Private Student Loans Have Gotten 2x More Expensive Since 2021 — from forbes.com by Vinay Bhaskara; via GSV

Excerpts:

Higher ed may appear less impacted on the surface. But a small yet critical cohort of students and families has been heavily affected – students and parents who take out private student loans. Private student loans are a small piece of the overall student loan puzzle, representing roughly 8% of outstanding student debt (~$146.9 billion) according to a March 2023 analysis from Federal Student Aid.

Private student loans have gotten way more expensive
With that context in mind, it’s worth analyzing how the rise in interest rates has impacted borrowing costs for families. The numbers are staggering. As the Fed has hiked interest rates, private loan borrowing costs have more than doubled since November of 2021. The average interest rate on a 10-year private student loan has jumped from a low of 3.3% in November 2021 to 7% at the end of May 2023. Interest rates for 5-year private loans have skyrocketed even faster, jumping from a low of 2.4% all the way to 8.70% across the same period.
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Higher Ed 101: Accreditation Explained — a podcast from futureupodcast.com by Jeff Selingo and Michael Horn

Excerpt:

Tuesday, June 6, 2023 – Far too often, individuals in higher education don’t understand the nuances of how accreditors operate and the role they play in supporting—or constraining—institutions. Jeff and Michael welcome Barbara Brittingham, former president of the New England Commission on Higher Education, to give the history of accreditation, break down how accrediting agencies operate, show how they compare to one another, and delve into how they might evolve in the future with an eye toward how these organizations impact institutional transformation and support learners in achieving their education and career goals. This episode is made possible with support from Ascendium Education Group, the Bill & Melinda Gates Foundation, and Course Hero.
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Building Apprenticeship Nation with Ryan Craig of Achieve Partners — a podcast from edtechinsiders.buzzsprout.com with Ryan Craig
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Rich Novak (Rutgers University) on Evaluating the Changes in Higher Ed — a podcast from Illumination by Modern Campus with Amrit Ahluwalia and Rich Novak. Thanks Amrit for all that you’ve done and are doing.

Excerpt:

On today’s episode of the Illumination by Modern Campus podcast, host Amrit Ahluwalia was joined by Rich Novak to evaluate the changes in higher education over the past decade, and the opportunities ahead for continuing education.
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Council Post: Learning In The Digital Age: Reskilling And The Evolution Of Education — from forbes.com by Daphne Kis

Excerpt:

Partnering With Higher Education
I believe that companies can gain a competitive edge in hiring and retention by establishing long-term partnerships with educators, universities and other pedagogically-driven institutions. However, it is crucial to design these partnerships with scale and replication in mind in order to avoid high costs and low adoption rates that can result in failure.

Establishing a successful partnership will also require companies and universities to determine and agree on the skill-based outcomes they aim to achieve. They will have to find effective ways to share data, develop timelines and measure success for both parties.

This is a shift from traditional partnerships, which often focus on research and innovation initiatives. With this, intellectual property was the outcome of the collaboration. Instead, in a reskilling partnership, in-demand skills are the outcome.
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EDUCAUSE and WCET QuickPoll Results: Current Trends in Microcredential Design and Delivery — from er.educause.edu by Jenay Robert
Microcredentialing programs remain nascent at many institutions, but interest continues to grow. As the demand for flexible learning experiences increases, stakeholders might find renewed interest in and uses for microcredentials.

 

Trend No. 3: The business model faces a full-scale transformation — from www2.deloitte.com by Cole Clark, Megan Cluver, and Jeffrey J. Selingo
The traditional business model of higher education is broken as institutions can no longer rely on rising tuition among traditional students as the primary driver of revenue.

