Another Way to

WinChallenges, Options and Choices in Post Secondary Education

Another Way to

WinChallenges, Options and Choices in Post Secondary Education

Michael J. CooneyChair

Wisconsin Educational Approval Board

AccessibilityAccessibility40% of college freshmen need remedial work40% of college freshmen need remedial work

AffordabilityAffordabilityIncreased need-based aid and simpler applicationsIncreased need-based aid and simpler applications

AccountabilityAccountabilityVoluntary reporting of cost, quality and outcomesVoluntary reporting of cost, quality and outcomes

AccreditationAccreditationWhat is the role, function and future of accreditationWhat is the role, function and future of accreditation

Articulation Articulation When and how should credits be transferred?When and how should credits be transferred?

Higher Ed Brief:

Global Recession LoomsEconomist

Recession is here, economist declaresBoston Globe

Recession here we comeLA Biz Observed

U.S. Jobless Rate Hits 14-Year High New York Times

Working Poor and Young Hit Hard inDownturn New York Times

Steep food price increases on way,rise by 7% in 2009 Reuters

Training needs rising to fill technical jobsUnlimited need for skilled workersTheadvocate.com

When The Economy Cools Off, Seats In Private Colleges Fill UpBusiness Week

OPPORTUNITY FOR THE CAREER COLLEGE

SECTOR

?

TAILWIND: Weakening economy and job markets

Enrollment growth tends to be stronger in tougher economic periods.For the previous five quarters, aggregate enrollment growth for thePublicly Traded companies has averaged about 12.5% and is onpace to grow about 14% this quarter—a three year average of less than 9%. Stifel: Education - Postsecondary Snapshot

 

HEADWIND: Challenging student funding environment

No significant impact to date

Direct Loans have increased to $10.84 billion with 1,156 colleges participating as of September 2008

However:The Pell Grant program is facing a shortfall

that may reach $6 billion.

The New Realities of Paying for College

Tough Times Strain Colleges Rich and Poor

Double-digit tuition increases sough

Colleges Consider Tuition Increases to Offset Endowment Losses

Grants, Scrutiny for Veterans Education

Colleges Struggle to Preserve Financial Aid

Students Make Seek More Loans as Savings Dwindle

U.S. Buying More Loans to Students, Cost-Wary Students Turn to Community Colleges

Does It Matter Where You Go to College?

Tight money boosts community college enrollments

Headlines reveal the current state of Higher Education

Could independent colleges be the next bubble?

Many face threats to solvency as students seek cheaper options

MSNBC

A Coming College Bubble?

College for AllCollege for All

The Real American DreamThe Real American Dream

College for AllCollege for All

The Real American DreamThe Real American DreamIs College for All the Answer?

70%70%National High School Graduation RateNational High School Graduation Rate

80%80% in Wisconsin in Wisconsin

52%52% in the nation's 50 largest citiesin the nation's 50 largest cities

America's Promise AllianceAmerica's Promise Alliance

College for AllCollege for All

90% of high school seniors expect to go to college

70% expect to work in professional jobs

67% of high school seniors go on to college

50% finish college in five or more years,many with unproductive degrees

Thus 50% fail – No skills / No degree

Plus, most all have student loans

Projections of Education Statistics to 2017 The number of bachelor's degrees awarded each year will increase by 16% from 2005–06 to 2017–18.

National Center for Education Statistics

Billions spent on re-teaching basics

The cost of remediation in public colleges exceeds $2.5 Billion every year, and some of the most motivated students require remediation—nearly four out of five remedial students had a high school grade point average of 3.0 or higher.

Diploma to Nowhere from Strong American Schools

Generational gains in higher education at standstill For the first time, young adults are at risk of finding themselves less educated than previous generations, and the gap widens when broken down by race.

Among Hispanics, 18 percent of elders have at least an associate’s degree compared to 16 percent of younger Hispanics.

College for AllCollege for All

ROIC?ROIC?Return on invested capitalReturn on invested capital

Graduate, Employer, Family, State, SocietyGraduate, Employer, Family, State, Society

Skills for All

Skills for AllSkills for All

• Relevant educationRelevant education

• Shorter training periodsShorter training periods

• Work ready graduatesWork ready graduates

• High performance degrees that can’t High performance degrees that can’t be exported be exported

• Ready to build the “enterprise value” of the Ready to build the “enterprise value” of the company. company.

“The income for the top people in a wide variety of occupations that do not requirea college degree is higher than the average income for many occupations that requirea BA.”

Real EducationCharles Murray

Skills for All

“There has never been a time in history when people with skills not taught in college have been in so much demand at such high pay as today, nor a time when the range of jobs has been so wide.”

Real EducationCharles Murray

Skills for All

Skills for All

How do we Close the Gap between

Public Beliefs,

Educational Outcomes and

Employer Needs & Expectations?

Skills for All

ROICEveryone is a winner

Graduate, Employer, Family, State, Society

The Career Educator’s Challenge

The Value Proposition in The Value Proposition in Today’s EconomyToday’s Economy

The Career Educator’s Challenge

Do your graduates get

jobs?

The Value Proposition in The Value Proposition in Today’s EconomyToday’s Economy

The Career Educator’s Challenge

Going forward, our future is totally dependent on

Total StudentTotal StudentEngagementEngagement

The Career Educator’s Challenge

Going forward, our future is totally dependent on

SuperiorSuperiorGraduateGraduate OutcomesOutcomes

EABEABState of Wisconsin State of Wisconsin

Educational Approval BoardEducational Approval BoardImproving Students’ Lives by Ensuring Schools are EffectiveImproving Students’ Lives by Ensuring Schools are Effective

40,000 Students40,000 Students152 Institutions152 Institutions