business side of he

Average Student Loan Debt — from educationdata.org by Melanie Hanson; last updated August 16, 2024

Report Highlights.

The total average student loan debt (including private loan debt) may be as high as $40,681.
The average federal student loan debt is $37,853 per borrower.
Outstanding private student loan debt totals $128.8 billion.
The average student borrows over $30,000 to pursue a bachelor’s degree.
A total of 42.8 million borrowers have federal student loan debt.
It may take borrowers close to 20 years to pay off their student loans.

From DSC:
In other words, we are approaching the end of the line in terms of following the status quo within higher education. Institutions of traditional higher education can no longer increase their cost of tuition by significantly more than the rate of inflation. Increasingly, K-12 students (and families) are looking for other pathways and alternatives. Higher ed better stop trying to change around the edges…they need new, more cost-effective business models as well as being able to be much more responsive in terms of their curricula.

Has the cost of college reached a tipping point for a significant number of middle-class students? [Young]

On 09/27/2024, in business side of he, colleges, community colleges, cost of getting a degree, future of higher education, higher education, parents/guardians, student-related, trends, United States, universities, by Daniel Christian

Has the cost of college reached a tipping point for a significant number of middle-class students? — from edsurge.com by Jeffrey R. Young

Has the cost of college reached a tipping point for a significant number of middle-class students?

I’m seeing more signs of just that, and it’s happening at the undergrad and graduate levels.

Just this week, for instance, a new survey of 1,500 high school counselors conducted by the education consulting firm EAB found 63 percent reported that fewer students at public schools plan to attend college than four years ago. And 53 percent of those counselors said cost was the primary reason.

Meanwhile, a new study released this week by Georgetown University’s Center on Education and the Workforce found that the cost of graduate education has risen to the point where a significant number of degrees will not pay off. The center says that 41 percent of master’s degree programs and 67 percent of professional degree programs for which data was available would not pass their “debt-to-earnings test,” meaning they would not bring enough earnings to cover the cost plus interest from typical student loans.

Also see:

How Rising Higher Ed Costs Change Student Attitudes About College — from edsurge.com by Jeffrey R. Young

Risepoint Releases Voice of the Online Learner Report

On 09/12/2024, in Artificial Intelligence / Machine Learning / Deep Learning / Algorithms, business side of he, colleges, community colleges, cost of getting a degree, higher education, online learning, parents/guardians, skills, society, student-related, United States, universities, by Daniel Christian

Risepoint Releases Voice of the Online Learner Report — from academicpartnerships.com by Risepoint; via Jeff Selingo on LinkedIn

The Voice of the Online Learner report highlights the journey of online learners, and the vital role education plays in their personal and professional growth and development. This year’s report compiled responses from over 3,400 prospective, current, and recently graduated online learners.

Key findings from this year’s Voice of the Online Learner report include:

Decision Factors for Online Students: When evaluating online programs, the key decision for students is cost, with 86% saying it’s extremely or very important. After cost, 84% said accreditation is most important, 75% said program concentrations, followed by 68% of respondents who said it was the time it took to achieve a degree. 38% selected the lowest cost program they evaluated (up from 29% in 2023).
Perception of Online Programs: Students see online programs as equally valid or better at meeting their needs than on-campus degree programs. 83% of respondents prefer the flexibility of online programs over hybrid or on-campus options, while 90% feel online programs are comparable to or better than an on-campus degree. 83% (up from 71% last year) want no on campus requirement.
Degree ROI: 92% of students who graduated from online degree programs reported tangible benefits to their career, including 44% who received a salary increase.
Value of the Degree: Career outcomes continue to be very important for students pursuing their degree.86% felt their degrees were important in achieving their career goals, and 61% of online undergraduates are likely to enroll in additional online degree programs to stay competitive.
Importance of Local Programs: Attending a university or college in the state where the student lives and works is also an important decision factor, with 70% enrolled at a higher education institution in the state where they live and/or work. These students say that local proximity creates greater trust, and that they also want to ensure the programs meet local licensing or accreditation requirements, when relevant.
Demographics: The average age for online students enrolled in undergraduate programs is 36 years old, while the average age for students enrolled in graduate programs is 38 years old. Of the students enrolled in undergraduate programs, 40% are first-generation college students.
Upskilling is lifelong: 86% of graduated and currently enrolled students are likely to do another online program in the future to upskill.
Generative AI is a concern: Students want guidance on generative AI, but 75% reported they have received none. 40% of students think it will affect their career positively and 40% believe it will impact them negatively. Nearly half (48%) have used it to help them study.