Excerpt:

Yet the opportunities for colleges and universities that shift their business model to a more student-centric one, serving the needs of a wider diversity of learners at different stages of their lives and careers, are immense. Politicians and policymakers are looking for solutions to the demographic cliff facing the workforce and the need to upskill and reskill generations of workers in an economy where the half-life of skills is shrinking. This intersection of needs—higher education needs students; the economy needs skilled workers—means that colleges and universities, if they execute on the right set of strategies, could play a critical role in developing the workforce of the future. For many colleges, this shift will require a significant rethinking of mission and structure as many institutions weren’t designed for workforce development and many faculty don’t believe it’s their job to get students a job. But if a set of institutions prove successful on this front, they could in the process improve the public perception of higher education, potentially leading to more political and financial support for growing this evolving business model in the future.

Also see:

Trend No. 2: The value of the degree undergoes further questioning — from www2.deloitte.com by Cole Clark, Megan Cluver, and Jeffrey J. Selingo
The perceived value of higher education has fallen as the skills needed to keep up in a job constantly change and learners have better consumer information on outcomes.

Excerpt:

Higher education has yet to come to grips with the trade-offs that students and their families are increasingly weighing with regard to obtaining a four-year degree.

But the problem facing the vast majority of colleges and universities is that they are no longer perceived to be the best source for the skills employers are seeking. This is especially the case as traditional degrees are increasingly competing with a rising tide of microcredentials, industry-based certificates, and well-paying jobs that don’t require a four-year degree.

Trend No. 1: College enrollment reaches its peak — from www2.deloitte.com by Cole Clark, Megan Cluver, and Jeffrey J. Selingo
Enrollment rates in higher education have been declining in the United States over the years as other countries catch up.

Excerpt:

Higher education in the United States has only known growth for generations. But enrollment of traditional students has been falling for more than a decade, especially among men, putting pressure both on the enrollment pipeline and on the work ecosystem it feeds. Now the sector faces increased headwinds as other countries catch up with the aggregate number of college-educated adults, with China and India expected to surpass the United States as the front runners in educated populations within the next decade or so.

Plus the other trends listed here >>


Also related to higher education, see the following items:


Number of Colleges in Distress Is Up 70% From 2012 — from bloomberg.com by Nic Querolo (behind firewall)
More schools see falling enrollement and tuition revenue | Small private, public colleges most at risk, report show

About 75% of students want to attend college — but far fewer expect to actually go — from highereddive.com by Jeremy Bauer-Wolf

There Is No Going Back: College Students Want a Live, Remote Option for In-Person Classes — from campustechnology.com by Eric Paljug

Excerpt:

Based on a survey of college students over the last three semesters, students understand that remotely attending a lecture via remote synchronous technology is less effective for them than attending in person, but they highly value the flexibility of this option of attending when they need it.

Future Prospects and Considerations for AR and VR in Higher Education Academic Technology — from er.educause.edu by Owen McGrath, Chris Hoffman and Shawna Dark
Imagining how the future might unfold, especially for emerging technologies like AR and VR, can help prepare for what does end up happening.

Black Community College Enrollment is Plummeting. How to Get Those Students Back — from the74million.org by Karen A. Stout & Francesca I. Carpenter
Stout & Carpenter: Schools need a new strategy to bolster access for learners of color who no longer see higher education as a viable pathway

As the Level Up coalition reports ,“the vast majority — 80% — of Black Americans believe that college is unaffordable.” This is not surprising given that Black families have fewer assets to pay for college and, as a result, incur significantly more student loan debt than their white or Latino peers. This is true even at the community college level. Only one-third of Black students are able to earn an associate degree without incurring debt. 

Repairing Gen Ed | Colleges struggle to help students answer the question, ‘Why am I taking this class?’ — from chronicle.com by Beth McMurtrie
Students Are Disoriented by Gen Ed. So Colleges Are Trying to Fix It.

Excerpts:

Less than 30 percent of college graduates are working in a career closely related to their major, and the average worker has 12 jobs in their lifetime. That means, he says, that undergraduates must learn to be nimble and must build transferable skills. Why can’t those skills and ways of thinking be built into general education?

“Anyone paying attention to the nonacademic job market,” he writes, “will know that skills, rather than specific majors, are the predominant currency.”

