Many years ago, I was a consultant in the management advisory services division at Price Waterhouse. With experience using computer modeling software from my MBA curriculum, I was assigned to a number of engagements building financial projections for businesses, large and small.
Trends in Higher Education
Last week, Juana Sanchez and Lara Couturier wrote an article for Inside Higher Ed, reporting how the design of federal financial aid does not easily accommodate transfer students who move from one institution to another.
As I mentioned in a previous post, the May 1 due date for college acceptance decisions seems to have coincided with several notable predications about the impact of the pandemic on changes in higher ed. Earlier this week, I commented on the Adam Weinberg opinion piece in Higher Ed Dive as well as the Brandon Busteed article in Forbes. Concomitant with the other pieces, Professor Scott Galloway’s weekly blog post, “Higher Ed 2.0 (What We Got Right/Wrong),” reviewed his prediction from last year that the pandemic would change higher ed forever in a number of ways.
Pandemic to Permanent – Another Prognostication of Higher Ed Changes Accelerated Due to the Pandemic
May 1 was the date that many colleges required accepted applicants to indicate their commitment to attend for the coming 2021-22 school year. It must have also been the date for predictions on higher ed trends and changes.
In an opinion piece published by Higher Ed Dive, Denison University president Adam Weinberg writes that there are five higher education trends being accelerated by the pandemic.
In a recent article “Charting a New Normal,” Inside Higher Ed reporter Lilah Burke provided an interesting contrast of the four-year college plans to return to in-person classes as soon as possible versus community colleges that are not planning to do so.
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.
The sequels continue as responses come in to the now-famous Atlantic article by Caitlin Flanagan about independent school graduates comprising a higher percentage of elite college admissions than their overall share of high school graduates would indicate.
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.