learning and its surrounding tools/ecosystems hold enormous promise for delivering truly customized/personalized learning opportunities.  Such technologies will be able to learn where a student is at, how to motivate them, how fast to push them, and how they best progress through a type of content.  Such tools will provide real-time, learning-related, diagnostic dashboards for professors or teachers to leverage in order to guide and optimize a student’s education.

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So I believe that the promise is there for delivering truly customized/personalized learning opportunities available 24x7x365 — even though we aren’t completely there yet.  But think of the power a teacher would have if he or she had IBM’s Watson AI-based analysis on each student at their disposal! A “guide on the side” using such diagnostic tools could be a ***potent*** ally for a student.*

As such, I see innovative approaches continuing to come to fruition that will harness the power of serious games, analytics, web-based learner profiles, and multimedia-based/interactive learning content. Eventually, a piece of this type of personalized education will enter in via the Smart/Connected TVs of our living rooms…but that’s a post I’m building out for another day in the near future.

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*Another hope I have here is that such technologies will
enable students to identify and pursue their passions.

 


Some items that reinforced this notion for me include:


 

The key link from Bloom (1913-1999) one e-learning paper you must read plus his taxonomy of learning — an excellent item from Donald Clark Plan B (also see Donald’s archives for postings re: 50 top learning theorists)

The 2 Sigma Problem: The Search for Methods of Group Instruction as Effective as One-to-One Tutoring
Benjamin Bloom
University of Chicago | Northwestern University

Excerpt:
Most striking were the differences in final achievement measures under the three conditions. Using the standard deviation (sigma) or the control (conventional) class, it was typically found that the average student under tutoring was about two standard deviations above the average of the control class (the average tutored student was above 98% of the students in the control class). The average student under mastery learning was about one standard deviation above the average of the control class(the average mastery learning student was above 84% of the students in the control class).

Two key items from EdNet Insight’s Anne Wujcik:

Mapping a Personalized Learning Journey – K-12 Students and Parents Connect the Dots with Digital Learning — from Project Tomorrow

Personalizing Learning in 2012 — The Student & Parent Point of View [infographic] — from Project Tomorrow
Excerpt from Anne’s posting:

This first report focuses on how today’s students are personalizing their own learning, and how their parents are supporting this effort. That personalization centers around three student desires: including how students seek out resources that are digitally-rich, untethered and socially-based. The report share the unfiltered views of K-12 students and parents on these key trends and documents their aspirations for fully leveraging the technologies supporting these trends to transform their learning lives.

Elite universities’ online play — from insidehighered.com by Steve Kolowich

Excerpt:

Princeton University, the University of Pennsylvania and the University of Michigan at Ann Arbor have teamed up with a for-profit company to offer free versions of their coveted courses this year to online audiences. By doing so, they join a growing group of top-tier universities that are embracing massively open online courses, or MOOCs, as the logical extension of elite higher education in an increasingly online, global landscape.

Princeton, Penn and Michigan will join Stanford University and the University of California at Berkeley as partners of Coursera, a company founded earlier this year by the Stanford engineering professors Daphne Koller and Andrew Ng. Using Coursera’s platform, the universities will produce free, online versions of their courses that anyone can take.

Also see:

McGraw-Hill report demonstrates power of adaptive learning technology to personalize education and support needs of 21st century students — prnewsire.com
Report illustrates how personalized learning is the key to engage, retain and graduate students and prepare them for the global workforce

Excerpt:

NEW YORK, April 12, 2012 /PRNewswire/ — A new report released today by the McGraw-Hill Education characterizes adaptive learning technology as the lynchpin in personalizing education in today’s K-12 and higher education classrooms. According to the report, adaptive learning technology, also known as a computer-assisted smart tutor, helps teachers tailor instruction for every student in the class, effectively creating a “class of one” and significantly improving learning outcomes.

The authors highlight three of McGraw-Hill’s adaptive programs:

  • LearnSmart is the leading interactive study tool for higher education that adaptively assesses students’ skill and knowledge levels to track which topics students have mastered and which require further instruction and practice. It then adjusts the learning content based on students’ strengths and weaknesses…
  • Power of U is a revolutionary, digitally rich personalized middle school math pilot program that uses real-time assessment data to group students in ways that allow them to learn at their own pace, in their own style, using the medium that works best for them…
  • ALEKS®, one of the pioneer products to use adaptive learning technology, is a web-based assessment and learning system created by the ALEKS Corporation and exclusively distributed by McGraw-Hill Higher Education to colleges and universities.

