Amid explosive demand, America is running out of power — from washingtonpost.com by Evan Halper
AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up.

Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid.

A major factor behind the skyrocketing demand is the rapid innovation in artificial intelligence, which is driving the construction of large warehouses of computing infrastructure that require exponentially more power than traditional data centers. AI is also part of a huge scale-up of cloud computing. Tech firms like Amazon, Apple, Google, Meta and Microsoft are scouring the nation for sites for new data centers, and many lesser-known firms are also on the hunt.


The Obscene Energy Demands of A.I. — from newyorker.com by Elizabeth Kolbert
How can the world reach net zero if it keeps inventing new ways to consume energy?

“There’s a fundamental mismatch between this technology and environmental sustainability,” de Vries said. Recently, the world’s most prominent A.I. cheerleader, Sam Altman, the C.E.O. of OpenAI, voiced similar concerns, albeit with a different spin. “I think we still don’t appreciate the energy needs of this technology,” Altman said at a public appearance in Davos. He didn’t see how these needs could be met, he went on, “without a breakthrough.” He added, “We need fusion or we need, like, radically cheaper solar plus storage, or something, at massive scale—like, a scale that no one is really planning for.”


A generative AI reset: Rewiring to turn potential into value in 2024 — from mckinsey.com by Eric Lamarre, Alex Singla, Alexander Sukharevsky, and Rodney Zemmel; via Philippa Hardman
The generative AI payoff may only come when companies do deeper organizational surgery on their business.

  • Figure out where gen AI copilots can give you a real competitive advantage
  • Upskill the talent you have but be clear about the gen-AI-specific skills you need
  • Form a centralized team to establish standards that enable responsible scaling
  • Set up the technology architecture to scale
  • Ensure data quality and focus on unstructured data to fuel your models
  • Build trust and reusability to drive adoption and scale

AI Prompt Engineering Is Dead Long live AI prompt engineering — from spectrum.ieee.org

Since ChatGPT dropped in the fall of 2022, everyone and their donkey has tried their hand at prompt engineering—finding a clever way to phrase your query to a large language model (LLM) or AI art or video generator to get the best results or sidestep protections. The Internet is replete with prompt-engineering guides, cheat sheets, and advice threads to help you get the most out of an LLM.

However, new research suggests that prompt engineering is best done by the model itself, and not by a human engineer. This has cast doubt on prompt engineering’s future—and increased suspicions that a fair portion of prompt-engineering jobs may be a passing fad, at least as the field is currently imagined.


What the birth of the spreadsheet teaches us about generative AI — from timharford.com by Tim Harford; via Sam DeBrule

There is one very clear parallel between the digital spreadsheet and generative AI: both are computer apps that collapse time. A task that might have taken hours or days can suddenly be completed in seconds. So accept for a moment the premise that the digital spreadsheet has something to teach us about generative AI. What lessons should we absorb?

It’s that pace of change that gives me pause. Ethan Mollick, author of the forthcoming book Co-Intelligence, tells me “if progress on generative AI stops now, the spreadsheet is not a bad analogy”. We’d get some dramatic shifts in the workplace, a technology that broadly empowers workers and creates good new jobs, and everything would be fine. But is it going to stop any time soon? Mollick doubts that, and so do I.


 

 

To Fix U.S. Education, Free Our Teachers — from www-forbes-com.cdn.ampproject.org by Brandon Busteed

Teachers are the least empowered, most[-]disrespected, stressed and burned-out of all professions in the U.S. IMAGED CREATED BY DALL-E FOR BRANDON BUSTEED Teachers are the least empowered, most[-] disrespected, stressed and burned-out of all professions in the U.S. IMAGED CREATED BY DALL-E FOR BRANDON BUSTEED

If your goal was to create a miserable work environment where employees are stressed, burned out, disrespected and given no say in their job just look to U.S. schools for inspiration. They are our ‘best practice of miserable workplaces.’ And if you were looking for one major fix to education in America, you’d do everything in your power to ensure teachers are empowered.

Teacher engagement and empowerment may be the single most important national objective for improving education. Yet years of failed education policy combined with maligned attitudes about teaching have rendered teachers as among the least empowered and most disrespected professions in the country. This is a tragedy of unimaginable proportions. After all, teachers are the gateways to every profession because they are the ones we have tasked with teaching and motivating every young person in the country.

We need to free our teachers to do what they do best – to teach and inspire. Well-intentioned yet failed education policies that have overemphasized standardized testing and driven national and state-level ‘standardized’ curriculum have led to teacher disempowerment.


