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Sandra Jordan

Article from Change on Financial Strategies for Higher Ed - 1 views

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    Breaking Bad Habits: Navigating the Financial Crisis by Dennis Jones and Jane Wellman The "Great Recession" of 2009 has brought an unprecedented level of financial chaos to public higher education in America. Programs are being reduced, furloughs and layoffs are widespread, class sizes are increasing, sections are being cut, and students can't get into classes needed for graduation. Enrollment losses upwards of several hundred thousand are being reported-and only time will tell whether the situation is even worse. Reports of budget cuts in public institutions in the neighborhood of 15 to 20 percent (Pennsylvania, Virginia, New York, Florida, and California) are becoming common. Halfway through the 2009-2010 fiscal year, 48 states were projecting deficits for 2011 and 2012 (NASBO, 2009). Although states are reluctant to raise taxes, they evidently have less of a problem letting tuitions go up. And up they are going-California, Oregon, Washington, New York, Wisconsin, and Florida announced increases ranging from 10 to 33 percent. The normally tuition-resistant Florida legislature has authorized annual increases in undergraduate tuitions of 15 percent per year until they reach national averages for public four-year institutions. Around the country, the increases are setting off student protests reminiscent of the 1960's, variously directed at campuses, system boards, legislatures, and governors-complete with reports of violence and arrests. The New Normal Higher education has been through tough times before. The pattern of the last two decades has been a zigzag of reductions in state funds for higher education during times of recession, followed by a return to revenue growth about two years after the state coffers refill. But resources have not returned to pre-recession levels. So the overall pattern has been a modest but continuous decline in state revenues. Caption: Percent Change in Appropriations for Higher Education, 1960-2006
George Mehaffy

Scholars of Education Question the Limits of 'Academically Adrift' - Faculty - The Chro... - 0 views

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    "February 13, 2011 Scholars Question New Book's Gloom on Education Doubts are raised about study behind 'Academically Adrift' Scholars of Education Question the Limits of 'Academically Adrift' By David Glenn It has been a busy month for Richard Arum and Josipa Roksa. In mid-January, the University of Chicago Press published their gloomy account of the quality of undergraduate education, Academi­cally Adrift: Limited Learning on College Campuses. Since then the two sociologists have been through a torrent of radio interviews and public lectures. In the first days after the book's release, they had to handle a certain amount of breathless reaction, both pro and con, from people who hadn't actually read it. But now that more people in higher education have had time to digest their arguments, sophisticated conversations are developing about the study's lessons and about its limitations. Many college leaders are praising the ambition of Mr. Arum and Ms. Roksa's project, and some say they hope the book will focus new attention on the quality of undergraduate instruction. When the authors spoke last month at the annual meeting of the Association of American Colleges and Universities, in San Francisco, the ballroom far overfilled its capacity, and they were introduced as "rock stars." But three lines of skepticism have also emerged. Fiirst, some scholars say that Academically Adrift's heavy reliance on the Collegiate Learning Assessment, a widely used essay test that measures reasoning and writing skills, limits the value of the study. Second, some people believe the authors have not paid enough attention to the deprofessionalization of faculty work and the economic strains on colleges, factors that the critics say have played significant roles in the ero­sion of instructional quality. Third, some readers challenge the authors' position that the federal government should provide far more money to study the quality of college learning, but should not otherwise do mu
George Mehaffy

The Quiet Revolution in Open Learning - Commentary - The Chronicle of Higher Education - 1 views

