In last week’s Washington Post, former Chronicle of Education Editor Jeff Selingo wrote an opinion piece about Harvard and its peers and their continued low admission rates. According to Mr. Selingo, some of these institutions’ alums may view the low, single-digit admissions rates as a confirmation of their alma maters’ popularity and prestige. He believes that these numbers are signs of institutional failure.
In a recently published EdSurge article, senior reporter Emily Tate reports that the edtech industry in the U.S. is massive. In 2020, edtech startups and existing companies raised $2.2 billion from investors. Despite the continuing investment of capital in the industry, no one knows what the aggregate industry revenues are.
In a recently published research paper, “Priced Out: What College Costs America,” National Association of Scholars Research Fellow Neetu Arnold examines three issues in U.S. higher education: inflated tuition, continuously expanding administrative positions, and increasing levels of student debt. She also shows how they join and reinforce each other to the detriment of America.
Last month, the Organisation for Economic Co-operation and Development (OECD) issued a report about the potential impact of artificial intelligence (AI) on education. Authored by Dirk Van Damme, Head of the OECD Centre for Educational Research and Innovation, the report begins by mentioning the collapse of the financial system in 2008, the pandemic, and climate change. It also states that the most disruptive change in the 21st century will be AI.