The Future of College

1. and What It Means for Students The Future of College Jeffrey Selingo | September 2013 @jselingo

2. The Higher Ed Industry | 5,300 colleges & universities in the U.S. | $490 billion in annual revenues | Employ 3.5 million people | Hold $990 billion in assets

3. 1 Rising Tuition, Flat Income

4. 2 Fewer Full Paying Students

5. 3 Sea of Red Ink $307,000,000,000
 Amount of debt taken 
on by colleges, which 
has almost doubled 
just since 2001.

6. 4 The Major Chase | 2 out of every 5 majors today didn’t exist in 1990 | 20% increase in majors since 2000

7. 5 The Value Gap Source: Rasmussen Reports Value for the money spent? 57% of the public says fair/good 76% of college presidents say excellent/good

9. 4 in 5 33% 400K Transfer Drifting Drop out Students drop out of college annually

10. An Unbound Future

11. The only really necessary people in the publishing process now are the writer and the reader. Everyone who stands between those two has both risk and opportunity. -Russell Grandinetti Vice President, Amazon

12. The Swirl Jose Jaimes 23% of community college students today come from households earning $100K+

13. Mixing Mediums Jennifer Black Jennifer took ¼ of her courses online or in hybrid format

14. Competency Based Sheryl Schuh U of Wisconsin, Northern Arizona U, and U of Southern New Hampshire launched competency-based programs in 2013

15. Bypassing the Degree Sam Romano 20 partners 500K students 33 partners 2M students

16. Bypassing the Degree Sam Romano 20 partners 500K students 33 partners 2M students

17. Structured Pathways

18. High School Transition to Work College

19. How should I value the traditional campus experience?

20. Making the Match

21. 9 in 10 students want an interesting major no matter “how practical it is” 1 in 4 freshmen change their major Rise in double majors Sources: UCLA Higher Education Research Institute; “Double Majors: Influences, Identities & Impacts.”

22. 1 Seek passionate faculty 2 Dive deep into a research project 3 Go on a global experience 4 Be creative. Take Risks. Learn how to fail.

23. President’s College Scorecard “Parents and students can use to compare schools based on a simple criteria: where you can get the most bang for your educational buck.” -President Obama, 2013 State of the Union address

24. What is your ROI? | What is grad rate for students like you? | How many first-year students return for their second semester? | What is the job placement rate? | Where are last year’s grads working? 5 years ago? 10 years ago?

25. President’s College Scorecard

26. College Reality Check

27. State Employment Records Arkansas Colorado Tennessee Texas Virginia

28. How mobile are the credits? | What is the % of students who transfer? | What % of credits does college accept? Why does it deny? | Would the college accept MOOC credits? | Does college have partnerships with other schools to accept credits?

29. How tech-savvy is the college? | Can students take a variety of formats, online and hybrid? | Do professors ‘flip the classroom’? | Is adaptive learning technology used? | Does college use open courseware?

30. What are the college’s priorities? | What % of students get A’s? B’s? | What is the % of full-time faculty? What % of first-year classes do they teach? | % of classes with more than 40 pages of reading/week and 20 pages/semester? | Does college use CLA?

31. Does college prepare for 5th job? | Do students participate in undergrad research projects? | How many students participate in internships or field work? | What % of students study abroad? | % of students with double majors?

32. What is college’s financial health? | What is the discount rate? | Has the college made its enrollment target in recent years? | What is the college’s bond rating? | How much debt has the college taken on?

33. Can you compare aid offers? | What is % of graduates with debt? What is the average debt? | What is the average parent debt? | When do applicants find out about aid? Ask for a sample aid letter | What is % of grads who owe >$30K?