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
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