Mr. Bloomberg, former mayor of New York City and former candidate for U.S. president, notes that before the pandemic, about two-thirds of U.S. students were not reading at grade level and that the trend is getting worse.
Business of Education
A few weeks ago, I wrote a review of "The Great Upheaval." Written by Arthur Levine and Scott Van Pelt, the book provided an excellent explanation why an industry that has not changed for hundreds of years will be forced to transform itself or die.
I spent nearly two decades serving McDonogh, the private school where I served as a Board member or Board committee member. During those two decades, the school’s financial picture improved as McDonogh transformed itself.
With the growth in McDonogh’s student enrollment initially stimulated by the addition of a kindergarten in 1992, the Finance Committee continued to refine its operating model. The Committee also continued communications to the Board about the school’s finances and how some of the strategic needs should be funded.
As I discussed in my previous article about student enrollment, McDonogh’s Lower and Middle Schools had a fixed structure for staffing, based on the number of primary sections assigned to each grade. There were specialty teachers in Art, Music, and Shop for each of the schools, and the Lower School had teaching assistants for each of the kindergarten sections.
As we developed the 10-year operating projections for The McDonogh School, it was important to communicate and, in some cases, educate the Board members on the interrelationships between the various operating and financial components.
When I moved to Austin, I donated my files from the years I served on the McDonogh School Board of Trustees to the McDonogh archives. I thought that it would be useful to craft a series of articles reflecting some of the work we did during a period of transformation for the school.
It’s hard to avoid reading about the U.S. college student loan system (the programs that are collectively organized under the Federal Student Aid or FSA system). There are Democrats in Congress who want President Biden to unilaterally cancel student loans, up to $50,000 per individual.
When I read the press release that the Georgetown Center on Education and the Workforce had issued another report, I eagerly downloaded “The College Payoff: More Education Doesn’t Always Mean More Earnings.”