Micro-credentials Survey. 2023 Trends and Insights. — from holoniq.com
HolonIQ’s 2023 global survey on micro-credentials

3 Keys to Making Microcredentials Valid for Learners, Schools, and Employers — from campustechnology.com by Dave McCool
To give credentials value in the workplace, the learning behind them must be sticky, visible, and scalable.

Positive Partnership: Creating Equity in Gateway Course Success — from insidehighered.com by Ashley Mowreader
The Gardner Institute’s Courses and Curricula in Urban Ecosystems initiative works alongside institutions to improve success in general education courses.

American faith in higher education is declining: one poll — from bryanalexander.org by Bryan Alexander

Excerpt:

The main takeaway is that our view of higher education’s value is souring.  Fewer of us see post-secondary learning as worth the cost, and now a majority think college and university degrees are no longer worth it: “56% of Americans think earning a four-year degree is a bad bet compared with 42% who retain faith in the credential.”

Again, this is all about one question in one poll with a small n. But it points to directions higher ed and its national setting are headed in, and we should think hard about how to respond.


 

Microcredentials Can Make a Huge Difference in Higher Education — from newthinking.com by Shannon Riggs
The Ecampus executive director of academic programs and learning innovation at Oregon State University believes that shorter form, low-cost courses can open up colleges to more people.

That so much student loan debt exists is a clear signal that higher education needs to innovate to reduce costs, increase access and improve students’ return on investment. Microcredentials are one way we can do this.


As the Supreme Court weighs Biden’s student loan forgiveness, education debt swells — from cnbc.com by Jessica Dickler

KEY POINTS

  • As the Supreme Court weighs President Joe Biden’s student loan forgiveness plan, college tuition keeps climbing.
  • This year’s incoming freshman class can expect to borrow as much as $37,000 to help cover the cost of a bachelor’s degree, according to a recent report.

College is only getting more expensive. Tuition and fees plus room and board at four-year, in-state public colleges rose more than 2% to $23,250, on average, in the 2022-23 academic year; at four-year private colleges, it increased by more than 3% to $53,430, according to the College Board, which tracks trends in college pricing and student aid.

Many students now borrow to cover the tab, which has already propelled collective student loan debt in the U.S. past $1.7 trillion.


Access, Outcomes, and Value: Envisioning the Future of Higher Education — from milkeninstitute.org with Jeff Selingo, Gene Block, Jim Gash, Eric Gertler, and Nicole Hurd

Leaders of colleges and universities face unprecedented challenges today. Tuition has more than doubled over the past two decades as state and federal funding has decreased. Renewed debates about affirmative action and legacy admissions are roiling many campuses and confusing students about what it takes to get accepted. Growing numbers of administrators are matched by declining student enrollment, placing new financial pressures on institutions of higher learning. And many prospective students and their parents are losing faith in the ROI of such an expensive investment and asking the simple question: Is it all worth it? Join distinguished leaders from public and private institutions for this panel discussion on how they are navigating these shifts and how they see the future of higher education.

 


What the New ‘U.S. News’ Law-School Rankings Reveal About the Rankings Enterprise — from chronicle.com by Francie Diep

Excerpt (emphasis DSC):

This year’s lists also offer a hint of how widespread the rankings revolt was. Seventeen medical schools and 62 law schools — nearly a third of the law schools U.S. News ranks — didn’t turn in data to the magazine this year. (It’s not clear what nonparticipation rates have been in the past. Reached by email to request historical context, a spokesperson for U.S. News pointed to webpages that are no longer online. U.S. News ranked law and medical schools that didn’t cooperate this year by using publicly available and past survey data.)


Are today’s students getting ahead, getting by, or even falling behind when it comes to their post-college earnings? The Equitable Value Explorer, an innovative diagnostic tool that puts the commission’s work into action, is helping to answer that question.