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    "The Quiet Revolution in Open Learning By Kevin Carey In the late days of March 2010, Congressional negotiators dealt President Obama's community-college reform agenda what seemed like a fatal blow. A year later, it appears that, remarkably, the administration has fashioned the ashes of that defeat into one of the most innovative federal higher-education programs ever conceived. Hardly anyone has noticed. Obama originally called for $12-billion in new spending on community-college infrastructure and degree completion. The money was to come from eliminating public subsidies to for-profit banks that made student loans. But late in the process, some lawmakers insisted that savings that had already occurred, because of colleges' switching into the federal direct-loan program in anticipation of the new law, didn't count as savings. Billions were pulled off the table, and the community-college plan was shelved. Two days later, negotiators found $2-billion. But they could spend it only on a U.S. Department of Labor program restricted to workers who had lost their jobs because of shifts in global trade. The fit with the president's expansive agenda seemed awkward, and the amount was pennies on the original dollar. Cynical commentators called it a "consolation prize." Then, the Education and Labor Departments decided to do something highly uncharacteristic of large federal bureaucracies: They began to talk. To one another. Constructively. What they devised could change higher education for huge numbers of students, many of whom will never attend a community college at all. The concept is simple: Community colleges that compete for federal money to serve students online will be obliged to make those materials-videos, text, assessments, curricula, diagnostic tools, and more-available to everyone in the world, free, under a Creative Commons license. The materials will become, to use the common term, open educational resources, or OER's. The open-resource movement has
George Mehaffy

A College Education for All, Free and Online - Commentary - The Chronicle of Higher Edu... - 1 views

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    "July 10, 2011 A College Education for All, Free and Online By Kevin Carey All around the world, people have been waiting for someone like Shai Reshef to come along. Reshef is the founder and president of the University of the People, a tuition-free online institution that enrolled its first class of students in 2009. UoPeople strives to serve the vast numbers of students who have no access to traditional higher education. Some can't afford it, or they live in countries where there are simply no good colleges to attend. Others live in rural areas, or identify with a culture, an ethnicity, or a gender that is excluded from public services. UoPeople students pay an application fee of between $10 and $50 and must have a high-school diploma and be proficient in English. There are also small fees for grading final exams. Otherwise, it's free. The university takes advantage of the growing body of free, open-access resources available online. Reshef made his fortune building for-profit higher-education businesses during the rise of the Internet, and he noticed a new culture of collaboration developing among young people who grew up in a wired world. So UoPeople relies heavily on peer-to-peer learning that takes place within a highly structured curriculum developed in part by volunteers. The university plans to award associate and bachelor's degrees, and it is now seeking American accreditation. Rather than deploy the most sophisticated and expensive technology, UoPeople keeps it simple-everything happens asynchronously, in text only. As long as students can connect their laptops or mobile devices to a telecommunications network, somewhere, they can study and learn. For most of humanity, this is the only viable way to get access to higher education. When the university polled students about why they had enrolled, the top answer was, "What other choice do I have?" Some observers have wondered how effective such an unorthodox learning model can be. But UoPeople's tw
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    I wonder how the University of the People will evolve compared to the fledgling Open Educational Resources University that is being founded by a few key institutions around the world. OERU has its business model roots in Web 2.0 as the foundation for collaboration. A group within OERU is also participating in Ray Schroeder's EduMOOC. For more info on OERU see http://wikieducator.org/images/c/c2/Report_OERU-Final-version.pdf
George Mehaffy

The Wasted Resources of the Summer Academic Break - Brainstorm - The Chronicle of Highe... - 4 views

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    "July 20, 2010, 10:00 PM ET The Wasted Resources of the Summer Academic Break By Diane Auer Jones Once upon a time, a long time ago, the city of Washington cleared out for the summer. In part this was because Members of Congress had to go home at that time to tend to their fields. Perhaps even more importantly, the swamp upon which Washington was built served as the perfect breeding ground for mosquitoes that carried malaria to those who dared to summer-over in the Federal City. But, as the mosquitoes were controlled, as jobs migrated from field to city, and as electricity enabled indoor temperature control, Washington adjusted and Congress extended the legislative session well into the summer months. In other words, when the conditions and circumstances that once necessitated a lengthy summer recess were eliminated, the congressional schedule changed and summer became a time of year, like most others, when people race around at breakneck pace and are expected to perform no differently than they do in September or March. Why, then, do academic institutions in non-agricultural communities continue to operate on an archaic schedule that leaves facilities and resources underutilized during the summer months?
George Mehaffy

Beware: Alternative Certification Is Coming - Innovations - The Chronicle of Higher Edu... - 1 views

