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.
Cost of a Degree
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.
Doug Belkin’s article in last week’s Wall Street Journal poses the big question: “Is this the end of college as we know it?” Mr. Belkin opens his article with the education paths and career paths of a married couple living in Tampa, Florida.
Dr. Robert Kelchen, an associate professor at Seton Hall University and an expert on financial aid, was commissioned to write an article about using earning metrics for accountability for Higher Learning Advocates, a bipartisan higher education advocacy group.
The latest research report from Georgetown University’s Center on Education and the Workforce, Buyer Beware – First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions was issued this week. Authors and researchers Anthony P. Carnevale, Ban Cheah, Martin Van Der Werf, and Artem Gulish continue their analysis of the continually expanding data provided by the U.S. Department of Education’s College Scorecard that arguable began with their 2019 report, A First Try at ROI: Ranking 4,500 Colleges.
In Monday’s Wall Street Journal, investor Daniel Pianko pens an opinion piece, stating that higher education is at the stage today that the stock brokerage industry was in 30-40 years ago. (Full disclosure – Mr. Pianko is a board member of APEI, the publicly-traded education company that I led for 15 years.)
In a recent opinion piece published in USA Today, Rick Hess, Director of Education Policy Studies at the American Enterprise Institute, questions the value of attending a selective college if you’re watching online lectures from your parents’ home. Dr. Hess writes that many elite colleges market the irreplaceable experiences of living on campus and if campuses are closed in the fall, those experiences and the reasons for attending go away.
Not a day goes by where we don’t hear about the shortage of workers with the required education and training for more than six million unfilled positions in the U.S. Early in his presidency, Barack Obama called for increasing the number of Americans earning a college degree to maintain global competitiveness in an era with increasing technology innovations, some used to replace jobs in the workforce. Despite all the attention on higher education attainment, overall enrollments have decreased since 2010, with explanations ranging from a declining birth rate and low unemployment rates to an increasing perception that degrees may not provide the same return on investment for today’s students as for Baby Boomers and their parents.
In a recent Chronicle of Higher Education Review, University of Tennessee law professor Benjamin Barton authored an article, The Law School Crash, subtitled “What’s worse than a decade of financial turmoil? Not learning from it.” Barton’s news isn’t new. In fact, he mentions Brian Tamanaha’s 2012 book, Failing Law Schools, as an early critique of the disparity between the cost of law school and career and salary outcomes.
Among my newsfeeds over the holidays was one from the Lexington, KY Herald Leader about an announcement from Georgetown College in Georgetown, KY about a new four-year, tuition-free scholarship for local graduating high school students. The offer applies to students admitted over the next decade and requires they live on campus all four years and pay for room and board, approximating $12,000 annually.