…that doesn’t mean everyone is having an easy time of it. Some Americans feel increasingly pressured by the surge in the cost of carrying their debt. Delinquency rates on their credit card debt and auto loans are now at the highest in more than a decade.

Just a serious note of caution for you and for your future families. 


And speaking of youth and personal finances — and seeing as it’s tax time — also see:

Topic no. 501, Should I itemize?

Deductions reduce the amount of your taxable income. In general, individuals not in a trade or business or an activity for profit, may take a standard deduction or itemize their deductions.

You should itemize deductions on Schedule A (Form 1040), Itemized Deductions if the total amount of your allowable itemized deductions is greater than your standard deduction or if you must itemize deductions because you can’t use the standard deduction. You may also want to itemize deductions if your standard deduction is limited because another taxpayer claims you as a dependent. Itemized deductions, subject to certain dollar limitations, include amounts you paid, during the taxable year, for state and local income or sales taxes, real property taxes, personal property taxes, mortgage interest, disaster losses, gifts to charities, and part of the amount you paid for medical and dental expenses.

 

Edtech Unicorns Are Evolving Rather Than Disrupting — from bloomberg.com by Alex Webb

Consider Coursera Inc., the most prominent survivor of that early edtech hype. It’s now a public company, with a hefty $2.3 billion valuation. Finally, 12 years after it was founded — by, incidentally, another Google veteran in Andrew Ng — it’s set to report its first profit this year, according to analyst estimates. And the enterprise business is considerably more profitable, enjoying a 68% gross margin in 2023, compared to the consumer business’s 53% margin.

Figuring out the right match between training and utility is how several business schools seem to have developed successful online courses — which they are charging top dollar for. They’re in close contact with the sort of large corporations who hire their graduates, giving them a more intimate understanding of what those businesses seek.

Harvard Business School is one example. It made $74 million from online courses in fiscal 2022, the most recent year for which data is available

 

This week in 5 numbers: Another faith-based college plans to close — from by Natalie Schwartz
We’re rounding up some of our top recent stories, from Notre Dame College’s planned closure to Valparaiso’s potential academic cuts.

BY THE NUMBERS

  • 1,444
    The number of students who were enrolled at Notre Dame College in fall 2022, down 37% from 2014. The Roman Catholic college recently said it would close after the spring term, citing declining enrollment, along with rising costs and significant debt.
  • 28
    The number of academic programs that Valparaiso University may eliminate. Eric Johnson, the Indiana institution’s provost, said it offers too many majors, minors and graduate degrees in relation to its enrollment.

A couple of other items re: higher education that caught my eye were:

Universities Expect to Use More Tech in Future Classrooms—but Don’t Know How — from insidehighered.com by Lauren Coffey

University administrators see the need to implement education technology in their classrooms but are at a loss regarding how to do so, according to a new report.

The College Innovation Network released its first CIN Administrator EdTech survey today, which revealed that more than half (53 percent) of the 214 administrators surveyed do not feel extremely confident in choosing effective ed-tech products for their institutions.

“While administrators are excited about offering new ed-tech tools, they are lacking knowledge and data to help them make informed decisions that benefit students and faculty,” Omid Fotuhi, director of learning and innovation at WGU Labs, which funds the network, said in a statement.

From DSC:
I always appreciated our cross-disciplinary team at Calvin (then College). As we looked at enhancing our learning spaces, we had input from the Teaching & Learning Group, IT, A/V, the academic side of the house, and facilities. It was definitely a team-based approach. (As I think about it, it would have been helpful to have more channels for student feedback as well.)


Per Jeff Selingo:

Optionality. In my keynote, I pointed out that the academic calendar and credit hour in higher ed are like “shelf space” on the old television schedule that has been upended by streaming. In much the same way, we need similar optionality to meet the challenges of higher ed right now: in how students access learning (in-person, hybrid, online) to credentials (certificates, degrees) to how those experiences stack together for lifelong learning.

Culture in institutions. The common thread throughout the conference was how the culture of institutions (both universities and governments) need to change so our structures and practices can evolve. Too many people in higher ed right now are employing a scarcity mindset and seeing every change as a zero-sum game. If you’re not happy about the present, as many attendees suggested you’re not going to be excited about the future.