Report: Many borrowers who could benefit from income-driven repayment don’t know about it — from highereddive.com by Laura Spitalniak

Dive Brief:

  • Student loan borrowers who would stand to benefit the most from income-driven repayment plans, or IDRs, are less likely to know about them, according to a new report from left-leaning think tank New America.
  • Around 2 in 5 student-debt holders earning less than $30,000 a year reported being unfamiliar with the repayment plans. Under a proposed plan from the U.S. Education Department, IDR minimum monthly loan payments for low-income earners, such as this group, could drop to $0.
  • Just under half of borrowers in default had not heard of IDRs, despite the plans offering a pathway to becoming current on their loans, the report said. Only one-third of currently defaulted borrowers had ever enrolled in IDR.

Addendum on 5/16/23:

 

2023 EDUCAUSE Horizon Report | Teaching and Learning Edition

2023 EDUCAUSE Horizon Report | Teaching and Learning Edition — from library.educause.edu

Excerpt:

The Future of Teaching and Learning
Artificial intelligence (AI) has taken the world by storm, with new AI-powered tools such as ChatGPT opening up new opportunities in higher education for content creation, communication, and learning, while also raising new concerns about the misuses and overreach of technology. Our shared humanity has also become a key focal point within higher education, as faculty and leaders continue to wrestle with understanding and meeting the diverse needs of students and to find ways of cultivating institutional communities that support student well-being and belonging.

For this year’s teaching and learning Horizon Report, then, our panelists’ discussions oscillated between these seemingly polar ideas: the supplanting of human activity with powerful new technological capabilities, and the need for more humanity at the center of everything we do. This report summarizes the results of those discussions and serves as one vantage point on where our future may be headed.

 

7 reasons to get rid of the law degree — from jordanfurlong.substack.com by Jordan Furlong
Requiring a law degree for bar admission imposes unfair burdens on new lawyers and blocks innovation in legal education. Here’s what we can do instead.

Excerpt:

Hey there, legal sector participant! Do you feel that law school is too expensive? That law students graduate too heavily in debt and deeply stressed? That legal education seems impossible to reform? That the whole lawyer development and bar admission system in general is an enormous hot mess?

If so, you’re like thousands of others who’ve grown massively frustrated with the profession’s broken-down approach to developing new lawyers. But I’m here with some good news! There’s a simple and straightforward path to resolving these and many other problems with legal education and bar admission.

We start by getting rid of the law degree.

Now, hold on, let me be clear — I don’t mean kill the law degree itself. That would be crazy.

No, I mean, let’s get rid of the law degree as a mandatory element of the lawyer licensing process. Law schools should continue to offer whatever sort of degree programs they like — but legal regulators and bar admission authorities should no longer require everybody who wants to be a lawyer to get one.

From DSC:
I need to think on this further, but Jordan could be onto something here…

A better pathway to lawyer licensing — from jordanfurlong.substack.com by Jordan Furlong
No law degree; a single knowledge exam; training in legal, business and professional skills; and a term of supervised practice. This is how we do it.

Excerpt:

Previously here at Substack, I provided a pretty comprehensive takedown of the law degree requirement for lawyer licensing. It generated a ton of fascinating and gratifying feedback, here and especially at LinkedIn, with a few objections but mostly a lot of support.

Of course, it’s easy to criticize legal education — fun, too — but look, most people in the legal profession already know all the problems with the law degree, and complaining about it is kind of a vacuous pastime. What I’m really interested in here is a bigger and more important question: How does — how should — someone become a lawyer?

 

Tuition Discount Rates Hit New High — from insidehighered.com by Josh Moody
According to a new NACUBO study, private college tuition discount rates hit a record 56.2 percent, continuing a pattern of annual increases.

According to a new NACUBO study, private college tuition discount rates hit a record 56.2 percent, continuing a pattern of annual increases.


College prices aren’t skyrocketing—but they’re still too high for some — from brookings.edu by Phillip Levine

If we do not find better ways to track college costs for students with different family financial circumstances, we will not easily know if that happened. Students and their families will continue to make one of the most important financial decisions of their lives half in the dark.