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    "Beware: Alternative Certification Is Coming January 23, 2012, 4:42 pm By Richard Vedder The announcement of agreements between Burck Smith's StraighterLine and the Education Testing Service (ETS) and the Council on Aid to Education (CAE) to provide competency test materials to students online is potentially very important, along with several other recent developments. A little economics explains why this is so. In the first week of beginning economics courses, professors usually make this fundamental point: If the price of something rises a lot, people look for substitutes. Resources (dollars) are scarce, and individuals want to make the best use of them. They "maximize their utility" by shifting away from high-priced good or service A to lower-priced good B. With regards to colleges, consumers typically have believed that there are no good substitutes-the only way a person can certify to potential employers that she/he is pretty bright, well educated, good at communicating, disciplined, etc., is by presenting a bachelor's degree diploma. College graduates typically have these positive attributes more than others, so degrees serve as an important signaling device to employers, lowering the costs of learning about the traits of the applicant. Because of the lack of good substitutes, colleges face little outside competition and can raise prices more, given their quasi-monopoly status. As college costs rise, however, people are asking: Aren't there cheaper ways of certifying competence and skills to employers? Employers like the current system, because the huge (often over $100,000) cost of demonstrating competency is borne by the student, not by them. Employers seemingly have little incentive to look for alternative certification. That is why reformers like me cannot get employer organizations like the U.S. Chamber of Commerce to take alternative certification seriously. But if companies can find good employees with high-school diplomas who have dem
George Mehaffy

MIT Mints a Valuable New Form of Academic Currency - Commentary - The Chronicle of High... - 0 views

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    "January 22, 2012 MIT Mints a Valuable New Form of Academic Currency James Yang for The Chronicle By Kevin Carey The Massachusetts Institute of Technology has invented or improved many world-changing things-radar, information theory, and synthetic self-replicating molecules, to name a few. Last month the university announced, to mild fanfare, an invention that could be similarly transformative, this time for higher education itself. It's called MITx. In that small lowercase letter, a great deal is contained. MITx is the next big step in the open-educational-resources movement that MIT helped start in 2001, when it began putting its course lecture notes, videos, and exams online, where anyone in the world could use them at no cost. The project exceeded all expectations-more than 100 million unique visitors have accessed the courses so far. Meanwhile, the university experimented with using online tools to help improve the learning experience for its own students in Cambridge, Mass. Now MIT has decided to put the two together-free content and sophisticated online pedagogy­-and add a third, crucial ingredient: credentials. Beginning this spring, students will be able to take free, online courses offered through the MITx initiative. If they prove they've learned the materi­al, MITx will, for a small fee, give them a credential certifying as much. In doing this, MIT has cracked one of the fundamental problems retarding the growth of free online higher education as a force for human progress. The Internet is a very different environment than the traditional on-campus classroom. Students and employers are rightly wary of the quality of online courses. And even if the courses are great, they have limited value without some kind of credential to back them up. It's not enough to learn something-you have to be able to prove to other people that you've learned it. The best way to solve that problem is for a world-famous university with an unimpeachable reputat
George Mehaffy

Open-Textbook Idea Is Gaining Steam - Wired Campus - The Chronicle of Higher Education - 0 views

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    "Open-Textbook Idea Is Gaining Steam December 19, 2011, 4:01 pm By Alexandra Rice Colleges across the country took note when Washington State announced its Open Course Library initiative in October, offering community-college students affordable online resources for some of the most popular courses. Now other states and colleges are exploring similar options. The University of Massachusetts at Amherst awarded 10 teaching faculty $1,000 grants this spring as a part of its Open Education Initiative. The faculty members submitted proposals for developing free or low-cost digital resources as an alternative to students purchasing commercial textbooks. The university estimates the effort will save 700 students $72,000 over the 2011-12 academic year. On the West Coast, Darrell Steinberg, the leader of California's Senate, proposed a bill to establish the online California Digital Open Source Library, MindShift's Tina Barseghian reported. If passed, the bill will allocate $25-million in state funds to create 50 free online college textbooks. If you've heard of any other similar projects, tell us about them in the comments below."
George Mehaffy

Kaplan CEO's book takes on higher ed's incentive system | Inside Higher Ed - 0 views