Transforming Communities Into K-12 Classrooms — from forbes.com by Kate Cassada

Putting The Public Back In Education
CommunityShare is an interesting nonprofit organization that has found a way to promote vibrant educational experiences by connecting students and educators to the skills, knowledge, and life experiences of community members.

Founded in 2015 in Tucson, Arizona, CommunityShare aims to reimagine the relationship between schools and communities. The organization’s vision is “a world where everyone sees themselves as a learner and educator working together to develop their community’s potential.”

Through CommunityShare, teachers and community partners, from artists to astronauts, co-design enriched learning projects that tap into students’ creativity, cultivate real-world skills, and expose students to available community assets.


An unexpected way to fight chronic absenteeism — from hechingerreport.org by Javeria Salman
School districts are having some success with using telemedicine and teletherapy to ensure more kids stay in school  

The telemedicine clinic is also a way to relieve the burden on working parents, Oakley said: Many parents in the district’s Title I schools work hourly wage jobs and rely on public transportation, making it difficult to pick up a sick child at school quickly.


How HBCUs are building a stronger Black teacher pipeline — from k12.dive.com by Anna Merod
As HBCUs produce 50% of all Black educators nationwide, a UNCF report illustrates best practices for recruitment efforts.

Dive Brief:

  • Amid ongoing efforts to diversify the K-12 teacher workforce, a United Negro College Fund report finds some historically Black colleges and universities are working to get Black students in the teacher pipeline by tapping into faculty networks, establishing relationships with school districts and using financial aid as a recruitment tool.
  • Additionally, HBCUs leveraged long-standing connections with their local Black church communities to promote teacher prep programs and financial aid offerings during religious services.
  • UNCF suggested higher ed institutions develop pipelines for Black educators beginning in high school by offering students opportunities to work with children and then maintaining relationships with them through their matriculation into college and eventual completion of a teacher certification.
 

Affordability and Microcredentials — from the-job.beehiiv.com by Paul Fain
Cutting costs for short-term credentials with course sharing and, perhaps, federal money.

‘Bespoke, e-Commerce-Enabled Storefronts’
Demand for nondegree credentials has risen. But it can be expensive and tricky for colleges to create their own workforce-relevant courses and certifications. Homegrown microcredentials also may be more likely to fall flat with students and employers, particularly in competition with professional certificates from big brands like Salesforce or AWS.

Acadeum, an online course-sharing company, is betting that a networked marketplace will be a better option for its 460 college and university partners, which include a growing number of community colleges. Beginning last month, those colleges can tap into 380+ online certificates, certifications, and skills-training courses.

“Skills Marketplace lowers the barrier of entry for institutions to self-select only the certifications that align their program offerings to meet student and workforce demand,” says David Daniels, Acadeum’s president and CEO.

 

It’s Time to Launch a National Initiative to Create the New American High School — from the74million.org by Robin Lake; via GSV
Robin Lake: We must start thinking, talking and acting bigger when it comes to preparing teens for both college and career.

The blueprint design of a chair that you would often see in a high school classroom


One State Rolled Out a Promising Child Care Model. Now Others Are Replicating It. — from edsurge.com by Emily Tate Sullivan

Excerpt (emphasis DSC):

Last month, business leaders and child care advocates from a handful of states convened on Zoom. Representing Michigan, Kentucky, North Carolina and Virginia, they had come together to discuss a new child care model, called “Tri-Share,” that has gained traction across the country, including in their respective regions.

The cost-sharing model, in which the state government, the employer and the employee each pay for one-third of the cost of child care, first launched in 2021 in Michigan, where it is furthest along. But it has become so popular that other states, including New York, North Carolina and Kentucky, have already secured funding for their own adaptations of the program.

Also relevant/see:


Road Scholars: When These Families Travel, School Comes Along for the Ride — from the74million.org by Linda Jacobson; via Matthew Tower
‘It’s not just a pandemic thing,’ one industry expert said about the growing number of families ‘roadschooling’ across the country.


Using Technology for Students in Special Education: What the Feds Want Schools to Know — from edweek.org by Alyson Klein

But this is the first time the department has released guidance on how assistive technology relates to the special education law. That’s partly because schools have come to rely so much more on technology for teaching and learning, Wright-Gallo said.

The guidance, released last month, is aimed at parents, specialists who provide services to babies and toddlers at risk of developmental delays, special educators, general educators, school and district leaders, technology specialists and directors, and state education officials, Wright-Gallo said.


