- Many colleges are struggling with declining enrollment and revenue and increasing costs, calling into question the sustainability of their current business models. Senior leadership at some institutions may not fully recognize the challenges or take necessary action.
- Surveys of college administrators find lack of confidence in financial sustainability beyond 5 years for most institutions. Few are making deep cost cuts or operational changes needed.
- Distinctiveness, examining operations for efficiencies, and increased collaboration may help institutions adapt but each will need custom solutions based on their situation. The future success of many colleges is uncertain if challenges are not addressed proactively.
Universities and colleges must develop new business models to deal with scarce resources, increased demand for productivity and lower tuition, and changing demographics. This presentation to leaders in a major corporation outlines the pressures and the actions that a national higher education association is recommending to the institutions.
Presented by Patrick Lane, WICHE
This webinar focuses on why reengaging adult learners (particularly those with some college credit but no degree) is such an important part of any metropolitan strategy to increase degree attainment. With demographic and workforce projections showing that the traditional education pipeline will not provide sufficient students to meet the future needs of employers, bringing back adults who have started but not finished a postsecondary credential is crucial. In addition to focusing on the need to serve these potential students, the webinar also shares promising strategies to develop collaborative relationships with other stakeholders to increase degree attainment.
Keynote: Preparing for the unexpected, avoiding financial vulnerability - Ann...Wijzer in geldzaken
Symposium: Financial Resilience throughout Life
Keynote by Annamaría Lusardi: Preparing for the unexpected, avoiding financial vulnerability
Wednesday 20th of April 2016
Beurs van Berlage - Amsterdam
Financial Literacy for Youth - quarkyapp.comDerek Baron
Young people access banking services differently, 62% use mobile banking apps and half bank by phone. Regardless of income level, 91% of teens use the internet on a mobile device. The problem is that 18 to 24-year-olds are the fastest growing age group filing for bankruptcy. A solution would improve financial literacy in a form-factor for youth... Quarky App is a mobile app designed to connect young people with information, resources and places that can help them overcome challenges like these.
The rising cost of college is spurring many young adults to re-evaluate their post-secondary education options. See what Millennials are saying about it.
https://www.juniorachievement.org/web/ja-usa/critical-issues
Universities and colleges must develop new business models to deal with scarce resources, increased demand for productivity and lower tuition, and changing demographics. This presentation to leaders in a major corporation outlines the pressures and the actions that a national higher education association is recommending to the institutions.
Presented by Patrick Lane, WICHE
This webinar focuses on why reengaging adult learners (particularly those with some college credit but no degree) is such an important part of any metropolitan strategy to increase degree attainment. With demographic and workforce projections showing that the traditional education pipeline will not provide sufficient students to meet the future needs of employers, bringing back adults who have started but not finished a postsecondary credential is crucial. In addition to focusing on the need to serve these potential students, the webinar also shares promising strategies to develop collaborative relationships with other stakeholders to increase degree attainment.
Keynote: Preparing for the unexpected, avoiding financial vulnerability - Ann...Wijzer in geldzaken
Symposium: Financial Resilience throughout Life
Keynote by Annamaría Lusardi: Preparing for the unexpected, avoiding financial vulnerability
Wednesday 20th of April 2016
Beurs van Berlage - Amsterdam
Financial Literacy for Youth - quarkyapp.comDerek Baron
Young people access banking services differently, 62% use mobile banking apps and half bank by phone. Regardless of income level, 91% of teens use the internet on a mobile device. The problem is that 18 to 24-year-olds are the fastest growing age group filing for bankruptcy. A solution would improve financial literacy in a form-factor for youth... Quarky App is a mobile app designed to connect young people with information, resources and places that can help them overcome challenges like these.
The rising cost of college is spurring many young adults to re-evaluate their post-secondary education options. See what Millennials are saying about it.
https://www.juniorachievement.org/web/ja-usa/critical-issues
College Can Be Expensive - How Do You Pick the Right One?PayScale, Inc.
These days, college students have more to worry about than what classes to take next semester. Rising tuition expenses, mountains of debt, and the not-so-sunny outlook on the employment prospects of many popular career choices have increased the importance for both parents and future college students to examine their choices more thoroughly than ever before. Before mailing in the applications, use the available data wisely: research which majors have the most potential, and, more importantly, study each school’s return on investment—which is what, ultimately, you’ll earn back from your degree.
US University Endowments | Aranca Articles and PublicationsAranca
US university endowment funds have performed robustly over the last ten years where Yale, Columbia, and Princeton universities remained the top performers. Learn more about asset allocation, fund, size & performance of US university endowments.
A list of reasons higher education institutions struggle financially - debt, enrollment, housing, operational expenses, tuition discounts, Covid expenses, and more.