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    "Ready for Change.edu? January 11, 2012 - 3:00am By Paul Fain Andrew S. Rosen takes the long view when talking about higher education. As CEO of Kaplan, Inc., he often defends the role of for-profit colleges in an evolving marketplace, peppering versions of his stump speech with tales about the creation of public universities and community colleges. His point is that some skepticism about for-profits is similar to the snobbery those older sectors faced from elite private higher education. Rosen goes further in his debut book, Change.edu: Rebooting for the New Talent Economy, which attempts to paint a picture of higher education's future as well as its history. He also takes a turn as a journalist of sorts - an interesting twist for the former general counsel of the Washington Post Co. - writing about his campus visits to other institutions, a couple of which are Kaplan competitors. The book is ambitious in its scope, particularly for an author with obvious vested interests. But most reviewers have given Rosen high marks. Kirkus Reviews writes: "Incredibly, his argument never comes off as self-serving; the author's thorough exploration of 'Harvard Envy' and the rise of 'resort' campuses is both fascinating and enlightening." Rosen recently answered questions over e-mail about his book, which was released by Kaplan Publishing. Q: The book arrives amid a series of challenges for your industry. What did you hope to accomplish by writing it? A: I've spent most of my life studying or working in education, with students of all ages and preparation levels: top students from America's most elite institutions and working adults and low-income students who have few quality choices to change their lives. I've come to see how the American higher education system (as with K-12) is profoundly tilted in favor of those who already have advantages. Our society keeps investing more and more in the relatively small and unchanging number of students who have the privil
George Mehaffy

Let's Improve Learning. OK, but How? - Commentary - The Chronicle of Higher Education - 0 views

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    "December 31, 2011 Let's Improve Learning. OK, but How? By W. Robert Connor Does American higher education have a systematic way of thinking about how to improve student learning? It would certainly be useful, especially at a time when budgets are tight and the pressure is on to demonstrate better results. Oh, there's plenty of discussion-bright ideas, old certainties, and new approaches-and a rich discourse about innovation, reinvention, and transformation. But the most powerful ideas about improving learning are often unspoken. Amid all the talk about change, old assumptions exert their continuing grasp. For example, most of us assume that expanding the number of fields and specialties in the curriculum (and of faculty to teach them), providing more small classes, and lowering teaching loads (and, hence, lowering student-faculty ratios) are inherently good things. But while many of those ideas are plausible, few have been rigorously evaluated. So maybe it's time to stop relying on assumptions about improving learning and start finding out what really works best. A genuine theory of change, as such a systematic evaluation of effectiveness is sometimes called, would be grounded in knowledge about how students learn, and in the best way to put that knowledge to work. The theory should also be educationally robust; that is, it should not just help colleges expose students to certain subject matter, but also challenge institutions to help students develop the long-lasting survival skills needed in a time of radical and often unpredictable change. And it must also have its feet on the ground, with a sure footing in financial realities. Above all, those who would develop a truly systematic way of thinking about and creating change must be able to articulate their purpose. Given the great diversity of institutional types, student demographics, history, and mission among American colleges and universities, it's hard to discern a shared sense of purpose. But when f
George Mehaffy

News: A Marriage Made in Indiana - Inside Higher Ed - 0 views

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    A Marriage Made in Indiana July 14, 2010 Just about everywhere you turn, state leaders are searching for a way to use online education to expand the reach of their public higher education systems at a time of diminished resources. The approaches vary: In Minnesota, Gov. Tim Pawlenty has heralded a future of "iCollege," while in Pennsylvania, the state college system envisions using distance learning to help its campuses sustain their offerings by sharing courses in underenrolled programs. California's community college system turned to a for-profit provider, Kaplan University, to work around its budget-related enrollment restrictions. And a grand experiment to create a fully online branch of the University of Illinois, meanwhile, crashed and burned last fall. Like those and other peers, Indiana's leaders have increasingly recognized that the state cannot thrive economically if it does not bolster college completion, particularly among adults (aged 29-49) who have historically been underrepresented in the state's seven public four-year universities. But they recognize that doing so at a time of (temporarily, if not permanently) diminished resources isn't easy -- and that online education is no panacea because, done right, it isn't cheap."
George Mehaffy