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From DSC:
These are the types of technologies that will make their way into courses that you can take from your Smart/Connected TV (i.e. “learning from your living room” and “The Forthcoming Walmart of Education” trends continue to develop and are moving one step closer to reality).  

 

Everybody’s worried now — from InsideHigherEd.com by Kevin Kiley
Excerpts:

EASTON, PA. — A year ago, the notion that Smith College — with a $1 billion endowment, high student demand, and frequently cited educational quality — was raising existential questions, particularly about its economic model, seemed a fairly radical notion.

But an idea that seemed striking in the past  — that elite liberal arts colleges might have to make significant changes in the next few years if they are to remain relevant (or present) in the current educational market — is now the hottest topic in the sector.

A conference this week here at Lafayette College entitled “The Future of the Liberal Arts College in America and Its Leadership Role in Education Around the World,” drew more than 200 college administrators, including about 50 college presidents, out of an invite list of U.S. News and World Report’s list of top national liberal arts colleges. Judging by the turnout, the discussion, and the fact that several other conferences addressing these questions are scheduled over the next few months, it’s clear that the questions are on everybody’s mind.

In his opening talk Monday night, Lafayette President Daniel H. Weiss laid out four major challenges facing liberal arts colleges — affordability, public skepticism about the value of a liberal arts degree and college in general, decline in the share of U.S population who fit the demographic patterns of students who traditionally attend liberal arts colleges, and questions about how to incorporate technology into the college and serve a generation of students that is increasingly networked — most of which was addressed in various forms throughout the day Tuesday.

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From DSC:
Many people haven’t liked the messages that I’ve been trying to get across these last several years:

  • That the price of higher education is too high.
  • These high prices have changed — and continue to change — the dynamics of our classrooms across America (and inside our students’ heads/thinking).
  • The predominant business models are not sustainable.
  • We are in a game-changing environment and the perfect storm continues to develop.
  • We must reinvent ourselves to stay relevant and helpful to future generations. The costs of not doing so are enormous and truly have life-long impact.
  • We need to experiment with new business models.
  • There is danger in the status quo.
  • That far more affordable means of obtaining an education are going to continue to materialize (and then asking, what do we want to do about this? How can we ride this wave and not get crushed by it?)
  • The future will have team-based content with extensive analytics — being enabled by a growing set of powerful technologies.

I am encouraged by this conference — and the turnout of 200 college admins and 50 college presidents — because it appears that this perfect storm within higher ed is now being taken more seriously.

Also relevant:

  • The world changed, colleges missed it — from The Huffington Post by Tom Vander Ark
    Excerpt:
    A bunch of colleges are going out of business, only they don’t know it. They pretend that trimming costs and jacking tuition is a solution. They haven’t come to terms with a world where anyone can learn anything almost anywhere for free or cheap.

 

"The American Dream: Fraying of the Folklore" San Francisco Chapter of the National Association of Business Economics. February 29, 2012

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From DSC:

Note the troubling picture here for higher ed — the real median household income continues to decrease in the last several years, yet in those same years, there have still been increases in the cost of tuition.  That is, I’ll bet the going rates of higher ed degrees in California are not at their 1998 prices/levels.

 

Staying Relevant

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Also see:


From DSC: First, some articles that caused these reflections


Discounting heads — from insidehighered.com by Kevin Kiley

Excerpt:

Despite spending nearly 43 percent of their gross tuition revenue from first-time, full-time freshmen on institutional aid for those students, many private colleges and universities had a harder time enrolling students last year, with almost half seeing no growth or a decline in enrollment for 2011, according to survey results released today by the National Association of College and University Business Officers.

From DSC:
It seems to me that it’s highly-possible that the higher ed bubble has started to pop — at least at private colleges and universities. So why doesn’t change occur? See the next article for several reasons.

