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Showing posts with the label higher education affordability

How Profs Dodge Royalties Bullet

College instructors teach courses in the subjects on which they are experts. Faculty also share their expertise by writing books on the same subjects. What should professors do when they’re tapped to lead courses on the identical subject matter covered by their books? Some faculty choose to assign their own books as required reading, but are taking great pains to avoid profiting much—if at all—from the sale of books to their students, according to an article in The Chronicle of Higher Education . In these cases, the books in question aren’t particularly costly as textbooks go, so the issue centers on the royalties paid to the authors. Some instructors negotiate special discounts with their publishers on behalf of students to offset the royalties. Others estimate how much in royalties they might receive from students’ purchases and donate that amount to a campus cause or scholarship, or treat the class to lunch. For some classes, professors may use just one or two chapters of their boo...

Studies Paint Different Picture of Student Debt

New statistics from the National Postsecondary Student Aid Study show fewer college students are taking out loans to pay for their education, while another report indicates that a large chunk of student debt is concentrated in families with the means to pay it off. The federal study, according to Inside Higher Ed, found that 38% of full- and part-time undergraduates had taken out student loans for the 2015-16 academic year, compared to 42% for the 2011-12 year (the last time the study was conducted). The drop occurred across the board at private and public institutions, two- and four-year schools, and even at for-profit colleges. The average loan amounted to $7,600, up about $500 from four years prior. However, that average includes loans by students at for-profit schools, who typically borrowed much more than students attending nonprofit institutions. One reason for the decline in borrowing rates may be that grants to college students increased during the period covered by the study,...

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...

Small Student Loans May Help, Not Harm

Are student loans a burden or a boost? The National Bureau of Economic Research (NBER) attempted to find out in a recent study. The study, summarized in a report on MarketWatch , focused on the financial-aid notification letters sent to students at a community college. One randomly assigned group received letters that listed their eligibility for grant and scholarship aid, along with an offer to borrow $3,500-$4,500 in federally subsidized student loans. The other group’s financial-aid letters offered “$0” in federal loans. Not surprisingly, students in the first group “were 40% more likely to borrow than their peers who received an offer of zero,” said the MarketWatch report. However, it also turned out that these borrowers enrolled in more course credits the following term, earned a higher grade-point average in those courses, and transferred at a higher rate to four-year institutions. In short, the NBER study concluded, having access to federal loan funds enabled and motivated these...

Those with ‘Some’ College Need More Push

Some 31 million adults in the U.S. have earned enough college credits to be classified as “near-completers,” but it will take a village to help them cross the finish line to graduation, according to a new report from the Education Commission for the States. The commission “looked at the progress of legislation and initiatives in the area,” said an article in Education Dive , and found they were overall insufficient to boost graduation rates among dropouts. Some legislative measures were well-intentioned and may have helped new enrollees—such as state policies and funded programs designed to improve the affordability of higher education—but they didn’t move the near-completers any closer to completion. One reason is that near-completers may have been unaware of such policies and programs, or weren’t motivated to take advantage of them. The senior policy analyst who wrote the report told Education Dive that “a consistent hurdle for states is they often need a champion for near-completers...