cost of getting a degree

From Skill to Instinct: How Higher Education can Bridge the Gap Between Classroom and Career — from edtechreview.in by Stephen Soulunii

Excerpts:

Higher education has conventionally focused on providing quality education for its students. However, modern students are increasingly attending higher education, not for scholarly pursuits, but to increase their value in an intensely competitive job market.

From DSC:
Funny how that happens when the price of getting a degree has skyrocketed through the years — and then one sees one’s family members struggling with getting out from crushing loads of debt (a process that often can take decades to do).

There is a lot that could be said here, but looking at this article makes me see how misaligned things are these days. The learning objectives that would be put forth from the corporate world don’t match up with the learning objectives as put forth by professors.

No wonder there’s a major disconnect.

One last quote drives the point home — which swims against the current that many faculty members swim in:

65% of HR professionals believe teamwork and collaboration are the most foundational people skills – and 40% believe these skills are the most lacking in new hires.

Also relevant here, this is an excerpt of a piece sent to me by Christina Ioannou:

Skills Union offers accredited cohort-based, active learning courses in partnership with leading universities and employers. Their career-focused content ranges from software engineering and UX/UI design to growth marketing and digital entrepreneurship.

The company announced a US$1.5 million seed investment round, supporting its mission to bridge the global tech skills gap, through university accredited courses that meet the needs of the rapidly growing tech sector. The investment round was led by Online Education Services (OES), part of the Seek group of companies, with notable investors including KDV, Hustle Fund, Koh Boon Hwee, Siu Rui Quek, Ishreth Hassen, Sumardy Ma, Simin Zhou and Anvesh Ramineni.

How Morehouse School of Medicine is growing the biotech worker pipeline [Thomas Whitfield]

On 06/30/2021, in Bias | Diversity Equity & Inclusion (DE&I), biology, cost of getting a degree, funding / grants, health, higher education, society, sociology, United States, by Daniel Christian

How Morehouse School of Medicine is growing the biotech worker pipeline — from highereddive.com by Chandra Thomas Whitfield
The historically Black institution created summer bridge programs to attract students to a sector in which diversity has long lagged.

College students and recent graduates considering a future in the biotechnology sector have a new way to try it out, thanks to a tuition-free summer program at the Morehouse School of Medicine.

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes — from seekingalpha.com

Summary

Increasing student dissatisfaction and declining enrollment suggest that many people are rethinking traditional methods of higher education.
The historical value of universities is becoming defunct as the internet allows a more efficient, less expensive, and more accessible vector of transmitting knowledge.
Innovative platforms like Coursera offer students a huge “marketplace” of high-quality courses far less expensive than those in traditional universities.
Given Coursera’s minimal barriers to growth and its massive total addressable market, I would not be surprised to see its annual revenue rise by 10X or more within years.
COUR may be one of the few recent IPOs which is actually trading below its fundamental fair value – subject to the assumption that online education will eventually supersede traditional models.

Two (more) items re: systemic issues that we need to address in the U.S.

On 06/22/2021, in 21st century, Bias | Diversity Equity & Inclusion (DE&I), business, career development, colleges, community colleges, cost of getting a degree, culture, Daniel S. Christian, legal reform, society, sociology, trends, United States, universities, by Daniel Christian

Black College Grads Borrow 35% More for a Public Education but Earn 22% Less Than Their Peers — from Kamaron McNair with thanks to Frankie Rendón for this resource

KEY FINDINGS

Census data shows that Black millennials with a Bachelor’s earn 22% less ($44,498 versus $56,731) on average than other degree-holding millennials.

Black millennials outpaced their peers in just three states — Oregon, Maine and Alaska. But only by an average of 2% — or roughly $1,200.
The earnings gap for recent graduates widened in more than half of U.S. states. From 2014 to 2019, the earnings gap for graduates widened in 28 states and the District of Columbia. The gap widened by more than 29 percentage points in Vermont, the most of any state.
The worst wage gap for Black millennials was in Montana, where Black bachelor’s degree graduates working full time earn 50.3% less on average than non-Black workers.
North Dakota recorded the smallest earnings gap at 2.7%. Here, Black millennial bachelor’s degree-holders earn just $1,400 less on average than non-Black earners.
Black students borrowed more in student loans than their fellow students. At four-year public schools, Black students and their families borrowed 35% more. Non-Black families contributed an average of $14,434 to their student’s education, more than double the $5,545 Black families contributed.

Also see:

Design is a particularly white profession. Depending on the poll, only 3% to 4.8% of designers are Black. But a powerful new collective of design companies is looking to change that.