Failure to change — from insidehighered.com by Robert J. Sternberg

Excerpts:

Universities teach about the importance of societal and organizational change, but often have trouble changing themselves in any but the most superficial ways. As a psychology professor interested in both individual and organizational modifiability, I have studied organizations, including universities, and why it is so difficult for them to change. Meaningful organizational change requires five elements, and unless all five of them are present, the organization — whether a department, school, college, or university — remains static.

Change is not always for the better, of course. But a college or university that is static will inevitably fall behind more dynamic, positively changing institutions. And like any institution that fails to compete, it is on the path to stagnation or death. A dynamic institution will change and, if the change proves to be in the wrong direction, will redirect itself until it finds a sustainable path.

From DSC:
As a relevant aside, it’s not just the “younger folk” who are struggling with student loans either:

Student loans saddle both kinds of seniors: graduates and grandparents — from the Washington Post by Michelle Singletary

Excerpt:

Using data from Equifax credit reports, the Federal Reserve Bank of New York found that people 50 and older are carrying nearly $135 billion in student-loan debt. Those 60 or older have student-loan balances of more than $36 billion.

 


It’s these types of dynamics and trends that are catalysts for what I call:


“Learning from the Living Room”
Though 2-5 years away, signs point to it coming to fruition
(my prediction is that this movement will really gain traction when Apple’s Connected/Smart TV hits the market and as more people get fed up with the current, unresponsive accredidation monopolies within higher ed). Some example/recent articles:

  • The Evolution of the Digital Living Room — from digitalvideospace.blogspot.com by Chuck Parker
    Excerpt:

    Apple with its iPad, Apple TV and iCloud for movies and TV shows has delivered a seamless ecosystem to the consumer’s digital living room for owning and watching content from multiple devices in the home. The rest of the industry (SmartTVs, connected devices, Android tablets) struggles to create a similar experience when they are a single-brand ecosystem and fail miserably when there are devices from multiple manufacturers in the household.
    .
  • Google and Microsoft’s new battleground: Your living room — from ComputerWorld by Preston Gralla
    The upshot will have surprising implications for IT
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  • Why the future of Shazam is TV, not music — from readwriteweb.com by Richard MacManus
    Excerpt:

    Shazam is in the midst of a major pivot. Currently it earns most of its revenue off advertising from the music app. But within two years, the company told ReadWriteWeb, TV will provide the majority of Shazam’s revenue. Just how big an opportunity is TV for Shazam? According to statistics from the company, it is already outpacing both Facebook and Twitter in second screen user engagement.

“The Forthcoming Walmart of Education” …which is already happening, but far more significant changes will come in the next 1-5 years as people look for more affordable alternatives. A graphic I created back in 2008 states what I see developing and will be a piece of the higher ed landscape in the future:
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Besides the items mentioned above (i.e. changes in price and delivery mechanisms),
what might some of these innovations look like? Here are some ideas/articles/examples:


  • Be more responsive to real-world/market needs
    Example:
    12 college majors we hope to see soon
    — from bestcollegesonline.com
    While some college majors have been around for decades or even centuries, others are relatively new and some are still waiting on the horizon to be added to college programs around the world as new technologies and demands shape the needs of modern students. While a host of degree programs have been added over the past 10 or 20 years, many related to computers and other forms of technology, many more will be needed in the future to keep up with a world that is rapidly changing.
    .
  • Introduce more innovations and be willing to experiment with different models
    Examples besides MITx, Udemy, U of People, iTunes U, YouTube Edu, etc.:
    ANGELS, a new European research project, a gateway to the future.

    ANGELS project (Augmented Reality Network Generating Learning on Safety), is the training system that will revolutionize education and learning on safety and health at work, particularly in the hospital facilities. This tool aims at innovating in terms of training on health and safety at work with the use of augmented reality (computer system that can superimpose 3D image on a real image to combine real and virtual). ANGELS introduces 4 key innovations: A practice adapted to an innovative new technology, a realistic assessment in tune with the XXIst century in the area of education and training, a large field of application in the health care facilities and the creation of a starter kit for public and private organizations, training centers and academic centers.
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  • …and bring the prices WAAAY down!!!