 

6 work and workplace trends to watch in 2024 — from weforum.org by Kate Whiting; via Melanie Booth on LinkedIn

Excerpts (emphasis DSC):

The world of work is changing fast.

By 2027, businesses predict that almost half (44%) of workers’ core skills will be disrupted.

Technology is moving faster than companies can design and scale up their training programmes, found the World Economic Forum’s Future of Jobs Report.

The Forum’s Global Risks Report 2024 found that “lack of economic opportunity” ranked as one of the top 10 biggest risks among risk experts over the next two years.

5. Skills will become even more important
With 23% of jobs expected to change in the next five years, according to the Future of Jobs Report, millions of people will need to move between declining and growing jobs.

 

Educational practices to identify and support students experiencing homelessness — from edresearchforaction.org by Alexandra Pavlakis, J. Kessa Roberts, Meredith Richards,  Kathryn Hill. &  Zitsi Mirakhur

The EdResearch for Action Overview Series summarizes the research on key topics to provide K-12 education decision makers and advocates with an evidence base to ground discussions about how to best serve students. Authors – leading experts from across the field of education research – are charged with highlighting key findings from research that provide concrete, strategic insight on persistent challenges sourced from district and state leaders.

 

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?
.

.

 

The future of learning — from moodle.com by Sonya Trivedi

Self-directed and continuous learning
The concept of self-directed and continuous learning is becoming increasingly popular, reshaping our approach to knowledge and skill acquisition in both formal education and workplace settings. This evolving landscape reflects a world where traditional career paths are being replaced by more dynamic and flexible models, compelling learners to adapt and grow continuously.

The Future of Learning Report 2022 highlights this shift, noting the diminishing concept of a ‘career for life.’ With regular job switching and the expansion of the gig economy, there is an increasing need for a workforce equipped with a broad range of skills and the ability to gain qualifications throughout their careers. This shift is underlined by learners increasingly seeking control over their educational journeys, understanding that the ongoing acquisition of knowledge and skills is essential for staying relevant in the rapidly changing world of work. Reflecting this trend, a significant portion of learners, 33%, are choosing online platforms for their flexibility and ability to cater to individual needs and schedules.

From DSC:
The next paragraph after the above excerpt says:

Much like how companies such as Uber and Airbnb have reshaped their respective industries without owning traditional assets, the future of education might see universities functioning as the ‘Netflix of learning.’ In this model, learners comfortably source their educational experiences from various platforms, assembling their qualifications to create a personalised and continuously evolving portfolio of skills??.

But I don’t think it will be universities that function as the “Netflix of learning” as I don’t think the cultures of most institutions of traditional higher education can deal with that kind of innovation. I hope I’m wrong.

I think it will be a new, global, lifelong learning platform that originates outside of higher education. It will be bigger than higher education, K12, corporate training, or vocational training — as such a 21st-century, AI-based platform will offer all of the above and more.

Learning from the living AI-based class room


Slow Shift to Skills — from the-job.beehiiv.com by Paul Fain

Real progress in efforts to increase mobility for nondegree workers is unlikely during the next couple years, Joseph Fuller, a professor at Harvard University’s business school who co-leads its Managing the Future of Work initiative, recently told me.

Yet Fuller is bullish on skills-based hiring becoming a real thing in five to 10 years. That’s because he predicts that AI will create the data to solve the skills taxonomy problem Kolko describes. And if skills-based hiring allows for serious movement for workers without bachelor’s degrees, Fuller says the future will look like where Texas is headed.


Report: Microcredentials Not a Strategic Priority for Many Colleges — from insidehighered.com by Kathryn Palmer
A new report finds that while most colleges surveyed embrace alternative credentials, many have a decentralized approach for creating and managing them.

While the majority of colleges focused on online, professional and continuing education have embraced alternative credentials, a significant number of those institutions haven’t made them a strategic priority.

That’s one of the key takeaways from a new study released Monday by UPCEA, the organization previously known as the University Professional and Continuing Education Association. University Professional and Continuing Education Association.

“While a lot of institutions want this, they don’t necessarily all know how” to deliver alternative credentials, said Bruce Etter, UPCEA’s senior director of research and consulting. “Embracing it is great, but now it needs to be part of the strategic plan.”