DC: Good deal. Thanks @keesav for the resource.https://t.co/DkEFTGhTi4

— Daniel Christian (he/him/his) (@dchristian5) June 21, 2021

Addendum on 6/23/21:

California judges don’t reflect the state’s diversity — how that could change — from calmatters.org by Byrhonda Lyons
Whites make up a little more than a third of California’s population but nearly two-thirds of its Superior Court judges. Advocates are devising ways to get more people of color into law and onto the bench.

For College Finances, There’s No ‘Return to Normal’ [LeClair]

On 06/16/2021, in business side of he, change, changing business models, colleges, community colleges, cost of getting a degree, dangers of the status quo, faculty/staff, future of higher education, higher education, leadership, new business models, online learning, pace of change, strategy, United States, universities, by Daniel Christian

For College Finances, There’s No ‘Return to Normal’ — from chronicle.com by Mark S. LeClair
The critical problems facing higher education won’t end with the pandemic.

Excerpt:

Higher ed is in trouble. It faces a demographic crunch in 2026, when smaller high-school graduating classes will mean greater competition for students. That will lead to tuition discounting and underenrolled classes for many colleges. And yet that demographic crisis is only one of many significant challenges the sector faces. As noted by Forbes in its annual review of college and university financials, approximately 20 percent of all institutions now warrant a “D” ranking (its lowest). Many are under serious financial strain and may not survive.

The Forbes financial analyses have been warning of a worsening situation for years. The added stresses from the Covid-19 pandemic will further aggravate the untenable circumstances facing hundreds of institutions. There is now a very short window within which we must carry out significant reforms.

The Short-term Credentials Landscape — from newamerica.org by Monique O. Ositelu, PhD, Clare McCann, and Amy Laitinen
What We See and What Remains Unseen

Abstract

Given the rapid growth in short-term programs, and policymakers’ fast-growing interest to invest federal higher education dollars into very-short-term credentials, we explore what the research does—and does not— show us about such credentials’ utility in the labor market. With concerns about equity, our review of the literature guides us towards caution, as a strong push for short-term certificates may run the risk of reifying socioeconomic stratification.

From DSC:
I wonder…will accreditation move towards the use of crowd-sourced methods? Similar to rating one’s driver or one’s experience with a product, will microcredentials get into more reviews and recommendations from the users of various learning/training-related sites and services?

Will users of a service comment on whether the credential helped them (with a salary increase, with practical knowledge, with an expanded scope of projects at work, etc.)?

Microcredential programs on the rise in Canada [Aschaiek]

On 06/02/2021, in accreditation, Alternatives, Canada, cost of getting a degree, credentialing, dangers of the status quo, learning ecosystem, learning preferences, lifelong learning, microlearning, society, United States, vocational / trades, by Daniel Christian

Microcredential programs on the rise in Canada — from by Sharon Aschaiek; with thanks to Amrit Ahluwalia for this resource out on LinkedIn
Low rates of awareness about microcredentials by prospective students and employers remains a challenge.

Excerpt:

A new report on current views about microcredentials in Canada reveals a majority of higher education institutions are keen to create these concise, competency-focused upskilling programs, and many say the COVID-19 pandemic has made them even more relevant.

Released by the Higher Education Quality Council of Ontario (HEQCO) earlier this month, “Making Sense of Microcredentials” reveals what this emerging training trend means from the perspectives of three key stakeholder groups: universities and colleges, prospective students and employers. The 32-page descriptive research report is based on the results of a literature review, 44 interviews (17 with postsecondary schools), and 2,362 surveys, which included 161 representatives from 105 postsecondary institutions, including 41 universities.

Along these lines, see:

Mapping Out a ‘Credential As You Go’ Movement For Higher Education — from edsurge.com by Rebecca Koenig

Excerpt (emphasis DSC):

A new initiative called “Credential As You Go” aims to shift this status quo by making it easier for students and workers to earn recognition for their learning—in increments smaller than the colossal college degree.

Its goals include creating a national credentialing system designed around what the journey through higher education and job training actually looks like for many people: intermittent, nonlinear and unpredictable.

Also along the lines of keeping things brief, see:

Leading the Way for Microlearning? Assess the Barriers — from learningsolutionsmag.com

President Speaks: 5 higher education trends the pandemic is accelerating [Weinberg]

On 05/28/2021, in business side of he, change, changing business models, CMS/LMS, colleges, community colleges, cost of getting a degree, education technology, future of higher education, game-changing environment, higher education, more voice more choice more control, teaching & learning, trends, United States, universities, vocational / trades, by Daniel Christian

President Speaks: 5 higher education trends the pandemic is accelerating — from highereddive.com by Adam Weinberg
Technology, student choice and career prep will factor more heavily into colleges’ decision-making going forward, one president explains.

Excerpt:

Over the last several weeks, it has become clearer what the post-COVID-19 higher education landscape will look like. The trends that will shape the sector’s future are not new. But the pandemic has accelerated them.