During the Emerging Leaders Seminar for Entrepreneurship & Innovation our group was tasked with developing an idea that would increase access and exposure to higher education for underserved communities. The following presentation was the solution we presented to Yale faculty.
A postsecondary degree is often held up as the one sure path to financial success. But is that true regardless of institutional quality, discipline studied, or individual characteristics? Is a college degree always worth the cost? Students deciding whether to invest in college and what field to study may be making the most important financial decision of their lives. The return to education varies greatly by institutional quality, discipline, and individual characteristics. Estimating the returns for as many options as possible, and making that information as transparent as possible, are paramount in helping prospective students make the best decision.
College Can Be Expensive - How Do You Pick the Right One?PayScale, Inc.
These days, college students have more to worry about than what classes to take next semester. Rising tuition expenses, mountains of debt, and the not-so-sunny outlook on the employment prospects of many popular career choices have increased the importance for both parents and future college students to examine their choices more thoroughly than ever before. Before mailing in the applications, use the available data wisely: research which majors have the most potential, and, more importantly, study each school’s return on investment—which is what, ultimately, you’ll earn back from your degree.
US University Endowments | Aranca Articles and PublicationsAranca
US university endowment funds have performed robustly over the last ten years where Yale, Columbia, and Princeton universities remained the top performers. Learn more about asset allocation, fund, size & performance of US university endowments.
A list of reasons higher education institutions struggle financially - debt, enrollment, housing, operational expenses, tuition discounts, Covid expenses, and more.
During the Emerging Leaders Seminar for Entrepreneurship & Innovation our group was tasked with developing an idea that would increase access and exposure to higher education for underserved communities. The following presentation was the solution we presented to Yale faculty.
A postsecondary degree is often held up as the one sure path to financial success. But is that true regardless of institutional quality, discipline studied, or individual characteristics? Is a college degree always worth the cost? Students deciding whether to invest in college and what field to study may be making the most important financial decision of their lives. The return to education varies greatly by institutional quality, discipline, and individual characteristics. Estimating the returns for as many options as possible, and making that information as transparent as possible, are paramount in helping prospective students make the best decision.
DEMAND AND SUPPLY - Must be plagiarism free and 100 originalUsi.docxsimonithomas47935
DEMAND AND SUPPLY - Must be plagiarism free and 100% original
Using the firm used previously, read more about supply and demand from the Background material and address the following questions in a 3- to 4-page essay, APA format.
1. What good or service does your firm produce?
2. What are some factors that would cause a change in demand for this good/service?
3. Give some examples of changes in supply in the context of your good.
4. How has the market changed for the firm's particular good/service the past few years? For instance, what effect has technology had on the product? Does your firm now face more or less competition?
Assignment Expectations – ONLINE RESOURCES with Links ONLY
Use concepts from the modular background readings, as well as any good-quality resources you find from the Trident online library or other Internet search engines. Be sure to cite all sources within the text and provide a reference list at the end of the paper.
Length: 3-4 pages, double-spaced and typed.
The following items will be assessed:
· Your ability to perform an economic analysis of a firm of your own choice.
· Some in-text references to the modular background materials (APA formatting not required).
· The essay should address each element of the assignment. Remember to support your answers with solid references.
Economic Concepts: Demand, Supply, and Elasticity, Podcast. http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12262
Economic Concepts: Demand, Supply, and Elasticity, Interactive Tutorial. http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12226
Society and Education
Unit 3
Week of November 6
1
July 17, 2015
education.temple.edu
Outcomes for Today
Review the impact of higher education on society.
Review college access and affordability.
July 17, 2015
education.temple.edu
2
Unit 3
Society and Education
Opening Question
Why should you go to college?
6 Key Findings about Going to College
College education is worth more today.
What is the difference between a college graduate and high school graduate in 1965?
What is the difference between a college graduate and high school graduate in 2013?
6 Key Findings about Going to College
College benefits go beyond earnings.
6 Key Findings about Going to College
College grads are more satisfied with their jobs.
The cost of not going to college has risen.
College grads say college is worth it.
Should Everyone Go to College
Should Everyone Go to College
Activity
You have been tasked by Temple University to present at a nationwide meeting about a college education. You have to convince the thousands of people in attendance why everyone should or should not go to college.
In groups of four-six, decide what you are trying to fight for. Create a compelling three minute argument on your stance. You will present to the class.
Should Everyone Go to College
Rate o.