MBS expands into online marketplace » Columbia Business Times; The leading so... - 0 views

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    "MBS expands into online marketplace By Victoria Guida Oct 1, 2010 Dennis Flanagan, CEO of MBS Direct, recently launched Xplana, an online student learning platform that helps students manage their academic lives through social networking, study groups and e-textbooks. Google, YouTube, Facebook, Twitter and other online resources have transformed the way students receive information. MBS Textbook Exchange, eying the exodus from print to digital, is evolving to keep up with the technological transformation. This summer, MBS launched an online social learning platform called Xplana that strives to connect Internet resources in a way that makes learning easier and more interactive for students. The company has since made the case that the new website is the way of the future on college campuses. "We began looking at the fact that learning was evolving in a lot of different ways," said Dennis Flanagan, CEO of MBS Direct and Xplana (pronounced ex plah' nah). "The traditional print book has always been one of the primary sources of learning, with the teacher standing up in front of the classroom. The Internet kind of changed that whole process. You don't necessarily look in a book to find information." MBS, which leads the textbook industry in wholesale production, acquired Xplana last October as a strategic move to keep up with the times, said Rob Reynolds, founder of Xplana."
George Mehaffy

Academic Library Autopsy Report, 2050 - Commentary - The Chronicle of Higher Education - 0 views

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    "January 2, 2011 Academic Library Autopsy Report, 2050 By Brian T. Sullivan "Insensible of mortality, and desperately mortal." -Shakespeare The academic library has died. Despite early diagnosis, audacious denial in the face of its increasingly severe symptoms led to its deterioration and demise. The academic library died alone, largely neglected and forgotten by a world that once revered it as the heart of the university. On its deathbed, it could be heard mumbling curses against Google and something about a bygone library guru named Ranganathan. Although the causes of death are myriad, the following autopsy report highlights a few of the key factors. 1. Book collections became obsolete. Fully digitized collections of nearly every book in the world rendered physical book collections unnecessary. Individual students now pay for subscriptions to any of several major digital-book vendors for unlimited access. The books may be viewed online at any time or downloaded to a portable device. Some colleges have opted for institutional subscriptions to digital-book collections, managed by their information-technology departments. Most of these collections originated in physical libraries, which signed their own death warrants with deals to digitize their books. 2. Library instruction was no longer necessary. To compete with a new generation of search engines, database vendors were forced to create tools that were more user-friendly, or else risk fading into obscurity. As databases became more intuitive and simpler to use, library instruction in the use of archaic tools was no longer needed. Almost all remaining questions could be answered by faculty (see No. 3) or information-technology staff (see No. 4). It was largely the work of academic librarians that led to most of these advances in database technology. 3. Information literacy was fully integrated into the curriculum. As faculty incorporated information literacy into their teaching, it became part of the gener
George Mehaffy

State of Washington to Offer Online Materials, Instead of Textbooks, for 2-Year College... - 0 views

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    "January 9, 2011 State of Washington to Offer Online Materials as Texts Money-saving effort at 2-year colleges faces vexing problems By Martha Ann Overland It's a question that students, and a growing number of their professors, are asking: Why require students to buy expensive textbooks every year, when the Internet is awash in information, much of it free? After all, the words of Plato have not changed in the past 2,000 years, nor has basic algebra. Washington State's financially strapped Legislature, which foots much of the textbook bill for community-college students on state financial aid, has wondered the same thing. With nearly half a million students taking classes at the state's 34 two-year colleges, why not assemble very inexpensive resources for the most popular classes and allow access to those materials online? And why not cap the cost of those course materials at $30? Calculating the savings, when students are paying up to $1,000 for books each year, was an exercise in simple math, says Cable Green, director of e-learning and open education at the Washington State Board for Community & Technical Colleges. "We believe we can change the cost of attending higher education in this country and in the world," he says. "If we are all teaching the same 81 courses, why not?" So with a $750,000 matching grant from the Bill & Melinda Gates Foundation, the board has started an ambitious program to develop low-cost, online instructional materials for its community and technical colleges. For the Open Course Library, as the materials are known, teams of community-college instructors, librarians, and Web designers from around the state are creating ready-to-use digital course modules for the 81 highest-enrolled courses. The first 43 courses, which are as varied as "General Biology" and "Introduction to Literature 1," will be tested in classrooms beginning this month. The basic design requirements of the Open Course Library are simple enough. The material must be
George Mehaffy