Guiding and Connecting the Homeschooling Community — from michaelbhorn.substack.com by Michael B. Horn
How ‘Teach Your Kids’ is Empowering Parents to Take Charge of their Students’ Educations

More and more parents are taking charge of their children’s education through homeschooling.  Manisha Snoyer’s podcast and online homeschooling community, Teach Your Kids, is seeking to empower parents with the guidance, tools, and network they need to thrive as educators for their children. She joined the Future of Education to discuss her work, dispel misconceptions about homeschooling, and consider the future of this growing trend. I was intrigued to explore her observations that, through modularity, families can pull apart socialization, childcare, and the learning itself to make the benefits of homeschooling much more accessible. As always, subscribers can listen to the audio, watch the video, or read the transcript.


Can Career Learning Bring America’s Young People Back to School? — from realcleareducation.com by Taylor Maag

School absenteeism sky-rocketed post-pandemic: 6.5 million more students missed at least 10% or more of the 2021-22 school year than in 2017-18. This means 14.7 million students were chronically absent even after schools reopened from the pandemic. While preliminary data shows that absentee rates slightly decreased in the 2022-23 school year, truancy remains a serious concern for our nation’s K-12 system.

If we want to get students back in the classroom and avoid poor outcomes for our nation’s young people, U.S. leaders must rethink how we operate K-12 education. One potential solution is reinventing high school to ensure every young person is exposed to the world of work through career-oriented education and learning. An analysis of international cross-section data found that nations enrolling a large proportion of students in vocational or career-focused programs have significantly higher school attendance rates and higher completion rates than those that don’t.


My child with ADHD is being disciplined at school for things they can’t control. What can I do? — from understood.org by Julian Saavedra, MA
Is your child with ADHD being disciplined at school more and more? Get expert advice on how to manage school discipline. Learn the steps to better advocate for your child.

Also relevant/see:

  • What can I do if my child’s teacher takes recess away? — from understood.org By Kristin J. Carothers, PhD
    School can be extra hard for kids with ADHD when teachers take recess away. An expert weighs in on how you can work with teachers to find a solution.
  • For teachers: What to expect in an IEP meeting — from understood.org by Amanda Morin
    You’re not alone in having questions about IEP meetings. If you’re not a special education teacher, you may not have a lot of training around the IEP process.  Here are some of the basics:
 

The Teaching and Learning Workforce in Higher Education, 2024 — from library.educause.edu by Nicole Muscanell


Opinion: Higher-Ed Trends to Watch in 2024 — from govtech.com by Jim A. Jorstad
If the recent past is any indication, higher education this year is likely to see financial stress, online learning, a crisis of faith in leadership, emerging tech such as AI and VR, cybersecurity threats, and a desperate need for skilled IT staff.

 “We’re in the early stages of creating a new paradigm for personalized assessment and learning; it’s critical for moving the field forward … It’s supporting teachers in the classroom to personalize their teaching by using AI to provide feedback for individual learners and pointing in the direction where students can go.”


PROOF POINTS: Most college kids are taking at least one class online, even long after campuses reopened — from hechingerreport.org by Jill Barshay
Shift to online classes and degrees is a response to declining enrollment

The pandemic not only disrupted education temporarily; it also triggered permanent changes. One that is quietly taking place at colleges and universities is a major, expedited shift to online learning. Even after campuses reopened and the health threat diminished, colleges and universities continued to offer more online courses and added more online degrees and programs. Some brick-and-mortar schools even switched to online only.


College Affordability Helped Drive Rise in State Support for Higher Ed — from chronicle.com by Sonel Cutler

State support for higher education saw a significant jump this year, rising more than 10 percent from 2023 — even though the share of that money provided by the federal government dropped 50 percent.

That’s according to the annual Grapevine report released Thursday by the State Higher Education Executive Officers Association, or SHEEO. The data reflect a continued upward trajectory for state investment in higher education, with a 36.5-percent increase in support nationally over the last five years, not adjusted for inflation.


 

 

Thriving in an age of continuous reinvention — from pwc.com
As existential threats converge, many companies are taking steps to reinvent themselves. Is it enough? And what will it take to succeed?
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Southern New Hampshire University President Paul LeBlanc to Step Down after Transformative 20 Years of Leadership — from snhu.edu by Siobhan Lopez
LeBlanc will step down from his role as president in summer of 2024

Under LeBlanc’s direction, SNHU has transformed from a small regional university to an internationally known leader in higher education, having grown from 2,500 students to more than 225,000 learners, making SNHU the largest nonprofit provider of higher education in the country. With his vision to make higher education more accessible, more than 200,000 students have earned their degrees during LeBlanc’s tenure at SNHU. The university also ranks among the most innovative universities in the country and as a top employer nationwide.