Respondents in a 2017 Gallup poll said they have little confidence in the public schools today with only 36 percent having a “great deal” or “quite a lot” of confidence in the schools. While the rising tide of mediocrity so often mentioned in educational research pushes for more funding— smaller class sizes and higher teacher salaries, this research and that of others shows money may not be the leading factor in success in a scholastic media environment. When 310 of the most successful scholastic broadcast, yearbook, newspaper and online programs were examined, the qualifications of the teachers, the location of the school and the racial diversity of the school were more likely to predict success than per pupil revenues or low student/teacher ratios.
A College Education Has Become An Essential Part Of The American Dreamnoblex1
A college education has become an essential part of the American Dream for millions of families. Indeed, extensive polling and focus group research conducted by our coalition of higher education associations in the last year clearly demonstrates that the public overwhelmingly believes higher education is vitally important for personal success. Furthermore, they believe that all children should have the chance to attend postsecondary education and, despite the high price, that college is a "good value" for the money.
On the other hand, the public also is greatly concerned about the affordability of higher education, believes it is too expensive, and thinks that the price can be brought down without affecting academic quality. The public vastly overestimates the price of higher education at all types of colleges and dramatically underestimates the amount of financial aid that is available to help meet college bills. They don't know where student aid comes from or how to apply for it. Nor does the public understand why college prices increase. Most worrisome, perhaps, they think college leaders are indifferent to their concerns about the price of attending college. Our research also demonstrates that Americans worry about financing a college education. The lack of knowledge about paying for college is most acute among at-risk populations — first-generation college students, low-income families, and members of minority groups.
The great divergence between the value that the public places on having access to higher education and the lack of information they have about what it costs and how to afford it — what we call "the knowledge gap" — is deeply troubling. No one with a commitment to higher education can be satisfied with the news that the public is so poorly informed about issues of choice and access. It is surely a danger signal that the public believes college officials are indifferent to their fears about being able to afford a postsecondary education for their children.
THE NEED FOR A NATIONAL COALITION
What can be done? We believe that two related steps are absolutely essential. First, colleges and universities must redouble their efforts to explain college costs, the prices that students are charged, the amount and sources of financial aid that are available, and the options for financing a college education. We must reach out to a broad range of business, community, and religious organizations and solicit their support in improving public understanding.
Second, and no less important, colleges and universities must take strong steps to manage and contain costs, share innovative and successful cost management strategies, expand efforts to explain why costs increase on campuses, and talk candidly about the steps that have been taken to reduce costs and improve efficiency.
Source: https://ebookschoice.com/a-college-education-has-become-an-essential-part-of-the-american-dream/
"Enrollment Management," presented by Dennis Pruitt at the College Business Management Institute, 2016
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Through our team of experts, the Division of Student Affairs and Academic Support enrolls academically prepared students and connects them with experiences and resources that will help them achieve a lifetime of meaningful leadership, service, employment and continued learning. Learn more at sc.edu/studentaffairs.
What Next ? - The future of higher EducationMahavir Pati
This presentation explores the future trends in Education, The skills that will be important in Future and some revolutionary and cutting edge developments in the Domain of Higher Education
1. Enrollment as a Lens on Higher Education
Our Opportunity and Our Imperative
Dan Lundquist: founder, Education Consultancy; former college vice president
2. What Are They Saying On Your Campus?
• “We are doing alright.”
• “There are many challenges but we are
holding our own.”
OR
• “What can we do to be better?”
• “Do we have a sustainable business model?”
Denial and hubris are powerful: they drive
illusory tactics designed to “steal market share”
so someone else will be the loser.
3. Situation Analysis 2014
• Price tags continue to increase fueling anxiety
• But there are fewer college-ready students from
families who are able or willing to pay
• Though they see the value of a college education,
families hedge more (negotiate and borrow) and will
“settle” for a second-choice college if it saves them
money (up front in tuition or longer-term in loans)
4. Situation Analysis 2014
• 61 percent of colleges didn’t meet goals by May 1
(up from 60 percent a year ago)
– 71 percent of private bachelor’s institutions didn’t
meet goals by May 1 (up from 59 percent a year
ago).
• 32 percent of all institutions – in violation of
NACAC’s principles of good practice – reported
recruiting students after May 1 who committed to
other institutions (up from 29 percent last year).
• SO expenditure/revenue tensions rise…for colleges
and for families
6. Situation Analysis 2014
• Education (and credentialing) is “evergreen” and can't be
killed.
– Its importance and value are inherent parts of society; and given
structure in the form of highered institutions BUT… the past
two decades of increasing demand and price elasticity have led
to some purposefully inefficient practices most can no longer
afford
– If allowed to continue with what are viewed as outmoded
policies and practices the structure be driven to change by
market forces (consumer choice) and regulation (government
policy)
• Kodak presumably had more business savvy than highered
and look what happened to them.