Majoring in video games? A new wave of degrees underscores the pressures on colleges — from usatoday.com by Zachary Schermele
From degrees in AI to social media influencing, colleges are adapting to economic trends with new majors that emphasize the debate about getting students their money’s worth.

Majors like hers are part of a broader wave of less conventional, avant-garde majors, in specialties such as artificial intelligence, that are taking root in American higher education, as colleges grapple with changes in the economy and a shrinking pool of students.
…
The trend underscores the distinct ways schools are responding to growing concerns over which degrees provide the best return on investment. As college costs soared to new heights in recent years, saddling many students with crippling loan debt, that discourse has only become increasingly fraught, raising the stakes for schools to prove their degrees leave students better prepared and employable.

“I’m a big believer in the liberal arts, but universities don’t get to print money,” he said. “If enrollment interests are shifting, they have to be able to hire faculty to teach in those areas. Money has to come from someplace.”

From DSC:
Years ago, I remember having lunch with one of the finalists for the President position of a local university. He withdrew himself from the search because the institution’s culture would be like oil and water with him at the helm. He was very innovative, and this organization was not. I remember him saying, “The marketplace will determine what that organization ultimately does.” In other words, he was saying that higher education was market-driven. I agreed with him then, and I still agree with that perspective now.

School is back in session, and so are AI art classes [Farfan]

On 08/28/2024, in art, Artificial Intelligence / Machine Learning / Deep Learning / Algorithms, business side of he, career development, change, changing business models, colleges, community colleges, creativity, curriculum, new business models, United States, universities, by Daniel Christian

School is back in session, and so are AI art classes — from hyperallergic.com by Isa Farfan
New university programs are incorporating generative tools into studio art courses while attempting to address the murky ethics of the technology.

There’s a new addition to the course catalog at Ringling College of Art and Design, a small private art school in southwest Florida: an Artificial Intelligence Undergraduate Certificate.

The college claimed its new program is the first-of-its-kind AI certificate at an undergraduate arts institution in a news release earlier this month. Other schools in the United States offer courses and certificates focused on the integration of artificial intelligence and creative work, and educators across the country have already brought the technology into the art studio. Critics, however, say pushing AI into arts education won’t level the playing field for professional artists competing against increasingly sophisticated generative tools.

From DSC:
Though this next item is not necessarily related to AI, the following is still art and it’s very fun to watch!

Wait for the magic pic.twitter.com/peHgBHCoti

— Learn Something (@cooltechtipz) August 27, 2024

Here’s why it’s so hard to change a culture [Satell] — Pay attention higher ed! [DSC]

On 08/25/2024, in business, business side of he, colleges, community colleges, corporate / business world, culture, higher education, organizational change, United States, universities, workplace, by Daniel Christian

Here’s why it’s so hard to change a culture — from digitaltonto.com by Greg Satell

Excerpt (emphasis DSC):

Lou Gerstner, writing about his legendary turnaround at IBM, said, “Culture isn’t just one aspect of the game, it is the game. In the end, an organization is nothing more than the collective capacity of its people to create value… What does the culture reward and punish – individual achievement or team play, risk taking or consensus building?”

Most business gurus would readily agree with that, but if you’d ask them what culture actually is they would be hard pressed to give a coherent answer. Anthropologists, on the other hand, are much more rigorous in their approach and most would agree that three essential elements of a culture are norms, rituals and behaviors.

In a positive organizational culture, norms and rituals support behaviors that honor the mission of the enterprise. Negative cultures undermine that mission. A common problem with many transformation initiatives is that they focus on designing incentives to alter behaviors. Unfortunately, unless you can shift norms and rituals, nothing is likely to change.

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.

Reflections on “The Burden of Misunderstanding” [Hill]

On 08/15/2024, in adjunct faculty, business side of he, colleges, community colleges, Daniel S. Christian, faculty, higher education, legislatures / government / legal, online learning, policy, teaching & learning, teaching online, United States, universities, by Daniel Christian

The Burden of Misunderstanding — from onedtech.philhillaa.com by Phil Hill
How ED’s outdated consumer-protection view of online education could lead to bureaucratic burden on every online course in US higher ed

Time to Comment
There are plenty of other points to be made on this proposed rule:

the lack of evidence supporting the treatment of online ed differently than f2f or hybrid;
the redefinition of regular and substantive interaction;
the impact of this simplification rule actually complicating matters for compliance; and
the risk of auto-withdrawal for 14-day inactivity periods, etc.