One more item re: higher education for tonight:

The Review: Course evaluations are garbage science. — from chronicle.com by Len Gutkin

When the concept of student evaluations was first developed in the 1920s, by the psychologists Herman H. Remmers, at Purdue University, and Edwin R. Guthrie, at the University of Washington, administrators were never meant to have access to them. Remmers and Guthrie saw evaluations as modest tools for pedagogical improvement, not criteria of administrative judgment. In the 1950s, Guthrie warned about the misuse of evaluations. But no one listened. Instead, as Stroebe writes, they “soon became valued sources of information for university administrators, who used them as a basis for decisions about merit increases and promotion.” Is it too late to return to Remmers and Guthrie’s original conception?

 

 

More Chief Online Learning Officers Step Up to Senior Leadership Roles 
In 2024, I think we will see more Chief Online Learning Officers (COLOs) take on more significant roles and projects at institutions.

In recent years, we have seen many COLOs accept provost positions. The typical provost career path that runs up through the faculty ranks does not adequately prepare leaders for the digital transformation occurring in postsecondary education.

As we’ve seen with the professionalization of the COLO role, in general, these same leaders proved to be incredibly valuable during the pandemic due to their unique skills: part academic, part entrepreneur, part technologist, COLOs are unique in higher education. They sit at the epicenter of teaching, learning, technology, and sustainability. As institutions are evolving, look for more online and professional continuing leaders to take on more senior roles on campuses.

Julie Uranis, Senior Vice President, Online and Strategic Initiatives, UPCEA

 

From DSC:
Wouldn’t it be nice to be able to gift someone an article or access to a particular learning module? This would be the case whether you are a subscriber to that vendor/service or not. I thought about this after seeing the following email from MLive.com.
.

MLive.com's gift an article promotion from December 2023; one must be a subscriber though to gift an article

.

Not only is this a brilliant marketing move — as recipients can get an idea of the services/value offered — but it can provide concrete information to someone.

Perhaps colleges and universities should take this idea and run with it. They could gift courses and/or individual lectures! Doing so could open up some new revenue streams, aid adult learners in their lifelong learning pathways, and help people build new skills — all while helping market the colleges and universities. Involved faculty/staff members could get a percentage of the sales. Sounds like a WIN-WIN to me.

 

3 Questions for Deborah Dougherty on Higher Ed’s Past and Future — from insidehighered.com by Joshua Kim
A conversation with the director of the Andison Center for Teaching Excellence at Alma College about higher ed in 2060.

From DSC:
I was hoping to see a bit more from Deborah’s answer to where she sees higher education (including Alma College) might end up 35 years from now. Her answer seemed like business as usual —  the status quo. Nothing will change (hopefully, in her perspective). If that’s the case, many will be shut out of higher education. We can do better. I don’t mean to bash a residential, liberal arts, collegiate experience. I worked for such an institution for 10 years! But it needs to be augmented. New business models. More access. 


Butler University launches two-year college with degrees free to most students — from chalkbeat.org by MJ Slaby

Students can earn an associate degree from Butler University at no cost to them, and continue on to earn a bachelor’s degree for $10,000, thanks to a new program.

On Friday, Butler announced it is opening a new two-year college on campus that will offer  associate degrees in business and allied health. The program will start enrolling students in fall 2025.

The program is focused on Indianapolis-area students from low-income backgrounds, including students who are undocumented. The university said in its Friday announcement that it wants to make college more accessible and affordable for previously underserved students, and help them navigate the college-going process.

 

 

Where a developing, new kind of learning ecosystem is likely headed [Christian]

From DSC:
As I’ve long stated on the Learning from the Living [Class]Room vision, we are heading toward a new AI-empowered learning platform — where humans play a critically important role in making this new learning ecosystem work.

Along these lines, I ran into this site out on X/Twitter. We’ll see how this unfolds, but it will be an interesting space to watch.

Project Chiron's vision: Our vision for education Every child will soon have a super-intelligent AI teacher by their side. We want to make sure they instill a love of learning in children.