The Higher Learning Commission’s Credential Lab — from hlcommission.org

HLC’s Credential Lab


10 higher ed trends to watch in 2024 — from insidetrack.org by

Trend 1.
Linking education to career paths

Trend 2.
Making sense of the AI explosion

Trend 3.
Prioritizing mental health on campus

…plus 7 other trends


North Carolina’s Community Colleges Make a Big Bid to Stay Relevant — from workshift.opencampusmedia.org by Margaret Moffett
The system is poised to ask state legislators to overhaul its funding formula to focus on how well colleges prepare students for high-demand, well-paying jobs.

The new formula would pay a premium to each college based on labor-market outcomes: the more students enrolled in courses in high-demand, high-paying workforce sectors, the more money the college receives.

Importantly, the proposed formula makes no distinction between curricular courses that count toward degree programs and noncredit continuing education classes, which historically offer fewer slots for students because of their lower FTE reimbursement rates.



Supporting Career and Technical Education — from bloomberg.org via Paul Fain

The American job market is changing. A high school diploma is no longer a ticket to a good job now, an increasing number of employers are offering “middle-skill jobs” that require more than a high school diploma but less than a bachelor’s degree. Industries like health care, IT, advanced manufacturing, and financial services continue to see sustained growth at all levels, and they need workers with the experience and the credentials to fill new positions. Bloomberg Philanthropies is investing in programs that help young people get the specialized training they need through internships, apprenticeships, academics, and work-based learning.

 

Microsoft New Future of Work Report 2023 — from microsoft.com by various authors; via Stefan Bauschard

Throughout 2023, AI and the future of work have frequently been on the metaphorical – and often literal – front page around the world. There have been many excellent articles about the ways in which work may change as LLMs are increasingly integrated into our lives. As such, in this year’s report we focus specifically on areas that we think deserve additional attention or where there is research that has been done at Microsoft that offers a unique perspective. This is a report that should be read as a complement to the existing literature, rather than as a synthesis of all of it.

This is a rare time, one in which research will play a particularly important role in defining what the future of work looks like. At this special moment, scientists can’t just be passive observers of what is happening. Rather, we have the responsibility to shape work for the better. We hope this report can help our colleagues around world make progress towards this goal.
.

Microsoft New Future of Work Report 2023

Excerpt:

Analyzing and integrating may become more important skills than searching and creating 
With content being generated by AI, knowledge work may shift towards more analysis and critical integration

  • Information search as well as content production (manually typing, writing code, designing images) is greatly enhanced by AI, so general information work may shift to integrating and critically analyzing retrieved information
  • Writing with AI is shown to increase the amount of text produced as well as to increase writing efficiency (Biermann et al. 2022, Lee et al 2022)
  • With more generated text available, the skills of research, conceptualization, planning, prompting and editing may take on more importance as LLMs do the first round of production (e.g., Mollick 2023).
  • Skills not directly to content production, such as leading, dealing with critical social situations, navigating interpersonal trust issues, and demonstrating emotional intelligence, may all be more valued in the workplace (LinkedIn 2023)
 

Nearly half of companies say they plan to eliminate bachelor’s degree requirements in 2024 — from highereddive.com by Carolyn Crist
Many employers are dropping degree requirements to create a more diverse workforce and increase job candidate numbers, survey results show.

Forty-five percent of companies plan to eliminate bachelor’s degree requirements for some positions in 2024, according to a Nov. 29 report from Intelligent.com.

In 2023, 55% of companies removed degree requirements, particularly for entry-level and mid-level roles, the survey shows. Employers said they dropped these requirements to create a more diverse workforce, increase the number of applicants for open positions and because there are other ways to gain skills.


Fitch Ratings issues deteriorating outlook for higher ed in 2024 — from highereddive.com by Natalie Schwartz
The credit ratings agency cited high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.

Dive Brief:

  • Fitch Ratings issued a deteriorating outlook Monday for U.S. colleges and universities in 2024, citing high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.
  • These challenges will limit colleges’ financial flexibility next year, according to the credit ratings agency. Moreover, Fitch analysts expect only a 2% to 4% uptick in colleges’ net tuition revenue and said tuition increases likely cannot counter rising operating expenses.
  • The outlook expects the divide to grow between large selective colleges and their smaller, less selective counterparts. “Flagship schools and selective private institutions are expected to experience relatively steady to favorable enrollment, while some regional public institutions and less-selective private schools in competitive markets have experienced declines,” according to the analysis.