For now, I wanted to be more precise on what I believe is a misunderstood compliance burden of ED’s proposed rule, and ED’s inability to listen to feedback from colleges and universities and associations representing them. And that while the details of this proposed rule might seem arcane, it will have a major impact across higher ed.

It is very important to note that we are in the middle of the public comment period for these proposed rules, and that ED should hear directly from colleges and universities about the impact of the proposed rules. You can comment here through next Friday (August 23rd).

From DSC:
Phil brings up numerous excellent points in the above posting. If the Department of Education’s (ED’s) proposed rules on online attendance taking get finalized, the impacts could be huge — and negative/costly in several areas. Faculty members, directors and staff of teaching and learning centers, directors of online programs, provosts and other members of administrations, plus other relevant staff should comment– NOW — before the comment period ends next Friday (August 23rd).

Augmented Course Design: Using AI to Boost Efficiency and Expand Capacity [Fang & Broussard] + other items re: AI’s impact on ID

On 08/15/2024, in accessibility / UDL, adjunct faculty, Artificial Intelligence / Machine Learning / Deep Learning / Algorithms, assistive technologies, Bias | Diversity Equity & Inclusion (DE&I), business side of he, colleges, community colleges, content development, aggregation, repositories, design, digital audio, digital learning, digital video, faculty, graphics, higher education, ideas, innovation, instructional design, intelligent systems, IT in HE, leadership, learning, learning ecosystem, Learning Experience Design, liberal arts, lifelong learning, multimedia, online learning, online media, productivity / tips and tricks, skills, strategy, teaching & learning, tools, United States, universities, vision/possibilities, by Daniel Christian

Augmented Course Design: Using AI to Boost Efficiency and Expand Capacity — from er.educause.edu by Berlin Fang and Kim Broussard
The emerging class of generative AI tools has the potential to significantly alter the landscape of course development.

Using generative artificial intelligence (GenAI) tools such as ChatGPT, Gemini, or CoPilot as intelligent assistants in instructional design can significantly enhance the scalability of course development. GenAI can significantly improve the efficiency with which institutions develop content that is closely aligned with the curriculum and course objectives. As a result, institutions can more effectively meet the rising demand for flexible and high-quality education, preparing a new generation of future professionals equipped with the knowledge and skills to excel in their chosen fields.¹ In this article, we illustrate the uses of AI in instructional design in terms of content creation, media development, and faculty support. We also provide some suggestions on the effective and ethical uses of AI in course design and development. Our perspectives are rooted in medical education, but the principles can be applied to any learning context.
…
Table 1 summarizes a few low-hanging fruits in AI usage in course development.
.

**Table 1. Types of Use of GenAI in Course Development**
Practical Use of AI	Use Scenarios and Examples
Inspiration	Exploring ideas for instructional strategies Exploring ideas for assessment Course mapping Lesson or unit content planning
Supplementation	Text to audio Transcription for audio Alt text auto-generation Design optimization (e.g., using Microsoft PPT Design)
Improvement	Improving learning objectives Improving instructional materials Improving course content writing (grammar, spelling, etc.)
Generation	Creating a PowerPoint draft using learning objectives Creating peripheral content materials (introductions, conclusions) Creating decorative images for content
Expansion	Creating a scenario based on learning objectives Creating a draft of a case study Creating a draft of a rubric

.

Also see:

10 Ways Artificial Intelligence Is Transforming Instructional Design — from er.educause.edu by Rob Gibson
Artificial intelligence (AI) is providing instructors and course designers with an incredible array of new tools and techniques to improve the course design and development process. However, the intersection of AI and content creation is not new.

I have been telling my graduate instructional design students that AI technology is not likely to replace them any time soon because learning and instruction are still highly personalized and humanistic experiences. However, as these students embark on their careers, they will need to understand how to appropriately identify, select, and utilize AI when developing course content. Examples abound of how instructional designers are experimenting with AI to generate and align student learning outcomes with highly individualized course activities and assessments. Instructional designers are also using AI technology to create and continuously adapt the custom code and power scripts embedded into the learning management system to execute specific learning activities.Footnote1 Other useful examples include scripting and editing videos and podcasts.