Trends are like water. As they run faster, they cut deeper and in unexpected ways. Here are five that COVID-19 has given momentum to.

A second demographic cliff adds to urgency for change — from insidehighered.com by Ray Schroeder
The demographic cliff we have been anticipating since the drop in births with the 2008 recession now has a younger sibling — the COVID-19 cliff is coming with another deep drop in recent births.

Excerpts:

In sum, competition is rapidly growing; the pool of “traditional” students is evaporating; employers are dropping degree requirements; and, with student debt now surpassing $1.7 trillion, we all know that families are looking for more cost-effective paths to the knowledge and skills they seek. “The fundamental business model for delivering education is broken,” said Rick Beyer, a senior fellow and practice area lead for mergers and affiliations at the Association of Governing Boards of Universities and Colleges. “The consolidation era started a few years ago. It will continue. We will see more closures.”

What, then, are the bright spots for postsecondary learning?

Online learning tops the list despite some bad press for the hastily put-together remote learning of last year. Adult students, in particular, prefer the flexibility and mobility of online. Enrollment in online programs has continued to increase while overall higher ed enrollments have declined each of the past dozen years.

Coursera Conference 2021: Highlights and Takeaways — from blog.coursera.org by Betty Vandenbosch

Excerpt:

The Coursera Product Innovation session was another conference favorite, as we shared learner stories and offered a glimpse into some of the key innovations we worked on over the past year to support learners, educators, and institutions:

Individual learners now benefit from personalized course recommendations, hands-on projects, improved accessibility options, and AI-powered support to help motivate and encourage them on their learning journey.
Educators and instructors can import videos, quizzes, and other assets to re-use across courses. They can also connect Coursera to their institution’s learning management system and repackage content to create new, stackable credentials such as Specializations and Professional Certificates.
Businesses, governments, and universities can help employees and learners develop in-demand skills to stay competitive in the workplace with smart solutions like SkillSets and Academies, which are designed to offer targeted skills development in every part of an organization.

Also see:

Elite Colleges Started EdX as a Nonprofit Alternative to Coursera. How Is It Doing? — from edsurge.com by Jeffrey R. Young

Why Tech Companies View the Job Search As Big Business — from edsurge.com by Ayesha Khan

Excerpt:

A pre-pandemic study shows that more than 4 in 10 college degree holders are underemployed and are likely to remain that way for decades to come. This coupled with the astronomical cost of college and mounting student loan debt raises a need for alternative pathways into America’s workforce. The current college system is not putting all Americans to work.
…

Jobtech has the potential to be more effective for job seekers by aligning their aspirations more directly with the needs of employers. Unlike higher education institutions, a jobtech company’s profit and survival depend on people getting placed in good jobs.
…
The success of these businesses hinges on securing opportunities for job seekers. This guarantees customer satisfaction, repeat business, positive margins and a healthy, sustainable business model.

DSC: For those who say MOOCs haven’t done anything…

On 03/05/2021, in Alternatives, business side of he, career development, change, changing business models, collaboration, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, online learning, training / L&D, workplace, by Daniel Christian

DC: For those who say MOOCs haven't done anything…hmmm…(and these are just NEW registered users).#MOOC #alternatives #highereducation #future #learningecosystem #learningexperiencedesign #learningfromthelivingclassroom https://t.co/Acsa55KmVf pic.twitter.com/3hYXSC4qnK

— Daniel Christian (he/him/his) (@dchristian5) March 5, 2021

Reflections on “Today’s Teens Questioning the Status Quo When It Comes to College” [prnewswire.com]

On 03/05/2021, in 21st century, Alternatives, business side of he, career development, change, colleges, communities of practice, community colleges, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, entrepreneurship, experimentation, faculty/staff, future of higher education, game-changing environment, generational differences, higher education, innovation, leadership, learning ecosystem, Learning from the Living [Class] Room, new business models, organizational change, parents/guardians, reinvent, society, staying relevant, strategy, student-related, surviving, traditional / tradition, United States, universities, vendors, youth, by Daniel Christian

Today’s Teens Questioning the Status Quo When It Comes to College — from prnewswire.com by with thanks to Ryan Craig for this resource
National survey finds high schoolers want lower-cost, quicker paths to careers: 50 percent are open to something other than a four-year degree

Excerpt:

For those who have been following the discussion, it will not come as a shock that this demographic is extremely concerned about the cost of higher education. In fact, the number one thing teens would change about college is the price tag. Their second top concern is making sure the path they take directly connects them to a future career. Specifically, the top three things Gen Z teens are most concerned about:

50 percent—graduating with a high amount of debt
44 percent—not getting a job after they graduate
40 percent—not being prepared for a job after school ends

From DSC:
I sometimes use the tag “surviving” and it often has to do with individuals and families. But over the last few years, I have found myself using it for institutions of traditional higher education (as I did for this posting).