Credit rating agencies split on higher ed outlook in 2024 — from highereddive.com by Jeremy Bauer-Wolf
S&P argues economic conditions will stress regional institutions, though Moody’s says the sector is stable overall.

Dive Brief:

  • Two credit rating agencies are somewhat divided in their outlooks for U.S. higher education in 2024, with one arguing the sector has stabilized, while the other forecasts tough economic conditions for less selective, regional colleges.
  • Revenue growth from sources like tuition and state funding looks promising, Moody’s Investors Service argued in an analysis Thursday. S&P Global Ratings, however, said Thursday that only highly selective institutions will enjoy student demand and healthy balance sheets. Their less selective counterparts face enrollment declines and credit pressures in turn, S&P said.
  • Both organizations agreed that labor shortages and similar challenges will squeeze colleges next year. Higher ed is contending with a boom in union activity, while widespread faculty tenure “remains a unique sector risk, limiting budget and operating flexibility,” Moody’s said.

 

 

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.

 

How Have Schools Improved Since the Pandemic? What Teachers Had to Say — from the74million.org by Cory Beets
Educator’s view: In technology, mental health, and nurturing and solutions-oriented environments, COVID provided lessons schools have taken to heart.

In doing research for my Ph.D. program, I sought out the perspectives of five teachers through informal conversations about how schools have improved since the pandemic. Four themes emerged.

From DSC:
To add another positive to the COVID-19 picture…

Just like COVID-19 did more for the advancement of online learning within our learning ecosystems than 20+ years of online learning development, COVID-19 may have done more to move our younger learners along the flexibility route that will serve them well in their futures. That is, with today’s exponential pace of change, we all need to be more agile and flexible — and be able to reinvent ourselves along the way. The type of learning that our K-12ers went through during COVID-19 may have been the most helpful thing yet for their future success and career development. They will need to pivot, adapt, and take right turn after right turn. 

 

Michigan may lift 9-month wait period, pay retirees amid teacher shortage — from mlive.com by Jordyn Hermani

After barring educators from returning to Michigan schools in any capacity for nine months following their retirement, the state legislature is looking to lift the ban and pay some returnees up to $30,200 in the process.

Under House Bill 4752, lawmakers would amend the state’s public school retirement act to allow retirees to work for schools while continuing to receive their pensions and other retirement benefits, such as health care.

 

 

A Guide to Finding Housing For The Previously Incarcerated — from todayshomeowner.com by Alexis Bennett & Alexis Curls

For many individuals stepping back into society after incarceration, finding a stable place to call home can be complicated. The reality is that those who have been previously incarcerated are almost 10 times more likely to face homelessness compared to the general public. With over 725,000 people leaving state and federal prisons each year, the quest for housing becomes not only a personal challenge but a broader societal concern. Stable housing is crucial for successful reintegration, providing a foundation for building a new chapter in life. In this article, we’ll shed light on the challenges and offer empowering resources for those on their journey to find housing after prison.

Table of Contents

  • Understanding the Housing Landscape
  • Utilizing Support Services
  • Creating a Housing Plan
  • Securing and Maintaining Housing
  • Continuing Personal Growth and Reintegration
  • Conclusion

From DSC:
I’m posting this in the hopes that this information may help someone out there. Also, my dad used to donate some of his time in retirement to an agency that helped people find housing. He mentioned numerous times how important it was for someone to have a safe place to stay that they could call their own.


 

From DSC: If this is true, how will we meet this type of demand?!?

RESKILLING NEEDED FOR 40% OF WORKFORCE BECAUSE OF AI, REPORT FROM IBM SAYS — from staffingindustry.com; via GSV

Generative AI will require skills upgrades for workers, according to a report from IBM based on a survey of executives from around the world. One finding: Business leaders say 40% of their workforces will need to reskill as AI and automation are implemented over the next three years. That could translate to 1.4 billion people in the global workforce who require upskilling, according to the company.