Addendum:

Private colleges’ tuition discount rates continue to hit record highs — from highereddive.com by Jeremy Bauer-Wolf

Dive Brief:

  • The average tuition discount rate for full-time first year students attending private nonprofit colleges reached a record high of 56.2% in the 2022-23 academic year, the National Association of College and University Business Officers said Monday.
  • This represents a more than 2 percentage point increase year over year. Average tuition discount rates for all private college undergraduate students also continued to rise, reaching another record high, 50.9%, that year, NACUBO said in its newly released annual report.
  • After adjusting for inflation, private colleges’ net tuition and fee revenue fell by 5.4% per first-time undergraduate and by 5.9% across all undergraduates, NACUBO found.
 

When It Comes to College Closures, the Sky Is Never Going to Fall — from chronicle.com by Lee Gardner
Are you tired of reading nearly annual predictions of a looming wave of colleges shutting down? Not nearly as tired as one Chronicle reporter.

Excerpts:

I’ve learned a lot of things about how colleges work in the last 10 years, including that they die hard. They make new appeals to students and alumni. They scrimp. They raise their tuition-discount rate yet again. They limp along with budget deficits, sometimes for years. They make withdrawals from their endowments. They sell off assets. They look for partnerships, mergers, and buyers, although sometimes when it’s far too late.

I could be wrong, of course, and there may be a giant wave of college closures rearing somewhere on the horizon. But I can guarantee you that there are dozens of institutions in danger of quietly slipping toward a gradual end as you read this.

Also highly relevant here/see:

Contingent faculty jobs are still the standard, AAUP report finds — from highereddive.com by Laura Spitalniak

Dive Brief:

  • Colleges are continuing to increase their reliance on faculty positions that lack pathways to tenure, according to a new report from the American Association of University Professors. Over two-thirds of faculty members, 68%, held contingent positions in fall 2021, compared to about 47% in fall 1987.
  • Part-time work is also becoming more common. Almost half of faculty, 48%, taught part time in fall 2021, up from 33% in fall 1987. Less than 1% of all part-time faculty positions are tenured or tenure-track, according to AAUP.
  • Both of these factors are cutting into the number of available tenured positions, the report said. Fewer than 1 in 4 faculty members, 24%, held tenured full-time positions in fall 2021. That number fell from 39% in fall 1987.

Americans Are Losing Faith in College Education, WSJ-NORC Poll Finds — from wsj.com by Douglas Belkin (behind a firewall)
Confidence in value of a degree plummeted among women and senior citizens during pandemic

Excerpt:

A majority of Americans don’t think a college degree is worth the cost, according to a new Wall Street Journal-NORC poll, a new low in confidence in what has long been a hallmark of the American dream.

The survey, conducted with NORC at the University of Chicago, a nonpartisan research organization, found that 56% of Americans think earning a four-year degree is a bad bet compared with 42% who retain faith in the credential.

Skepticism is strongest among people ages 18-34, and people with college degrees are among those whose opinions have soured the most, portending a profound shift for higher education in the years ahead.
 

Higher Learning Commission's 2023 Trends

 

Challenging ‘Bad’ Online Policies and Attitudes — from insidehighered.com by Susan D’Agostino
Academic and industry leaders spoke with conviction at the SXSW EDU conference this week about approaches that impede educational access to motivated, capable learners.

Excerpts:

“It’s driven by artificial intelligence,” Barnes said of IBM’s training and reskilling effort. “It’s a Netflix-like interface that pushes content. Or an employee can select content…

The leaders discussed the ways in which colleges, policymakers, and employers might work together to help more Americans find or advance in viable employment, while also addressing the workforce skills gap. But some “bad” policies and attitudes about online learning undermine their efforts to work together, expand access and deliver outcomes to motivated, capable learners.

“Employers were saying, ‘We have job openings we can’t fill, and we want to work with the education system, but it is so unbelievably frustrating because they’re very rigid, and they don’t want to customize to our needs,’” Hansen said. These employers sought workforce training that could produce a pipeline of learners-turned-employees, and Hansen said they told him, “If you can do that, I’ll pay you.”