Here are a few interesting examples of how AI is shaping and influencing instructional design. Some of the tools and resources can be used to satisfy a variety of course design activities, while others are very specific.

Taking the Lead: Why Instructional Designers Should Be at the Forefront of Learning in the Age of AI — from medium.com by Rob Gibson
Education is at a critical juncture and needs to draw leaders from a broader pool, including instructional designers

The world of a medieval stone cutter and a modern instructional designer (ID) may seem separated by a great distance, but I wager any ID who upon hearing the story I just shared would experience an uneasy sense of déjà vu. Take away the outward details, and the ID would recognize many elements of the situation: the days spent in projects that fail to realize the full potential of their craft, the painful awareness that greater things can be built, but are unlikely to occur due to a poverty of imagination and lack of vision among those empowered to make decisions.

Finally, there is the issue of resources. No stone cutter could ever hope to undertake a large-scale enterprise without a multitude of skilled collaborators and abundant materials. Similarly, instructional designers are often departments of one, working in scarcity environments, with limited ability to acquire resources for ambitious projects and — just as importantly — lacking the authority or political capital needed to launch significant initiatives. For these reasons, instructional design has long been a profession caught in an uncomfortable stasis, unable to grow, evolve and achieve its full potential.

That is until generative AI appeared on the scene. While the discourse around AI in education has been almost entirely about its impact on teaching and assessment, there has been a dearth of critical analysis regarding AI’s potential for impacting instructional design.

We are at a critical juncture for AI-augmented learning. We can either stagnate, missing opportunities to support learners while educators continue to debate whether the use of generative AI tools is a good thing, or we can move forward, building a transformative model for learning akin to the industrial revolution’s impact.

Too many professional educators remain bound by traditional methods. The past two years suggest that leaders of this new learning paradigm will not emerge from conventional educational circles. This vacuum of leadership can be filled, in part, by instructional designers, who are prepared by training and experience to begin building in this new learning space.

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

On 08/14/2024, in business side of he, change, colleges, community colleges, cost of getting a degree, Emotion, future, future of higher education, game-changing environment, higher education, learning ecosystem, parents/guardians, reinvent, staying relevant, surviving, United States, universities, vocational / trades, by Daniel Christian

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.”

7.2M Americans Over 50 Hold Student Debt, New Report Shows [Blake]

On 08/12/2024, in business side of he, colleges, community colleges, cost of getting a degree, economics, faculty, generational differences, higher education, parents/guardians, society, sociology, student-related, United States, universities, by Daniel Christian

7.2M Americans Over 50 Hold Student Debt, New Report Shows — from insidehighered.com by Jessica Blake
Urban Institute researchers say the financial burden not only puts a strain on the borrowers themselves but also the social welfare programs designed to be their safety net.

However, a recent series of reports and blog posts published by Urban Institute shows that older adults are also struggling to pay back their student loans.

By analyzing a nationally representative sample of credit records from roughly four million adults aged 50 and older, Urban Institute’s report concludes that as of August 2022, approximately 6 percent of older adults—or 7.2 million Americans—have yet to pay off their student loans. Among those same borrowers, 8 percent, or 580,000 individuals, are behind on payments. The median amount of delinquent debt was approximately $11,500.

“These disadvantages can compound over decades within and across generations, making these borrowers less able to repay their loans on time,” wrote Mingli Zhong, an Urban Institute senior research associate who specializes in borrowing behavior. “Over all, older adults are carrying more debt, not just student loan debt but all kinds of debt [medical, mortgage, etc.] into retirement,” she later told Inside Higher Ed.

Colleges keep closing. Are regulators doing enough to warn students? [Schermele]

On 08/05/2024, in adjunct faculty, business side of he, change, colleges, community colleges, cost of getting a degree, dangers of the status quo, faculty, future of higher education, game-changing environment, higher education, learning ecosystem, parents/guardians, society, student-related, United States, universities, by Daniel Christian

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:

Declining Enrollment, FAFSA Issues Led to More Cuts in July — from insidehighered.com by Josh Moody
Enrollment challenges, compounded by the FAFSA fiasco, drove layoffs and program cuts as colleges sought to plug budget holes.

A $100,000 sticker price at Vanderbilt U! + other items re: the higher education learning ecosystem

On 07/23/2024, in adult learning, business side of he, career development, colleges, community colleges, cost of getting a degree, dangers of the status quo, education reform, higher education, learning ecosystem, neurodivergent/special needs, parents/guardians, pathways, student-related, United States, universities, by Daniel Christian

The Progressive Case for Reforming Higher Ed — from insidehighered.com by Michael D. Smith
Customized, digital education offers a path for progressive reform, Michael D. Smith writes.