Balance Your Budget by Cleaning House - Do Your Job Better - The Chronicle of Higher Ed... - 0 views

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    "May 2, 2011 Balance Your Budget by Cleaning House By Michael J. Bugeja As we approach the end of another academic term, some institutions are still living off of stimulus money that did little to inspire solutions to mammoth budget cuts looming for the 2012 academic year, which promises to be one of the most difficult in memory for higher education. I direct the journalism school at Iowa State University, a land-grant institution that strives to make education affordable in good or bad economic times. We've experienced layoffs, firings, and furloughs, and are still in the process of reorganizing within my college of liberal arts and sciences. My school is the largest academic program in the largest college at ISU, and our budget has been slashed by more than 20 percent in the past four years. Nevertheless, in the next academic year, we'll balance our budget without increasing workload for most professors, while graduating students sooner-thanks to streamlined curricula, enhanced by advising. To accomplish those goals, the journalism school and other units at the university have adopted or are in the process of adopting several of the methods below: 1. Curtail curricular expansion. Nothing is more responsible for the increasing cost of higher education than ever-expanding pedagogies. Too many professors want their course loads to harmonize with their research interests, and many create courses based on the latest technology. Others are unwilling to teach basic introductory courses, preferring to farm those out to underpaid adjuncts. Worse yet, administrators typically reward professors for new course creation. Expanding pedagogies are a part of our academic culture, but they must be curtailed. Early adopters should introduce new technology into existing classes, and hires should be made not on the promise of creating new curricula but on teaching within the existing ones. Promotion-and-tenure documents should be revised to reward innovation within the present c
George Mehaffy

MIT Expands 'Open' Courses, Adds Completion Certificates | Inside Higher Ed - 0 views

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    " MIT Expands 'Open' Courses, Adds Completion Certificates December 19, 2011 - 4:28am The Massachusetts Institute of Technology -- which pioneered the idea of making course materials free online -- today announced a major expansion of the idea, with the creation of MITx, which will provide for interaction among students, assessment and the awarding of certificates of completion to students who have no connection to MIT. MIT is also starting a major initiative -- led by Provost L. Rafael Reif -- to study online teaching and learning. The first course through MITx is expected this spring. While the institute will not charge for the courses, it will charge what it calls "a modest fee" for the assessment that would lead to a credential. The credential will be awarded by MITx and will not constitute MIT credit. The university also plans to continue MIT OpenCourseWare, the program through which it makes course materials available online. An FAQ from MIT offers more details on the new program. While MIT has been widely praised for OpenCourseWare, much of the attention in the last year from the "open" educational movement has shifted to programs like the Khan Academy (through which there is direct instruction provided, if not yet assessment) and an initiative at Stanford University that makes courses available -- courses for which some German universities are providing academic credit. The new initiative would appear to provide some of the features (instruction such as offered by Khan, and certification that some are creating for the Stanford courses) that have been lacking in OpenCourseWare. 35 Disqus Like Dislike Login Add New Comment Image Real-time updating is enabled. (Pause) Showing 1 comment william czander In 1997, Peter Drucker made a profound prediction he predicted that in 30 years the mortar and brick university campuses would be driven out of existence by their inexorable tuition, He did not predict the financi
George Mehaffy

Gonick essay predicting higher ed IT developments in 2012 | Inside Higher Ed - 2 views