 

 

 

NTT videoconferencing system transplants faces onto mobile telepresence screens

 

From DSC:

  • Another innovation that aids web-based collaboration.
  • Make that one more movement up the disruptive innovation curve (of online learning).

 

 

As an addendum on 3/4, check out:

Education 2.0 isn’t coming. It’s here. And the way you’re educated will be changed forever. — from bostinno.com by Dave Balter

Excerpt (emphasis DSC):

Sometime in late 2010, I sat down with angel investor Josh Abramowitz in NYC.  I asked him to invest in Smarterer, a business whose purpose was to validate people’s digital, social and technical skills.  What I encountered for the next hour wasn’t someone merely evaluating my specific business concept – it was an attack on the entire higher education system.

Josh argued that our higher education system was on the verge of crumbling.  Not because there weren’t marvelous educators or exceptional institutions, but because colleges and universities were charging exorbitant sums that weren’t equal to the return.  Our educators were burying our students with tremendous debt. But increasingly sophisticated learning and credentialing opportunities were emerging online, and they were free or nearly free.  And this disparity would lead to a full-fledged education revolution, he predicted.

What the Universities need to know is that what’s coming for education is something like the shift the music industry failed to see until it was too late.  Things will never be the same again.  Instead of griping about how hard it will be to tap their endowments to pay for education, they should be thinking about how to take advantage of the changes.

To save their universities, here’s the three-pronged ecosystem that every University Leader should start thinking about…

Also see:

smarterer.com -- show what you know

 

Student-loan debt tops $1 trillion — from WSJ.com by Josh Mitchell and Maya Jackson-Randall

Excerpt:

The amount Americans owe on student loans is far higher than earlier estimates and could lead some consumers to postpone buying homes, potentially slowing the housing recovery, U.S. officials said Wednesday.

Total student debt outstanding appears to have surpassed $1 trillion late last year, said officials at the Consumer Financial Protection Bureau, a federal agency created in the wake of the financial crisis. That would be roughly 16% higher than an estimate earlier this year by the Federal Reserve Bank of New York.

From DSC:
Phrases/words that come to my mind include (which many readers of this blog and my archived website will instantly recognize:

  • Reinventing ourselves
  • Staying relevant /addressing our customers’ needs
  • Innovation
  • Strategy
  • Leadership
  • Vision
  • The business side of higher ed / new business models
  • Game-changing environment
  • Disruption
  • Dangers of the status quo
  • Student-related
  • Future of higher education
  • The Walmart of Education
  • Learning from the Living Room

Addendum on 3/23/12:

 

Wait, isn’t this the old normal? — from InsideHigherEd.com by Kevin Kiley
Big tuition hikes at elite private institutions contradict the notion that colleges are focusing on reining in sticker price to make education affordable.
Excerpt:

The justification for the large increases at publics has been the need to maintain quality in the face of state appropriations cuts, an excuse private universities don’t have. For many privates, other revenue sources, including endowment returns and private giving, are back to where they were before the recession. And almost half the presidents of private doctoral universities surveyed recently by Inside Higher Ed said their institutions could make additional spending cuts without hurting quality, meaning there is little imperative for increases.

For this reason, the presidents of several private institutions have taken some measures to control costs. “Somewhere out there is a line, on the other side of which we become unaffordable. We haven’t crossed it yet, but we know we’re getting closer to it,” McCardell said. Total cost of attendance at some liberal arts colleges, including tuition, room, and board, is more than $50,000 a year.

Also see:
  • No diploma, no GED, no aid — from by Libby A. Nelson
    Excerpt:
    .
    WASHINGTON — Students who wanted to attend college, but didn’t have a high school diploma or GED, used to be able to get federal grants and loans through a back door: either take a basic skills test to prove their “ability to benefit” from a college education, or successfully complete six credits.
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    This year’s federal budget, in an effort to trim spending on Pell Grants, shut off both routes. As of July 1, newly enrolled students are required to have a high school diploma or GED in order to receive federal financial aid. College administrators say they worry the new policy will shut out older students seeking training to find a new job, immigrants, and students in states where money for basic adult education has been cut in budget crises.
    .
    Either those students will turn to riskier private loans, they say, or — more likely — they’ll just give up on pursuing higher education.

 

Staying Relevant

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