the future of college
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and What It Means for Students . The Future of College. Jeffrey Selingo | September 2013 . @ jselingo. The Higher Ed Industry. | 5,300 colleges & universities in the U.S. | $490 billion in annual revenues | Employ 3.5 million people | Hold $990 billion in assets . 1. - PowerPoint PPT PresentationTRANSCRIPT
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The Future of College
Jeffrey Selingo | September 2013 @jselingo
and What It Means for Students
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The Higher Ed Industry| 5,300 colleges & universities in the U.S.
| $490 billion in annual revenues
| Employ 3.5 million people
| Hold $990 billion in assets
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Rising Tuition, Flat Income
1
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4
2 Fewer Full Paying Students
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Sea of Red Ink3$307,000,000,000Amount of debt taken on by colleges, which has almost doubled just since 2001.
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The Major Chase 4| 2 out of every 5 majors today didn’t exist in 1990
| 20% increase in majors since 2000
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Source: Rasmussen Reports
The Value Gap5
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400K4 in 5Students drop out of college annually
33%Transfer Drop outDrifting
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An Unbound Future
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The only really necessary people
in the publishing process now are the writer and the reader. Everyone who stands between
those two has both risk and opportunity.-Russell Grandinetti
Vice President, Amazon
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Jose Jaimes
The Swirl
U of Florida
Valencia College
U of Central Florida
Bachelor’s Degree
23% of community college students today come from households earning $100K+
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Jennifer Black
Mixing Mediums Face-
to-Face
Online HybridDegree in 4 years
Jennifer took ¼ of her courses online or in hybrid format
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Sheryl Schuh
Competency Based
U of Wisconsin, Northern Arizona U, and U of Southern New Hampshire launched
competency-based programs in 2013
Shortest class: 2 weeks
Longest class: 14 weeks
Tuition $18,000 TOTAL
BA in 2 years
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33 partners2M students
20 partners500K students
Sam Romano
Bypassing the Degree
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33 partners2M students
20 partners500K students
Sam Romano
Bypassing the Degree
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Insti One reservation
Many airlines One ticket
F One admission
Many colleges
One transcript/p
ortfolio
Structured Pathways
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CollegeHigh School
Transition to Work
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How should I value the traditional
campus experience?
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Making the Match
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9 in 10 students want an interesting major no matter “how practical it is”1 in 4 freshmen change their majorRise in double majors
Sources: UCLA Higher Education Research Institute; “Double Majors: Influences, Identities & Impacts.”
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Dive deep into a research project2Seek passionate faculty1
Be creative. Take Risks. Learn how to fail.4Go on a global experience3
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President’s College Scorecard“Parents and students can
use to compare schools based on a simple criteria:
where you can get the most bang for your educational
buck.”-President Obama, 2013 State of the
Union address
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What is your ROI?| What is grad rate for students like you?
| How many first-year students return for their second semester?
| What is the job placement rate?
| Where are last year’s grads working? 5 years ago? 10 years ago?
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President’s College Scorecard
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College Reality Check
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State Employment Records
ArkansasColoradoTennesseeTexasVirginia
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How mobile are the credits?| What is the % of students who transfer?
| What % of credits does college accept? Why does it deny?
| Would the college accept MOOC credits?
| Does college have partnerships with other schools to accept credits?
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How tech-savvy is the college?
| Can students take a variety of formats, online and hybrid?
| Do professors ‘flip the classroom’?
| Is adaptive learning technology used?
| Does college use open courseware?
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What are the college’s priorities?
| What % of students get A’s? B’s?
| What is the % of full-time faculty? What % of first-year classes do they teach?
| % of classes with more than 40 pages of reading/week and 20 pages/semester?
| Does college use CLA?
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Does college prepare for 5th job?
| Do students participate in undergrad research projects?
| How many students participate in internships or field work?
| What % of students study abroad?
| % of students with double majors?
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What is college’s financial health?
| What is the discount rate?
| Has the college made its enrollment target in recent years?
| What is the college’s bond rating?
| How much debt has the college taken on?
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Can you compare aid offers?| What is % of graduates with debt? What is the average debt?
| What is the average parent debt?
| When do applicants find out about aid? Ask for a sample aid letter
| What is % of grads who owe >$30K?
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