From DSC:
This future learning platform will also focus on developing skills and competencies. Along those lines, see:

Scale for Skills-First — from the-job.beehiiv.com by Paul Fain
An ed-tech giant’s ambitious moves into digital credentialing and learner records.

A Digital Canvas for Skills
Instructure was a player in the skills and credentials space before its recent acquisition of Parchment, a digital transcript company. But that $800M move made many observers wonder if Instructure can develop digital records of skills that learners, colleges, and employers might actually use broadly.

Ultimately, he says, the CLR approach will allow students to bring these various learning types into a coherent format for employers.

Instructure seeks a leadership role in working with other organizations to establish common standards for credentials and learner records, to help create consistency. The company collaborates closely with 1EdTech. And last month it helped launch the 1EdTech TrustEd Microcredential Coalition, which aims to increase quality and trust in digital credentials.

Paul also links to 1EDTECH’s page regarding the Comprehensive Learning Record

 

“We need more high-impact learning practices in prison” — from college-inside.beehiiv.com by Charlotte West
Internships, apprenticeships, and work learning opportunities allow incarcerated students to keep learning after they graduate.

Maine and other states like Colorado are trying to tackle this issue through internships and employment opportunities that allow incarcerated students and graduates to put their professional knowledge and skills into practice — and in some cases, earn a living wage while doing so.

Employment and professional training opportunities inside were a major theme at the 2023 National Conference for Higher Education in Prison, where 800 educators, administrators, students and alumni from dozens of prison education programs gathered in Atlanta, Georgia last week.

 

What happens to teaching after Covid? — from chronicle.com by Beth McMurtrie

It’s an era many instructors would like to put behind them: black boxes on Zoom screens, muffled discussions behind masks, students struggling to stay engaged. But how much more challenging would teaching during the pandemic have been if colleges did not have experts on staff to help with the transition? On many campuses, teaching-center directors, instructional designers, educational technologists, and others worked alongside professors to explore learning-management systems, master video technology, and rethink what and how they teach.

A new book out this month, Higher Education Beyond Covid: New Teaching Paradigms and Promise, explores this period through the stories of campus teaching and learning centers. Their experiences reflect successes and failures, and what higher education could learn as it plans for the future.

Beth also mentioned/link to:


How to hold difficult discussions online — from chronicle.com by Beckie Supiano

As usual, our readers were full of suggestions. Kathryn Schild, the lead instructional designer in faculty development and instructional support at the University of Alaska at Anchorage, shared a guide she’s compiled on holding asynchronous discussions, which includes a section on difficult topics.

In an email, Schild also pulled out a few ideas she thought were particularly relevant to Le’s question, including:

  • Set the ground rules as a class. One way to do this is to share your draft rules in a collaborative document and ask students to annotate it and add suggestions.
  • Plan to hold fewer difficult discussions than in a face-to-face class, and work on quality over quantity. This could include multiweek discussions, where you spiral through the same issue with fresh perspectives as the class learns new approaches.
  • Start with relationship-building interactions in the first few weeks, such as introductions, low-stakes group assignments, or peer feedback, etc.
 

Nearly half of CEOs believe that AI not only could—but should—replace their own jobs — from finance.yahoo.com by Orianna Rosa Royle; via Harsh Makadia

Researchers from edX, an education platform for upskilling workers, conducted a survey involving over 1,500 executives and knowledge workers. The findings revealed that nearly half of CEOs believe AI could potentially replace “most” or even all aspects of their own positions.

What’s even more intriguing is that 47% of the surveyed executives not only see the possibility of AI taking over their roles but also view it as a desirable development.

Why? Because they anticipate that AI could rekindle the need for traditional leadership for those who remain.

“Success in the CEO role hinges on effective leadership, and AI can liberate time for this crucial aspect of their role,” Andy Morgan, Head of edX for Business comments on the findings.

“CEOs understand that time saved on routine tasks can stimulate innovation, nurture creativity, and facilitate essential upskilling for their teams, fostering both individual and organizational success,” he adds.

But CEOs already know this: EdX’s research echoed that 79% of executives fear that if they don’t learn how to use AI, they’ll be unprepared for the future of work.

From DSC:
By the way, my first knee-jerk reaction to this was:

WHAT?!?!?!? And this from people who earn WAAAAY more than the average employee, no doubt.

After a chance to calm down a bit, I see that the article does say that CEOs aren’t going anywhere. Ah…ok…got it.


Strange Ways AI Disrupts Business Models, What’s Next For Creativity & Marketing, Some Provocative Data — from .implications.com by Scott Belsky
In this edition, we explore some of the more peculiar ways that AI may change business models as well as recent releases for the world of creativity and marketing.

