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.

 

Law school students can take up to half of their credits online after ABA policy change — from highereddive.com by Jeremy Bauer-Wolf

Dive Brief:

  • Law school students can now take up to half of their classes online following a recent policy change by the American Bar Association.
  • ABA’s accrediting body voted last week to raise the ceiling on the number of credits students can earn online for their J.D., up from one-third.
  • It also struck down a prohibition on first-year law students taking no more than 10 credit hours remotely.

From DSC:
It’s almost June of 2023 and matters/impacts of Artificial Intelligence (AI) are increasingly popping up throughout our society. But WOW! Look at this recent piece of news from the American Bar Association: Law school students can now take up to 50% of their credits online! (It used to be just 30%.)

At a time when we need many more lawyers, judges, legislators, politicians, and others to be more informed about emerging technologies — as well as being more tech-savvy themselves — I don’t think the ABA should be patting themselves on the back for this policy change. It’s a step in the right direction, but why it’s not 100% is mind-boggling to me.

 

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.


 

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?

 

A New Era for Education — from linkedin.com by Amit Sevak, CEO of ETS and Timothy Knowles, President of the Carnegie Foundation for the Advancement of Teaching

Excerpt (emphasis DSC):

It’s not every day you get to announce a revolution in your sector. But today, we’re doing exactly that. Together, we are setting out to overturn 117 years of educational tradition.

The fundamental assumption [of the Carnegie Unit] is that time spent in a classroom equals learning. This formula has the virtue of simplicity. Unfortunately, a century of research tells us that it’s woefully inadequate.


From DSC:
It’s more than interesting to think that the Carnegie Unit has outlived its usefulness and is breaking apart. In fact, the thought is very profound.

It's more than interesting to think that the Carnegie Unit has outlived its usefulness and is breaking apart. In fact, the thought is very profound.

If that turns out to be the case, the ramifications will be enormous and we will have the opportunity to radically reinvent/rethink/redesign what our lifelong learning ecosystems will look like and provide.

So I appreciate what Amit and Timothy are saying here and I appreciate their relaying what the new paradigm might look like. It goes with the idea of using design thinking to rethink how we build/reinvent our learning ecosystems. They assert:

It’s time to change the paradigm. That’s why ETS and the Carnegie Foundation have come together to design a new future of assessment.

    • Whereas the Carnegie Unit measures seat time, the new paradigm will measure skills—with a focus on the ones we know are most important for success in career and in life.
    • Whereas the Carnegie Unit never leaves the classroom, the new paradigm will capture learning wherever it takes place—whether that is in after-school activities, during a work-experience placement, in an internship, on an apprenticeship, and so on.
    • Whereas the Carnegie Unit offers only one data point—pass or fail—the new paradigm will generate insights throughout the learning process, the better to guide students, families, educators, and policymakers.

I could see this type of information being funneled into peoples’ cloud-based learner profiles — which we as individuals will own and determine who else can access them. I diagrammed this back in January of 2017 using blockchain as the underlying technology. That may or may not turn out to be the case. But the concept will still hold I think — regardless of the underlying technology(ies).

Perhaps blockchain will be the underlying technology to provide us with cloud-based learner profiles

For example, we are seeing a lot more articles regarding things like Comprehensive Learner Records (CLR) or Learning and Employment Records (LER; example here), and similar items.

LER — The Learning and Employment Record for a Skills-Based Economy


Speaking of reinventing our learning ecosystems, also see:

 

Credentialed learning for all -- from Getting Smart

 

Why credential section -- from Getting Smart's Credentialed Learning for All

Credentialed Learning For All — from gettingsmart.com

Vision

Learning happens throughout life and is not isolated to the K-12 or higher education sectors. Yet, often, validations of learning only happen in these specific areas. The system of evaluation based on courses, grades, and credit serves as a poor proxy for communicating skills given the variation in course content, grade inflation, and inclusion of participation and extra credit within course grades.

Credentialed learning provides a way to accurately document human capability for all learners throughout their life. A lifetime credentialed learning ecosystem provides better granularity around learning, better documentation of the learning, and more relevance for both the credential recipient and reviewer. This improves the match between higher education and/or employment with the individual, while also providing a more clear and accurate lifetime learning pathway.

With a fully-credentialed system, individuals can own well-documented evidence of a lifetime of learning and choose what and when to share this data. This technology enables every learner to have more opportunities for finding the best career match without today’s existing barriers around cost, access, and proxies.


Addendum on 4/28/23 — speaking of credentials:

First Rung — from the-job.beehiiv.com by Paul Fain
New research shows stacking credentials pays off for low-income learners.

Stacking credentials pays off for many low-income students, new research finds, but only if learners move up the education ladder. Also, Kansas is hoping a new grant program will attract more companies to participate in microinternships.


 

To help new students adapt, some colleges are eliminating grades — from npr.org by Jon Marcus

Excerpt (emphasis DSC):

Experiences like these are among the reasons behind a growing movement to stop assigning conventional A through F letter grades to first-year college students and, sometimes, upperclassmen.

Called “un-grading,” the idea is meant to ease the transition to higher education — especially for freshmen who are the first in their families to go to college or who weren’t well prepared for college-level work in high school and need more time to master it.

But advocates say the most important reason to adopt un-grading is that students have become so preoccupied with grades, they aren’t actually learning.

 

Higher Learning Commission's 2023 Trends

 

As Schools Embrace Mastery Learning, and Confront Challenges of GPAs and College Admissions, Consortium Creates New ‘Bridge’ Transcript — from the74million.org by Patrick O’Donnell; via Ryan Craig
The Mastery Transcript Consortium is now piloting a ‘Learning Record’ that lets a broader view of students accompany standard grades in applications.

