higher education trends - young harris college...higher education trends august 11, 2016 “higher...
TRANSCRIPT
Higher Education Trends
August 11, 2016
“Higher education in the United States is at a pivotal juncture in its history.
Multiple forces, including • demand for knowledge and skills, • constrained public funding, • public concerns regarding affordability, • student demographic change, and • technological innovations are driving a need for change at
the system, institution, course, faculty, and student levels.
• Innovation leading to improved performance certainly seems to be in order.”
Pivotal Juncture
Louis Soares Vice President for Policy Research/Strategy American Council on Education (2015)
The landscape
that is making the
job more difficult
Projected High School Graduates – Georgia – 1997 – 2028 - WICHE, 2012
Changing Demographics
Numeric Growth: Adults
28% of all enrolled undergraduate students are over 25 years of age
Projected Growth by
2019
51%
Babson, 2012
• College Scorecard | Aid Tied to College Performance
• Changes in Financial Aid Programs – Promote Access
• America’s College Promise - Free Community College (i.e., the Tennessee Promise)
Governmental & Other Influences
The Influence of Technology
9
• Options (“Swirling”) (Adelman, 2014)
• Multiple content options (Blumenstyk, 2015)
• Challenges faced in K-12 education (Lumina, 2013)
• Diversity of needs: SES, students of color, First-Generation
Student Success Complexity
• The economic climate and its impact on:• Family resources to afford higher education (Adelman,
2010)• The confidence to borrow to pay for higher education
(Hossler, 2009)• Government funding: vulnerabilities and compliance • Securing funds for capital improvements
• Financial aid discount rates • Increasing cost of meeting expectations of
constituents
The Economy & Financing Higher Ed
8/12/201612
“Institutions lacking clear differentiation, a demonstrable value proposition, organizational flexibility and a strong balance sheet will face severe difficulties....In the face of this change no college or university can remain static and survive.”
- Unsettling Times: Higher Educationin an era of change
Marketing and Branding
Grow – more new students, better retention (and hopefully more net tuition revenue!)
Raise – annual fund, campaign, major gifts Borrow – bond issue, other forms of traditional financing,
borrow from yourself (quasi-endowment/net surplus) Shift – (the hardest way) – stop doing something to do
something else and/or do less of one thing to do more of another
Focus – get more with existing resources through training and raising awareness
Alternate – create new revenue streams Partner – a continuum with cooperation on one end and
merger on the other
The 7 Legal Ways to Get Resources
Thank you!
Tim Fuller, Senior Vice President/OwnerCredo