 


Transfers From Community College Continue to Fall — from insidehighered.com by Sara Weissman
Despite the decline in transfers, a new report also says six-year college completion rates among transfer students improved.

Excerpt:

Transfers between community colleges and four-year institutions continued to drop last fall, an ongoing trend since the onset of the COVID-19 pandemic, according to a new report from the National Student Clearinghouse Research Center. But the report also contains some good news, including that six-year college completion rates among transfer students improved, despite the disruptive nature of the pandemic.

“Upward transfer has continued to decline pretty steadily at this point in every year since the pandemic,” Shapiro said during a media briefing Wednesday. “This suggests that baccalaureate attainment is beginning to appear increasingly out of reach for community college students,” particularly for students enrolled in urban and suburban community colleges, which saw steeper declines in transfers to universities than community colleges in towns or rural areas.

 

Teaching in an Age of ‘Militant Apathy’ — from chronicle.com by Beth McMurtrie
Immersive education offers a way to reach students. But can it ever become the norm?

Excerpts (emphasis DSC):

But as many students continue to exhibit debilitating levels of anxiety, hopelessness, and disconnection — what one professor termed “militant apathy” — colleges are struggling to come up with a response beyond short-term solutions. The standard curricula in higher ed — and the way it’s discussed as primarily a path to economic success — can exacerbate those feelings. Students are told the main point of college is to move up the economic ladder, so no wonder it feels transactional. And the threat of failure must seem paralyzing given the high cost of a degree.

Colleges try to counter that by telling students that critical-thinking and communication skills are important as well. “But that’s a pretty vague argument that isn’t obvious for students to internalize and motivate their behavior. So what you see then is widespread disengagement from the curriculum,” says Arum. “For educators like me, what’s missing is what education is about. It’s about psychological well-being and flourishing and growth and human development and encouraging a set of dispositions, attitudes and behaviors that lead to fulfilling lives.”

“In every context, the student needs to feel like they are driving, they are the ones managing their own learning,” says Immordino-Yang. Instead, students have come to expect “‘you tell me what to do and I’ll do it,’” she says. “We need to take that away. That is a crutch. That is not real learning. That is compliance.”

From DSC:
The liberal arts are so important. But at what cost? What are people willing to pay for a more rounded education? The market is speaking — and the liberal arts are dying. I think that less expensive forms of online-based learning may turn out to be the best chance of the liberal arts surviving in the 21st century. The price must come waaaay down.

And speaking of the cost of getting a degree, this item is relevant as well:

Colleges Fear Cost of Doing Business Will Become Much Costlier — from chronicle.com by Lee Gardner
Inflation, enrollment woes, and increasing intolerance of tuition increases have made this budget season especially difficult.

Excerpts:

In decades past, colleges might have mitigated precarious budgets by raising tuition, but that’s a hard row to hoe in 2023.

The public colleges most feeling the financial squeeze from lowered enrollments are regional universities and community colleges, which typically receive less state support per student than public flagship universities.

Inflation remains high, at around 6 percent, and the biggest worry that it presents for college leaders comes from upward pressure on wages, says Staisloff.

While the sky may not be falling for higher education, Staisloff says “the cloud ceiling keeps dropping and dropping and dropping and dropping, and that’s getting harder to ignore.”


Speaking of the cost of getting a degree as well as higher education’s need to reinvent itself, also see:

College Doesn’t Need to Take Four Years — an opinion piece from the Wall Street Journal by Scott L. Wyatt and Allen C. Guelzo
For many students, the standard bachelor’s degree program has become a costly straitjacket.


 

What can work colleges teach the rest of higher ed? — from highereddive.com by Laura Spitalniak
Amid high worries about higher ed’s value in the job market, work colleges offer lessons on integrating classroom learning with employment opportunities.