Excerpt:

Creators of a grading system that ditches traditional A-F grades for a new “mastery” transcript know that’s too big a leap for some schools to make, so they’ve created a “bridge” that can ease students, parents and college admissions officers into the shift.

“The single biggest barrier to adoption of the mastery transcript is that it’s perceived as risky, and kind of unfamiliar,” said Mike Flanagan, CEO of the Mastery Transcript Consortium, a national group that wants students to learn at their own pace and be rated continually on their progress, not just by snapshots when the calendar says a grading period ends.

 

Territorium Introduces AI-Powered System to Track Skills and Competencies from K–12 to Career — from campustechnology.com by Kate Lucariello

Excerpt:

Global ed tech provider Territorium has launched LifeJourney, a suite of AI-powered tools for users to keep track of education, job skills, and career readiness capabilities. With the LifeJourney toolkit’s comprehensive individual records all in one place, students can provide quick and easily accessible information to prospective employers, according to the company. The suite of tools keeps track of progress and achievements from K–12 through higher education and career readiness.

Comprehensive Learner Records -- The Territorium CLR is a holistic picture of an individual’s skills and competencies

From DSC:
This type of comprehensive learner record is a piece of the vision that I’ve been tracking at “Learning from the Living [Class] Room” — where I call it a Cloud-Based Learner Profile.

 


Also relevant/see:

College Accreditation 101: How It Works & Why It Matters — from business-essay.com; with thanks to Lili North for this resource

Excerpt:

Entering a prestigious college and getting a quality education is one of the top priorities for high school graduates. But how do you know if the college you are considering is really worth it?

Well, luckily, there is accreditation: a process of evaluating educational institutions. Accreditation is an important factor to consider when selecting a college: after all, unaccredited schools don’t provide you with widely recognized diplomas and can leave you with insufficient knowledge and skills.

Want to know more? You’re in the right place! This article covers the essential information every college applicant should know about accreditation.


Also relevant/see:


Addendum on 3/18/23:

Credentialing Everything: A Primer on Learning and Employment Records and Digital Wallets — from gettingsmart.com by Nate McClennen and Rachelle Dené Poth

Key Points

  • Credentials and learner records are accelerating the shift to competency-based learning.
  • They help learners manage unbundled learning by collecting evidence from multiple providers and provide quicker and more personalized onramps to high-wage employment.

Measuring Learning Growth: Competencies and Standards — from gettingsmart.com by Nate McClennen and Rebecca Midles

Key Points

  • The role of competencies has become increasingly important as employers, students and educators realize the impact of transferable skill deficit in young people.
  • The challenge, however, becomes implementation.
 

Employers value microcredentials but don’t know how to assess their quality — from highereddive.com by Natalie Schwartz

Dive Brief:

  • Although a majority of surveyed employers say they value alternative credentials, many also harbor concerns over assessing the quality of education and understanding the skills and competencies they represent.
  • That’s according to a recent survey of 510 employers from the University Professional and Continuing Education Association, also known as UPCEA, and Collegis Education, a technology services provider for colleges.
  • Despite their concerns, 23% of respondents said the greatest benefit alternative credentials provide are giving workers real-world experience. Also, 16% of respondents said alternative credentials help employees develop specialized skills and 13% said they improve performance.
 

Five Predictions for the Future of Learning in the Age of AI — from a16z.com by Anne Lee Skates

Excerpts:

Seeing as education is one of AI’s first consumer use cases, and programs like ChatGPT are how millions of kids, teachers, and administrators will be introduced to AI, it is critical that we pay attention to the applications of AI and its implications for our lives. Below, we explore five predictions for AI and the future of learning, knowledge, and education.

TOC for Five Predictions for the Future of Learning in the Age of AI

 

 

Unbundled: Designing Personalized Pathways for Every Learner — from gettingsmart.com by Nate McClennen “with contributions from the Getting Smart team and numerous friends and partners in the field”

Excerpts:

In this publication, we articulate the critical steps needed to unbundle the learning ecosystem, build core competencies, design learning experiences, curate new opportunities, and rebundle these experiences into coherent pathways.
.

Building the Unbundled Ecosystem

Vision

Every learner deserves an unlimited number of unbundled opportunities to explore, engage, and define experiences that advance their progress along a co-designed educational pathway. Each pathway provides equitable and personalized access to stacked learning experiences leading to post-secondary credentials and secure family-sustaining employment. Throughout the journey, supportive coaches focus on helping learners build skills to navigate with agency. In parallel, learners develop foundational skills (literacy, math), technical skills, and durable skills and connect these to challenging co-designed experiences. The breadth and depth of experiences increase over time, and, in partnership, learners and coaches map progress towards reaching community-defined goals. This vision is only enabled by an unbundled learning ecosystem.

Recommendations

Solutions already exist in the ecosystem and need to be combined and scaled. Funding models (like My Tech High), badging/credentialing at the competency level (like VLACS), coaching models (like Big Thought), and open ecosystems (like NH Learn Everywhere) provide an excellent foundation. Thus, building unbundled systems has already begun but needs systemic changes to become widely available and accepted.

      1. Build a robust competency-based system.
      2. Create a two-way marketplace for unbundled learning.
      3. Implement policy to support credit for out-of-system experiences.
      4. Invest in technology infrastructure for Learning and Employment Records.
      5. Design interoperable badging systems that connect to credentials.
 

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.

 
© 2024 | Daniel Christian