Longtime Palm Beach Post columnist Frank Cerabino wrote an article last week discussing a proposal in Florida’s legislature to cut public scholarship funding to college students majoring in areas of study that do not have an immediate path to employment after graduation.
Business of Education
Credential Engine released its latest report, “Counting of U.S. Postsecondary and Secondary Credentials,” which is a summary of its attempt to list all postsecondary credentials in the United States. Thanks to funding from Ascendium Education Group, Bill & Melinda Gates Foundation, ECMC Foundation, Google, JP Morgan Chase & Co., Lumina Foundation, Microsoft, and Walmart, Credential Engine was able to hire the Center for Regional Economic Competitiveness (CREC) to prepare the analyses for the report.
In a newly issued report, the National Student Clearinghouse reported that the total of 3.7 million new undergraduate degree earners was flat in the 2019-2020 academic year for the first time in eight years. Even more alarming, while the total numbers remained the same, the number of first-time graduates decreased 1 percent (26,000), while non-first-time completers continued to increase by 2.7 percent.
Finding a website rich in data is a dream for a quantitative-oriented person. In my recent article about Texas 2036, I wrote that the organization’s mission is “to enable Texans to make policy decisions through accessible data, long-term planning and state-wide engagement.” I reviewed the Texas 2036 site further and found a number of interesting data reports.
In 2036, Texas will celebrate its bicentennial. It’s estimated that Texas will add 10 million people to its current population of 29 million by then. Depending on whether or not California’s population continues to hold firm at 39.6 million or stagnates due to people leaving the state, Texas could be the most populous state in the U.S. in the future.
In Monday’s Inside Higher Ed, Nic Ducoff (co-founder of Edmit) penned an opinion piece questioning the approach of some organizations that have attempted to calculate the ROI of college. Mr. Ducoff writes that most approaches include cost and earnings, but how those variables are determined impacts the result and how the result is presented to prospective students impacts the influence it will have on their decision making. I could not agree more.
A few years ago, I was asked to develop and teach a course on Educational Entrepreneurship to a cohort of doctoral students enrolled in the Executive Doctorate in Higher Education Management program at the University of Pennsylvania’s Graduate School of Education. As I constructed the syllabus for the one-semester course, I realized that I needed to find instructional content/materials to provide the students with some knowledge about business models in order to adequately complete the final assignment. That final project was an 8- to 10-page paper outlining in some detail a unique idea to generate revenues or reduce expenses for their institution.
Yesterday, Secretary of Education Betsy DeVos announced additions to the data available to consumers and researchers using the College Scorecard. Some of the changes announced include the average earnings two years after graduation based on field of study, the amount of Parent PLUS loans borrowed by parents of students to pay for their child to attend an institution, and the amount of loans borrowed at previous institutions attended for students who transfer.
The National Student Clearinghouse (NSC) has provided monthly updates of Fall 2020 college enrollments. The most recent update reports enrollment as of October 22 and the percentage of institutions reporting enrollment data has increased from 54 percent to 76 percent.