 

The Mass Exodus of Teachers — from educationoneducation.substack.com by Jeannine Proctor
Understanding Why Educators Are Fleeing the Classroom and How to Bring Them Back

Stemming the tide will require nuance, empathy, and listening to what teachers say they need. While pay raises are indispensable, they alone won’t be enough. Districts must take an integrated approach that also addresses unmanageable workloads, lack of resources, and toxic school cultures.

Some best practices include utilizing multi-classroom teaching models, providing duty-free “coverage” periods, and hiring support staff to shoulder non-instructional burdens. Investing in mentoring and leadership opportunities can stem the turnover of principals and administrators too. Public recognition and appreciation can also go a long way.

Most importantly, we must work to restore teacher well-being, purpose, and passion.

From DSC:
The primary things that would help this very troubling situation:

  • provide higher salaries
  • deal with unreasonable workload expectations
  • address a lack of teacher well-being.

California’s dramatic jump in chronically absent students part of a nationwide surge — from edsource.org by Betty Marquez Rosales, Millika Seshadri, and Daniel J. Willis

Dee’s analysis found that since the pandemic the number of students who were chronically absent nearly doubled to about 13.6 million, with 1.8 million of them in California.

Compared with before the pandemic, Dee found that about 6.5 million additional students became chronically absent in 2021-22, including more than 1 million in California.


Daily Briefing: Dual enrollment for every 9th grader? — from chronicle.com by Rick Seltzer

The idea of default is also an important idea. If we do it by invitation, what we have noticed is that those who know about it know to say yes to the invitation. If it is a default schedule, and then you have to opt out, then our ability to address equity and enrollment for our low-income students and students of color, it makes us much more successful.


These would-be teachers graduated into the pandemic. Will they stick with teaching? — from hechingerreport.org by Nirvi Shah
We tracked down nearly 90 members of the University of Maryland College of Education’s 2020 class. Their experiences suggest the field isn’t doing enough to adapt to a new, more difficult era for educators

The number of people studying for careers in education has been declining for years. At the same time, schools have struggled to hold on to new teachers: Studies indicate that about 44 percent of teachers leave the profession within their first five years.

Then the pandemic came along, hammering teachers and the profession as a whole.

“The first three years of teaching are really, really hard even in a perfect school system,” said Randi Weingarten, president of the American Federation of Teachers. So for teachers who entered the teaching profession at any point during the pandemic, “this has been a helluva ride.”


As Back-to-School Costs Soar, More Parents & Teachers Turn to Charities for Help — from the74million.org by Sierra Lyons
But as the need increases, inflation makes it harder for nonprofits to meet this year’s demand.

A study from World Remit shows that the cost of school supplies in the United States has increased by over 25% compared with 2022.

Though inflation is the lowest it has been since March 2021, high prices are still stressing shoppers and increasing their reliance on local and national back-to-school drives. The nonprofit organizations that sponsor those drives, in turn, are struggling to meet the growing demand.


Excerpt from Tom Barrett’s Dialogic #329: The Transformative Power of Compassionate Leadership

 Your Next Steps: ?Commit to action and turn words into works

  • Reflect on your current leadership style and identify opportunities to incorporate more compassionate practices. Consider the Appreciative Inquiry model to guide this process.
  • Develop an empathy-driven approach to problem-solving and team dynamics, focusing on fostering a culture of understanding, collaboration, and mutual respect.
  • Revisit your feedback mechanisms and explore how they can be made more compassionate. Consider how critique can be delivered with kindness to empower, rather than tear down.

What Defines a Next-Gen High School? — from michaelbhorn.substack.com by Michael B. Horn

Against that backdrop, Ken Montgomery, co-founder of Design Tech High, known as D-Tech, and Keeanna Warren, who just became the CEO of the Purdue Polytechnic High School network, joined me to talk about their school designs, in particular the importance of:

  • helping students connect to something bigger than the school itself;
  • offering competency-based learning pathways with a transformed assessment system;
  • allowing students to find their creative purpose aligned to the common good;
  • and building a more permeable school that is connected to the community and offers a deep sense of belonging.

They also talked about the role of AI (artificial intelligence) and the anxiety that their students feel around its emergence, as well as the barriers that arise to building school models that break the traditional molds—from policy to human capital.

 
© 2024 | Daniel Christian