12. Attributes that will effect affluent families to
consider a college that’s not the first choice
In a Fall, 2012 survey, 1270 Parents and 1200 Students from affluent families
(AGI $100K-$250K+) indicate top two reasons to “downgrade” are cost-related
Source: Cappex July 2012 Survey: N= 1,270 Parents and
1,200 Students; Affluent income: $100k to more than $250k
17. Future Check:
from unwilling to unable to priced-out in a generation
Why should we all care and why should we be sounding the
alarm on campus?
• Across the affluence spectrum, ability and willingness to pay
is decreasing at best.
• As ability to pay increases, willingness to pay decreases:
– more and more students are going to their “second choice”
colleges because of cost.
• If the more-affluent current parents are balking at paying
today’s costs what will the next generation of parents do?
– …the first American generation pundits predict less well off than
their parents….
• The next cohort of less-affluent parents will have an even more
difficult time paying if college prices freeze today.
19. Inside Practitioners’ Views
1) NYSACAC member survey, September, 2014
2) Chief Business & Financial Officers’ views, 2014
3) College Presidents’ views, 2014
4) AGB Report, 2014
20. What Recruiters Say
82 responses, 28% of highered registrants at
Annual NYS Admissions Conference, 2014
21. Do you have confidence in your
institution's sustainability?
0
5
10
15
20
25
30
35
40
highly confident guarded optimism unsure/hopeful concerned downright worried
22. Do you feel the senior leadership's vision
and action support future success?
0
5
10
15
20
25
30
35
40
45
50
Yes, they get it and are
leading appropriate
change
Yes, they have potential
but seem hesitant to
take action
I do not know and that
concerns me
No, I do not have as
much confidence in
senior management as I
would like
23. The 2014 CFO Surveys
conducted by Gallup and Inside Higher Ed
SUSTAINABILITY
• Just over one in four business officers (27 percent)
strongly agree they are confident about the sustainability
of their institution’s financial model over the next five
years; fewer (13 percent) strongly agree their model is
sustainable over 10 years.
24. The 2014 CFO Surveys
BUSINESS MODEL and OPERATIONS
• Just 4 percent of business officers responding strongly agree that
the business model of for-profit universities is sustainable; over half
(51 percent) say the same about elite private universities.
• Enrollment: Most business officers (92 percent) say retaining
current students is a very important strategy to increase revenue in
the near future.
• Efficiency: Many business officers (45 percent) say that using
business analytics technology to evaluate programs and identify
problems/potential improvements is a very important strategy for
reducing operating expenses at their institution. But fewer than half
say their institution has the program and performance data and
information it needs to make informed decisions.
25. 2014 Colleges & University Presidents’ Survey
conducted by Gallup and Inside Higher Ed
• 70% of presidents said their institutions would face budget
shortfalls and increased competition for students this year, in a
climate of cutbacks of state and federal aid.
– But fewer than 30% said they expected to take the sort of strong
actions – cutting administrative positions, freezing salaries, changing
faculty roles or teaching loads – that would suggest deep concern, let
alone panic, about their institutions' financial futures.
• Nearly two-thirds of presidents are confident about the
sustainability of their institution’s financial model over the next five
years -- but that proportion falls to half over 10 years.
26. AGB Report, November 6, 2014
• Inattentive college and university governing boards are putting
American higher education at risk
• The commission said the highered environment is rapidly
changing, yet boards function as they have for decades and
even then disagree with or misunderstand what they ought to
be doing.
• “If there’s an underlying theme to the report it was that in
some ways the business model of higher education is
breaking”
27. Where Solutions Will Be Found:
• DISTINCTIVENESS: not only having special value but having your value
KNOWN and APPRECIATED
• OPERATIONS: 85% see serious sustainability challenges yet fewer than a
third are doing anything about this (per KPMG).
– EXAMINE, AFFIRM or CHANGE your business models (cost overhead,
mergers, etc.) prioritize what's important, cost it out, match against realistic
revenue, draw a line and eliminate below-the-line.
– Sacred Cows (tenure, course loads, health care, TIAA, B&G, academic and
extracurricular programs, etc.) will kill us.
• Highered may be “evergreen” but very few individual institutions are!
• COLLABORATION: call it getting rid of silos or creating synergy, no
institution is optimized… insist for on-going efforts and culture change.
28. How Solutions Will Be Driven:
• There are no universal Silver Bullets
• Each campus culture and college market position is unique,
requiring custom intel garnered from our experience
• Who better than vested “owner-operators” to bring data and insist
that acknowledging reality is not a lowering of ambitions?
• There will be winners and losers in the years ahead, and the
“winners” will be those who proactively adapted – not panicked or
capitulated – early.
• The AGB report should be heeded: there is always more room to
strategically maneuver now than later