Time-based business models are liable for disruption via a value-based overhaul of compensation. Today, as most designers, lawyers, and many trades in between continue to charge by the hour, the AL-powered step-function improvements in workflows are liable to shake things up.

In such a world, time-based billing simply won’t work anymore unless the value derived from these services is also compressed by a multiple (unlikely). The classic time-based model of billing for lawyers, designers, consultants, freelancers etc is officially antiquated. So, how might the value be captured in a future where we no longer bill by the hour? …

The worlds of creativity and marketing are rapidly changing – and rapidly coming together

#AI #businessmodels #lawyers #billablehour

It becomes clear that just prompting to get images is a rather elementary use case of AI, compared to the ability to place and move objects, change perspective, adjust lighting, and many other actions using AI.



AlphaFold DB provides open access to over 200 million protein structure predictions to accelerate scientific research. — from

AlphaFold is an AI system developed by DeepMind that predicts a protein’s 3D structure from its amino acid sequence. It regularly achieves accuracy competitive with experiment.


After 25 years of growth for the $68 billion SEO industry, here’s how Google and other tech firms could render it extinct with AI — from fortune.com by Ravi Sen and The Conversation

But one other consequence is that I believe it may destroy the $68 billion search engine optimization industry that companies like Google helped create.

For the past 25 years or so, websites, news outlets, blogs and many others with a URL that wanted to get attention have used search engine optimization, or SEO, to “convince” search engines to share their content as high as possible in the results they provide to readers. This has helped drive traffic to their sites and has also spawned an industry of consultants and marketers who advise on how best to do that.

As an associate professor of information and operations management, I study the economics of e-commerce. I believe the growing use of generative AI will likely make all of that obsolete.


ChatGPT Plus members can upload and analyze files in the latest beta — from theverge.com by Wes Davis
ChatGPT Plus members can also use modes like Browse with Bing without manually switching, letting the chatbot decide when to use them.

OpenAI is rolling out new beta features for ChatGPT Plus members right now. Subscribers have reported that the update includes the ability to upload files and work with them, as well as multimodal support. Basically, users won’t have to select modes like Browse with Bing from the GPT-4 dropdown — it will instead guess what they want based on context.


Google agrees to invest up to $2 billion in OpenAI rival Anthropic — from reuters.com by Krystal Hu

Oct 27 (Reuters) – Alphabet’s (GOOGL.O) Google has agreed to invest up to $2 billion in the artificial intelligence company Anthropic, a spokesperson for the startup said on Friday.

The company has invested $500 million upfront into the OpenAI rival and agreed to add $1.5 billion more over time, the spokesperson said.

Google is already an investor in Anthropic, and the fresh investment would underscore a ramp-up in its efforts to better compete with Microsoft (MSFT.O), a major backer of ChatGPT creator OpenAI, as Big Tech companies race to infuse AI into their applications.


 

 

More colleges are resetting tuition. Does the strategy work? — from highereddive.com by Danielle McLean
Some institutions have seen short-term enrollment gains from slashing their sticker prices, but the strategy doesn’t guarantee a turnaround.

But as more colleges take the tuition reset plunge, questions around the effectiveness of strategy remain. Some colleges have seen immediate and long-term benefits from the practice, with surging enrollments and applications. However, for many colleges, that growth tapered off over the next few years. And the resets were not enough to turn around the financial fortunes of every college.

“For some schools, they did it and maybe they were too far gone,” said Lucie Lapovsky, an economist and higher education consultant who’s worked with colleges on tuition resets. “Most of our private colleges in this country are challenged right now. It’s not easy.”


Student loan repayments have resumed. Here’s 4 charts that break down American educational debt — from cnn.com by Alex Leeds

As student loan payments resume this month, more than 43 million Americans carrying that debt saw the end of more than three years of relief from monthly payments. But the financial landscape in which they resume payments has shifted.

Researchers are still working to understand the impact that the pause had on borrowers’ finances, said Jonathan Glater, a professor at Berkeley Law and co-founder of the Student Loan Law Initiative.

“People who are precarious at the outset…will also be financially more precarious when the payment obligations resume,” Glater said.

Since 2003, student debt has been the fastest-growing form of household debt, increasing more than 500% over the two decades, far more than increases in mortgage and auto debt that occurred over the same period, according to data from the New York Federal Reserve Bank.

 
© 2024 | Daniel Christian