Excerpt:

To qualify as a work college, an institution must be nonprofit, offer four-year degrees and provide students with employment through a work-learning-service program that will contribute to their education.

It found work colleges’ strengths — reduced or free tuition, job experience and mentorship from college faculty and staff — address student concerns over the cost and real-world applicability of a college degree. Work colleges can also make adult learners’ lives logistically easier by combining academics and work, the report found.

The intentional connection of learning, work and service is the most compelling part of the model, according to Louis Soares, chief learning and innovation officer at ACE and one of the report’s authors.

 

 
 

What is college for? Gov. Shapiro raises the question. Higher ed leaders are listening. — from The Philadelphia Inquirer by Will Bunch; with thanks to Ray Schroeder out on LinkedIn for the resource
Pa.’s new governor Josh Shapiro’s first move was to question the need of a college diploma as a job credential. U.S. universities, pay attention.

Excerpt:

NEW HAVEN, Conn. — What is college actually for?

No one expected this to be the initial question raised by Pennsylvania’s new governor, Josh Shapiro, in his first full day on the job. While he may not have stated it explicitly, this was the essence of the Democrat’s very first executive order, which opened up some 92% of job listings in state government — about 65,000 in all — to applicants who don’t have a four-year college degree.

In branding degree requirements for many jobs as “arbitrary” and declaring “there are many different pathways to success,” the Keystone State’s new chief executive was tugging at the shaky Jenga block that has undergirded the appalling rise of a $1.75 trillion student debt bomb in the U.S. and led, arguably, to a college/non-college divide driving our nation’s bitter politics. The notion is this: You can’t make it in 21st-century America without that most expensive piece of sheepskin: the college diploma.

So the $64,000 question (OK, $80,000 … for one year on some elite private campuses) is this: If you don’t need the credential, do you actually need college?

Something is clearly gained by giving America’s young people more career options that won’t contribute to that $1.75 trillion college debt bomb. But are we talking enough about what could be lost in a new system that not only devalues the university but also seems to ratify a dubious idea — that higher education is almost solely about careerism, and not the wider knowledge and critical-thinking skills that come from liberal arts learning?

From DSC:
To me — and to many other parents and families — it all boils down to the price tag of obtaining a liberal arts education. It’s one thing to get a liberal arts education at $5K per year. It’s another thing when the pricetag runs at $40K and above (per year)! Most people ARE FORCED to question the ROI of a liberal arts education. They simply have to.

On a relevant tangent here…many inside the academy have traditionally looked with disdain at the corporate world. The thinking went something like this:

Business! Ha! We are not a business! Students are not customers. Don’t ever compare us to the corporate world.

Having spent half of my career in the corporate world, I do not subscribe to that perspective. In fact, I’d like to ask those who still hold this point of view:
  • Where else can you pay tens of thousands of dollars for something and not be treated as a customer?! Don’t you typically expect value on your own purchases and positive returns on your investments?
  • How will you collaborate with the corporate world if you look upon them with disdain?!

But now that colleges and universities enrollments are not doing so well, perhaps there will be more openness to change and towards developing more impactful collaborations.

 

A new path to higher education that begins on YouTube! — from blog.youtube by Katie Kurtz, Managing Director, Global Head of Learning

Excerpt:

We’ve partnered with Arizona State University (ASU) and Crash Course to create Study Hall, a new approach that demystifies the college process while creating an affordable and accessible onramp to earning college credit.

Also relevant/see:

YouTube Launches Video Program Creating a Pathway to Real College Credits — from by Joan E. Solsman
Using YouTube videos as a launchpad to Arizona State University virtual courses, people can work toward first-year college credit with little upfront cost.

YouTube unveils new program that enables students to earn college credits — from techcrunch.com by Aisha Malik

The program is expected to expand to 12 available courses by January 2025 to give students a chance to receive credit for an entire first year of college. There is a $25 fee if a student elects to sign up and begin coursework, and a $400 fee to receive college credit for each course.



 
© 2024 | Daniel Christian