It’s time for reinvention if we want those institutions to survive. Those who can’t wait until the status quo returns are likely in for a disappointment, if not outright shock. Over the last several years, many people have already lost their jobs throughout higher ed, positions have gone unfilled, and early retirement offers were made (and often snatched up). The headcounts have been decreasing for years and the workloads have increased for the survivors of such cuts. The use of adjunct faculty members has been on the increase for many years now.

Those institutions that have cultures that support experimentation, innovation, and support strategic, nimble, entrepreneurial thinking have a better chance of surviving.

DC: This is what we’re up against –> “Reskilling 1 billion people by 2030” [Anderson]

On 03/02/2021, in 21st century, 24x7x365 access, Africa, Asia, Australia, Canada, career development, change, changing business models, collaboration, colleges, community colleges, corporate / business world, corporate universities / corporate training, cost of getting a degree, credentialing, culture, dangers of the status quo, Daniel S. Christian, digital learning, distance education, education, education reform, education technology, engagement / engaging students, Europe, experimentation, future, future of higher education, game-changing environment, generational differences, global / globalization, higher education, homeschooling/homeschoolers, ideas, India, innovation, leadership, learning, learning ecosystem, Learning from the Living [Class] Room, legislatures / government / legal, lifelong learning, more voice more choice more control, new business models, online learning, organizational change, pace of change, personalized/customized learning, platforms, reinvent, social learning / networks, society, staying relevant, streams of content, surviving, training / L&D, trends, UK, United States, universities, vision/possibilities, web-based collaboration, by Daniel Christian

From DSC:
This is what we’re up against –> Reskilling 1 billion people by 2030” — from saffroninteractive.com by Jessica Anderson

Excerpts:

According to the World Economic Forum, this statistic is a critical economic imperative.

Does this shock or scare you? Perhaps you’re completely unflappable? Whatever your reaction, this situation will undoubtedly impact your organisation and the way you tackle skills development.
…
What are the roadblocks?

So, we’ve laid down the gauntlet; an adaptable, agile, multi-skilled workforce. What stands in the way of achieving this? A recent survey of the top 5 challenges facing learning leaders sheds some light:

1. Building a learning culture
2. Learning in the flow of work
3. Digital transformation
4. Learner engagement and ownership
5. Keeping informed of best practices

From DSC:
The article mentions that nations could lose billions in potential GDP growth. And while that is likely very true, I think a far bigger concern is the very peace and fabric of our societies — the way of living that billions of people will either enjoy or have to endure. Civil unrest, increased inequality, warfare, mass incarcerations, etc. are huge concerns.

The need for a next-gen learning platform is now! The time for innovation and real change is now. It can’t come too soon. The private and public sectors need to collaborate to create “an Internet for learning” (in the sense that everyone can contribute items to the platform and that the platform is standards based). Governments, corporations, individuals, etc. need to come together. We’re all in the same boat here. It benefits everyone to come together.

It’s Time to Take College Student Hunger and Homelessness Seriously [Deng, Delgado, Crutchfield, & Ibarra]

On 02/24/2021, in colleges, cost of getting a degree, culture, dangers of the status quo, higher education, society, student-related, surviving, United States, universities, by Daniel Christian

It’s Time to Take College Student Hunger and Homelessness Seriously — from edsurge.com by Jireh Deng, Nicole Delgado, Rashida Crutchfield and Stephanie Ibarra

Excerpt:

Students cooking ramen noodle packets in the dorm microwave have come to symbolize what is deemed to be the universal college experience. However, that image demeans the dire situation of students experiencing food and housing insecurity in higher education.

But it doesn’t have to be this way. Through advocacy on campuses and in communities and ongoing state and federal investment in the real cost of higher education—including housing, food and other supports—we can and should make a firm commitment to students who are doing everything they can to become economically self-sufficient.

Learning Ecosystems

From Skill to Instinct: How Higher Education can Bridge the Gap Between Classroom & Career [Soulunii]

How Morehouse School of Medicine is growing the biotech worker pipeline [Thomas Whitfield]

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes [seekingalpha.com]

Two (more) items re: systemic issues that we need to address in the U.S.

For College Finances, There’s No ‘Return to Normal’ [LeClair]

The Short-term Credentials Landscape [Ositelu, McCann, & Laitinen]

Microcredential programs on the rise in Canada [Aschaiek]

President Speaks: 5 higher education trends the pandemic is accelerating [Weinberg]

A second demographic cliff adds to urgency for change [Schroeder]

Coursera Conference 2021: Highlights and Takeaways [Betty Vandenbosch]

DSC: For those who say MOOCs haven’t done anything…

Categories

Tags