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    "The Year Ahead in IT, 2012 January 6, 2012 - 3:00am By Lev Gonick This series of annual Year Ahead articles on technology and education began on the eve of what we now know is one of the profound downturns in modern capitalism. When history is written, the impact of the deep economic recession of 2008-2012 will have been pivotal in the shifting balance of economic and political power around the world. Clear, too, is the reality that innovation and technology as it is applied to education is moving rapidly from its Anglo-American-centered roots to a now globally distributed dynamic generating disruptive activities that affect learners and institutions the world over. Seventy years ago, the Austrian-born Harvard lecturer and conservative political economist Joseph Schumpeter popularized the now famous description of the logic of capitalism, Capitalism, Socialism, and Democracy. The opening of new markets, foreign or domestic … illustrate(s) the same process of industrial mutation - if I may use that biological term - that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. Our colleges and universities, especially those in the United States, are among the most conservative institutions in the world. The rollback of public investment in, pressure for access to, and indeterminate impact of globalization on postsecondary education all contribute to significant disorientation in our thinking about the future of the university. And then there are the disruptive impacts of information technology that only exacerbate the general set of contradictions that we associate with higher education. The faculty are autonomous and constrained, powerful and vulnerable, innovative at the margins yet conservative at the core, dedicated to education while demeaning teaching devoted to liberal arts and yet powerfully vocatio
George Mehaffy

University Ventures Letter - Announcing University Ventures - 0 views

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    "University Ventures Letter Volume II, #2 Announcing University Ventures Thirty years ago America was an economic basket case. The official unemployment rate in 1982 exceeded 10%, but apples-to-apples unemployment (counting it the way we do today) was over 16%. Inflation was north of 6% and the prime interest rate reached 21.5% in June 1982. Things weren't much better in the UK where deindustrialization had resulted in unemployment over 20% in many regions, and where the 'workshop of the world' became a net importer of goods for the first time ever. It's always darkest before the dawn. So few recognized we were on the verge of a revolution in information technology that would drive productivity increases across almost all industries and create new ones over the next two decades. If there's any consensus at all in today's debate about how to rekindle economic growth, it's the importance of education, and particularly higher education. We need more educated workers to innovate and increase productivity. Not coincidentally, the largest industry that has not seen much in the way of productivity improvements since 1982 is education. All but a handful of the 170 million students currently enrolled at tertiary institutions around the world are learning the way their parents and grandparents learned (often learning virtually the same curriculum). The 'sage on a stage' model remains unchanged, and the well over $1 trillion in annual spending on higher education continues to be directed to the same functions. And so the stage (if not the sage) is set for the world to focus on higher education as it never has before, and for dramatic changes in programs, delivery models, costs and learning outcomes. While the private sector will play a key role in this next revolution, it cannot succeed alone. Traditional universities and colleges - public and private -- will be the crucibles of change, in partnership with entrepreneurs and companies. The
George Mehaffy

Investors and a Calif. University Team Up to Start a Bilingual College - Administration... - 0 views

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    "January 17, 2012 Investors Backed by Publishing Giant Team Up With Calif. University to Start a Bilingual College By Goldie Blumenstyk A $100-million investment fund backed by the German publishing and media giant Bertelsmann and the endowment for two Texas public university systems is jumping into higher education with two ventures aimed key markets. One is a new bilingual college aimed at Hispanic students, in partnership with an affiliate of Chapman University. The other is a new London-based distance-education company that will assist European universities in creating, marketing, and managing online courses and degree programs. For the yet-to-be-named Hispanic-serving college, the new fund, called University Ventures, will form a partnership with Brandman University, an 11,000-student nonprofit institution now known for serving working adult students at its 25 campuses in California (plus one in Washington State) through online and face-to-face courses. Once known as Chapman University College, it was separately accredited from Chapman three years ago and renamed for a benefactor, the Brandman Foundation, in April. Gary Brahm, Brandman's chancellor, said his institution has a good record in serving and graduating Hispanic students, who make up more than a quarter of Brandman's enrollment. (It claims a six-year graduation rate for students, all of whom now enter with at least 12 credits, of 68 percent.) The new partnership with University Ventures presents a chance "to do something very significant in higher education and to do something very significant in California," he said in an interview on Monday. The program will be aimed at the many students from Spanish-speaking homes who have learned enough English to graduate from high school but either are too intimidated or too inadequately prepared to get through traditional college programs taught fully in English. "This has the opportunity to significantly improve their success," he said. Together, Unive
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