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Showing posts with the label cost of education

Study: Three-Year Degrees Need Work

Three-year bachelor’s programs may be one way to reduce the overall cost of higher education while moving students into the workforce faster, according to a new study by the Progressive Policy Institute (PPI). PPI identified 32 institutions that were already offering bachelor’s degrees in three years but claimed all the programs deserved an “F” grade. “That’s because,” said the study report, “with the exception of a handful of schools such as Southern Oregon University, most are merely four-year programs squeezed into a three-year window.” The study recommended that three-year programs reduce the number of general and liberal-arts courses required so that most of a student’s time can be devoted to in-depth work in one or two subjects. That’s how many European universities structure their three-year degrees. To that end, the study said, students should also be required to declare a major or concentration as an entering first-year student, although allowed to switch later if they choose...

Brown Programs Fill Gap for Books, Food

Some college students with limited funds are forced into a no-win choice: buy course materials or buy food. Some don’t have the money for either. Two new programs at Brown University aim to resolve that dilemma for the lowest-income students. Up to now, noted a report in University Business , students on financial aid were expected to pick up meal costs out of earnings from work-study or summer jobs. However, a working group exploring why some students couldn’t afford to buy their textbooks found that these jobs sometimes didn’t pay enough to cover both food and books. Starting with the 2018-19 academic year, Brown will expand the amount of aid provided to undergraduate students whose parents earn less than $60,000 and are unable to contribute anything toward their university expenses. In addition to tuition, fees, and housing, the aid package will now include a full meal plan, ensuring students have access to 20 meals per week. Also, the institution will try out a separate program to...

Are There Better Ways to Subsidize Athletics?

The cost of higher education sometimes includes fees that pay for intercollegiate athletics. While sports are a valued part of campus life, what would students select if they were given the choice between sports and tuition discounts? “ I have no idea, but I’ve been pondering this question as I consider the cost of running a sports program weighed against the cost of college to students,” John Warner wrote for a blog post for Inside Higher Ed . “Student-loan debt threatens the future prosperity of a significant proportion of college graduates—not to mention those who get loans, but don’t graduate—and it doesn’t take a crystal ball to see the potential for this to be a larger drag on the economic health of the nation.” Based on data from USA Today , Warner postulated that erasing athletic subsidies could provide each student a discount of as much as $1,600 each year, decreasing their average student-loan debt by 25%. Research from the Urban Institute found that self-sustaining athletic ...

Budget Bill Boosts Open Textbooks

The $1.3 trillion omnibus spending bill signed into law March 23 sets aside $5 million for the Open Textbook Pilot, a program intended to underwrite development and expansion of open educational resources (OER) for higher education. The aim is to trim the cost of course materials for students without diminishing their learning. While the omnibus bill doesn’t spell out exactly how the Department of Education should distribute the funds, Washington Monthly said it will most likely use the proposed Affordable College Textbook Act (ACTA) as a guideline. The act, which has been introduced in the House and Senate multiple times, most recently in September 2017, calls for establishing a competitive grant program to create or adapt open textbooks. ACTA also supports assistance for faculty in finding and reviewing open materials, improving access to OER (especially for students with disabilities), assessing OER to ascertain actual cost savings and academic outcomes, and fostering partnerships...

In Search of Business Innovation on Campus

Higher education has a reputation, deserved or not, for being resistant to change. Some universities, according to a report in eCampus News, are trying to dispel that image by appointing a chief innovation officer to lead and encourage positive change on the business side of the institution. A study by Russell Reynolds Associates found that 20%-30% of the “top” 50 U.S. universities have developed a senior-level position devoted to innovation, entrepreneurship, or new ventures. Their specific duties may vary, but in general “this role is strategic and aims at driving and maximizing revenues from innovation,” said the report. Chief innovation officers focus on finding new and different revenue sources for the university, rather than looking for ways to bring innovation to teaching and learning, but some are involved in fostering greater collaboration across departments and disciplines. Innovation can take two forms: sustained or disruptive, according to Education Dive’s new monthly Inno...

Many, Not All, Able to Survive Hi-Ed Change

Most higher education institutions will adapt to change, but some won’t and may be forced to close, in the view of two economics professors at the College of William & Mary. In an interview with Inside Higher Ed , Robert B. Archibald and David H. Feldman discussed how four-year colleges and universities are under pressure to provide value to students at an affordable cost. Feldman and Archibald are the authors of The Road Ahead for America’s Colleges & Universities and Why Does College Cost So Much? Both said they believe there will be enough students to fill classrooms, due to greater enrollment by students who are older, lower-income, and from more diverse populations than the traditional student. However, institutions with a high percentage of low-income students may have a tough time finding the resources to adapt. Flagship public schools and other selective institutions will be able to shift to a tuition-driven model that depends less on state support, according to Archib...

Scholarship Donors Push Student Loans Out

With all of the ongoing controversy over whether loans help or hurt students, Brown University has managed to raise enough donations to float its financial aid without asking students to borrow money for their education. According to University Business , Brown just wrapped up a $30 million campaign to plump its scholarship funds. That money is intended to take the place of loans in aid extended to students enrolling next fall. Both returning undergraduates and first-years will benefit. The campaign represented the latest phase of The Brown Promise, a program launched in 2003 to ensure a diverse body of applicants could actually afford to attend the university, regardless of their personal financial situation. Brown instituted a need-blind admission process, but did rely on loans to close the gap for some students. As an article on Quartz notes, Brown isn’t the only institution to eliminate student loans from its financial-aid package but many of the others “have income cutoffs … mea...

CM-X Probes Strategies to Trim Textbook Cost

While the issue of higher education affordability simmers, some point to required course materials as a cost that could be reduced without undermining students’ learning. As the campus information hub for course materials, college bookstores must stay on top of new formats, programs, and practices. The second Course Materials eXperience (CM-X) will help course materials specialists and store managers become knowledgeable about new developments and operational efficiencies to keep costs down for students. CM-X is a concentrated track within Campus Market Expo (CAMEX) hosted by NACS in Dallas, TX. CM-X opens with a networking event on Friday evening, March 2, and then moves into a full day of educational presentations, roundtable discussions, and a working lunch. As a followup to last year’s CM-X publisher panel, a new group of executives from the major textbook publishers will offer their thoughts on how the industry is evolving. Other sessions will explore inclusive-access programs, op...

Good Start for Tennessee Promise

While free-tuition programs have their critics, the Tennessee Promise appears to be working . Of more than 13,000 of the state’s eligible students who enrolled in the first Promise program in 2015, nearly 60% are still in college . Only 40% of their non-Promise peers remain in school. After two years, 56% of the original class of Promise Students are still enrolled in community college and 14.5% have earned a degree or certificate. Over the same period, 30.5% of non-Promise students were still enrolled and just 5% had earned a degree or certificate. “These numbers are the first evidence that Tennessee Promise is doing exactly what Gov. [Bill] Haslam and the General Assembly designed: getting more students into college, including students who might not otherwise be able to attend, and helping them succeed once they get there,” said Flora Tydings, chancellor, Tennessee Board of Regents. To qualify, Tennessee high school seniors must file the Free Application for Federal Student Aid form...