That’s the bad news. But there’s good news, too. New digital technologies have arrived during the past decade for delivering instruction and evaluating individual student learning at scale. If we embrace them, they can make real reform possible and allow us to imagine a fairer, more accessible system of higher education—one that will enable us to better serve the many students who are left out of our existing scarcity-based model.
…
I think it should be to reform our educational system in ways that will benefit society. And with the advent of new digital technologies, we have a once-in-a-generation opportunity to do just that. If we embrace those technologies now, we can democratize access to the knowledge that students from all socioeconomic backgrounds need to discover and develop their talents, and we can make it possible for them to earn the credentials they need to signal their knowledge to employers—all so that they can use their talents to make a difference in the world.

But in the years ahead, thanks to these new technologies, the broader ecosystem that these institutions exist in is going to expand and change dramatically. Gradually, elite residential colleges and universities will lose their dominant place in that ecosystem, and customized digital learning will first disrupt and then come to dominate a new system of higher education—one that reaches more people, and generates greater benefits for society, than ever before.

Enrollment woes hit both private and public colleges in 2023, S&P reports — from highereddive.com by Ben Unglesbee
Analysts with the ratings agency described a “tough year” in the higher ed world as revenue pressures ran into rising costs.

Dive Brief:

Fiscal 2023 was a “tough year” for private nonprofit colleges amid a “long trend of weakening demand,” S&P Global Ratings said in a Tuesday report.
Median full-time equivalent enrollment at private nonprofits fell 0.8% year over year in fiscal 2023, while retention rates hit a five-year low of 82.4%, according to S&P’s analysis. Given demand pressures and rising costs, institutions in the private nonprofit sector saw five times more credit downgrades than upgrades during the fiscal year.
In a separate report on public colleges, S&P analysts said the recently ended fiscal year also tested the financial resilience of those institutions, with median full-time equivalent enrollment falling 0.7% for the sector.

We have to remember all of this as we design more inclusive pathways to promising opportunities. A good job can often include flexible or hybrid working options, but a good job also includes some softer aspects connected to safety, wellbeing, creativity, growth, and the freedom to make choices and make decisions.

Dr. Michelle R. Weise in How Do You Define a Good Job?

President Joe Biden canceled an additional $1.2 billion in student debt for public servants on Thursday, the latest effort to provide loan relief and deliver on one of his signature initiatives. The assistance will affect 35,000 public service workers enrolled in the government’s loan forgiveness program, including nurses, firefighters and teachers. The Education Department has now forgiven $168.5 billion in student debt for 4.76 million Americans. Biden’s more ambitious plan to help Americans increasingly buried for decades under massive educational debt, a $400 billion plan for broad student debt relief, was blocked by the US Supreme Court.

— from Bloomberg.com’s Evening Briefing

Sticker shock: A look at the complicated world of tuition pricing — from highereddive.com by Ben Unglesbee
Despite attention to lofty sticker costs, the practice of discounting has reached new highs, confusing students and straining revenue for institutions.

This spring, the price of college rode the news cycle again as headlines featured an eye-popping $100,000 in attendance costs at Vanderbilt University.
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The practice of marking down tuition sticker prices is decades old and comes with few benefits at this point, many experts say. It can mislead students and muddy the conversation around the value of a college education, while for institutions tuition discounting can wear on revenue and finances in a competitive environment.
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At the same time, tuition discounting among private nonprofits hit a new high of 56.1% in 2023-24.

“The number that bothers me the most is the increasing costs for the low-income kids,” Levine said. “If you’re making $50,000 or under, you still have to come up with almost $20,000, which is essentially impossible.”

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.

Learning Ecosystems

School is back in session, and so are AI art classes [Farfan]

Here’s why it’s so hard to change a culture [Satell] — Pay attention higher ed! [DSC]

Reflections on “The Burden of Misunderstanding” [Hill]

Augmented Course Design: Using AI to Boost Efficiency and Expand Capacity [Fang & Broussard] + other items re: AI’s impact on ID

The 2024 CHLOE 9 Report is out. The Changing Landscape of Online Education Project.

44% of Americans Expect Importance of College Education to Decline Over Next 10 Years, New Survey Reveals

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