Presentation on theme: "Another Way to Win Challenges, Options and Choices in Post Secondary Education Another Way to Win Challenges, Options and Choices in Post Secondary Education."— Presentation transcript:
Another Way to Win Challenges, Options and Choices in Post Secondary Education Another Way to Win Challenges, Options and Choices in Post Secondary Education Michael J. Cooney Chair Wisconsin Educational Approval Board
Accessibility 40% of college freshmen need remedial work Affordability Increased need-based aid and simpler applications Accountability Voluntary reporting of cost, quality and outcomes Accreditation What is the role, function and future of accreditation Articulation When and how should credits be transferred? Higher Ed Brief:
Global Recession Looms Economist Recession is here, economist declares Boston Globe Recession here we come LA Biz Observed
U.S. Jobless Rate Hits 14-Year High New York Times Working Poor and Young Hit Hard in Downturn New York Times Steep food price increases on way, rise by 7% in 2009 Reuters
Training needs rising to fill technical jobs Unlimited need for skilled workers Theadvocate.com When The Economy Cools Off, Seats In Private Colleges Fill Up Business 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 the Publicly Traded companies has averaged about 12.5% and is on pace to grow about 14% this quartera 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 All The Real American Dream
College for All The Real American Dream Is College for All the Answer?
70% 70% National High School Graduation Rate 80% in Wisconsin 52% in the nation's 50 largest cities 52% in the nation's 50 largest cities America's Promise Alliance America's Promise Alliance
College 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 remediationnearly 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 associates degree compared to 16 percent of younger Hispanics.
College for All ROIC? Return on invested capital Graduate, Employer, Family, State, Society
Skills for All
Relevant education Relevant education Shorter training periods Shorter training periods Work ready graduates Work ready graduates High performance degrees that cant High performance degrees that cant 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 require a college degree is higher than the average income for many occupations that require a BA. Real Education Charles 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 Education Charles Murray Skills for All
How do we Close the Gap between Public Beliefs, Educational Outcomes and Employer Needs & Expectations?
Skills for All ROIC Everyone is a winner Graduate, Employer, Family, State, Society
The Career Educators Challenge The Value Proposition in Todays Economy
The Career Educators Challenge Do your graduates get jobs? The Value Proposition in Todays Economy
The Career Educators Challenge Going forward, our future is totally dependent on Total Student Engagement
The Career Educators Challenge Going forward, our future is totally dependent onSuperiorGraduateOutcomes
EAB State of Wisconsin Educational Approval Board Improving Students Lives by Ensuring Schools are Effective 40,000 Students 152 Institutions