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Surviving in the New Economic Reality

Surviving in the New Economic Reality. Roger J. Williams, Executive Director ACCET November 2009. Where Have We been. Scandals/Newspaper Stories/Congressional Hearings (aftermath of the 80’s and early 90’s) Exposures :

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Surviving in the New Economic Reality

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  1. Surviving in the New Economic Reality Roger J. Williams, Executive Director ACCET November 2009

  2. Where Have We been . . .

  3. Scandals/Newspaper Stories/Congressional Hearings • (aftermath of the 80’s and early 90’s) • Exposures: • false advertising, low standards, low completion rates, no jobs and high default rates.

  4. Actions: • 1992 HEA: scrutiny of accrediting agencies • 1998 HEA: measurable outcomes for vocational certificate programs Issues: • national agencies/proprietary sector revise standards, policies and procedures emphasizing outcome measures/monitoring • independent of trade associations

  5. Where We Are Today . . .

  6. Increased credibility/muted newspaper stories/congressional hearings/active voice Exposure: • aggressive sales and incentive payments • rising default rates

  7. Actions: • 2008 HEOA: Negotiated Rulemaking (spring 2009) • regional accreditation/traditionals on defense • national accreditation/proprietaries on offense Issues: • student achievement – changes to recognition • few revisions for national accreditation • transfer of credit – minimal progress • teach-out plans – mandated • due process/appeals – the obvious required but cluttered with new role of appeals panels • monitoring growth – agencies required to collect/evaluate annual headcount

  8. Where Does Our Future Take Us . . .

  9. Opportunity/Growth/Shooting Ourselves in the Foot Exposure: • aggressive sales and rapid growth beyond capacity and job market opportunities • default rates climbing

  10. Actions: • HEOA Accreditation Regulations effective July 1, 2010 • New NegReg issues: safe harbors; definition of credit hour; contractual agreements; SAP all under scrutiny Issues: • Modulating growth to match job market opportunities? • Completion rate emphasis – potential risk? • Default rates direct correlation to drop outs • Focus on long-term success of proprietary education: flexible, adaptive, results oriented, cost and time effective

  11. Questions / discussion . . .

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