1 / 24

Private Sector College Update Sector in Transformation Future in Question 2011

Private Sector College Update Sector in Transformation Future in Question 2011. Michael J. Cooney Chair, Wisconsin Educational Approval Board mcooney@workforce-com.com. 2011 – The Year of the Great Shake Up 2012 – The Year of the Great Shake Out. Current Issues: Tuition Cost

mahogany
Download Presentation

Private Sector College Update Sector in Transformation Future in Question 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Private Sector College Update Sector in Transformation Future in Question 2011 Michael J. Cooney Chair, Wisconsin Educational Approval Board mcooney@workforce-com.com

  2. 2011 – The Year of the Great Shake Up 2012 – The Year of the Great Shake Out

  3. Current Issues: • Tuition Cost • Quality of Education • Outcomes • Transfer of Credit • Validity of Programs • Default Rates • Regulatory Environment • Gainful Employment Rule • 90 / 10 Rule • Rigorous Accreditation Standards • Net Price Calculator • State Attorney’s General Investigations • Continued Congressional investigations

  4. Validity of Outcomes Reporting

  5. The Post-Secondary Education Value Proposition is under attack as never before Go to college – live the American Dream?

  6. "Occupy the Ivory Tower” "Too many [students] have paid too much and been taught little. They've been ripped off -- but not by the banks or the fat cats or any of the other stock villains so unwelcome these days in Zuccotti Park." “The shortage of skills and knowledge necessary to compete in today’s global economy is a real and foundational danger to America's present dominance and future growth.” ACTA American Council of Trustees and Alumni

  7. College for All? • Good for the country? • Good for education? • Good for students? • Good for tax payers?

  8. College for All? $/?

  9. What is the primary function of post-secondary education ?

  10. What is the primary function of post-secondary education? Intellectual Development “…by nurturing in students the academic and civic virtues, and their related traits of character.” Williams College Workforce Development “…helping students like you achieve career success — not just for that first job out of college, but for a lifetime.” Johnson & Wales University

  11. The three purposes of the University: To providesex for the students, sports for the alumni, and parking for the faculty.” Clark Kerr First Chancellor University of California, Berkeley 1958-1967

  12. The Recession • Changed Everything • Enrollment boom • Decline of public funding • Value shift • Strategy reassessment

  13. Lack of Confidence in the future An uncertainty driven squarely by consumers and small-businesses who are worried about their short-term financial prospects. And it's been going on since well before Obama took up residence in the White House. These are enormous shifts," This kind of uncertainty -- a lack of consumer confidence -- can become a self-fulfilling prophecy. "We haven't seen stuff like this since the 1930s." Moebs Services founder & Chairman Mike Moebs

  14. Lack of Confidence in Education “People are just frozen or deferring, delaying decisions to go to school. The Average person in the U.S. has become much more risk-averse and cautious when it comes to spending or committing to anything. It’s unrealistic for us to think that education would be immune from this.” —Daniel Hamburger, CEO DeVry Inc.

  15. For-Profit Colleges' Most Recent Quarterly Enrollment and Revenue, 2011 vs. 2010 Institution % Change in New Student Enrollment in Revenue American Public University System 53% 35% Apollo Group -34% -11% Bridgepoint Education 27% 8% Capella Education -36% -3% Career Education Corp. -22% -18% Corinthian Colleges -23% -17% DeVry Inc. -12% -1% Education Management Corp. 2% 2% Grand Canyon Education, Inc. n/a 10% ITT Educational Services, Inc. -14% -10% Kaplan Higher Education -30% -33% Strayer Education, Inc. -15% -8% / Source: Stifel Nicolaus and SEC filings; most recent fiscal quarter

  16. Sector in Transformation: From voracious enrollment growth to stable, modest growth • Down sizing/slowing enrollment • Selectivity • Free trial periods • Commitment to Valid Outcomes

  17. To be competitive institutions will need to be: • Cheaper • Faster • & Better

  18. Future Vision “The next generation of education comes down to personalized success plans – digital portfolios.” “The evidence of competency and certification will come from valid, real-world accomplishments rather than simply a degree…” Rob Curtin Microsoft – U.S. Education

  19. Where the jobs are: Employment qualifications have become a process of seeking the perfect (check off all the boxes) employee. Employers have to believe in the potential of an employee.. Eric Winegardner Monster Worldwide

  20. Validation of Outcomes Is higher education worth it? How do we know? Are metrics enough? The true test of an education is the five year graduate satisfaction rate. Johnson & Wales University

  21. Validation of Outcomes Is higher education worth it? Service Learning-serves everyone. The job search / career development planning model puts the responsibility on the graduate. The “placement” model does serve either the Graduate or the institution.

  22. Validation of Outcomes Is higher education worth it? Career Self Reliance for a dramatically changing economy

More Related