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Photo: Bob Roper
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Bob Roper, retired bank executive reports, "Ever wonder what keeps those in charge of higher education awake at night?
Demographics, no doubt, are among the challenges on the minds of sleep-deprived administrators. Fewer high school graduates — for a while, at least — mean tough competition to fill the available seats."
Funding is on the decease, including the
value of grants by the state and the federal governments, and is likely
to further erode in the near future, especially for public
institutions. They have lately been losing out to Medicaid and K-12
education in the competition for state resources, and that is likely to
get worse.
Declining middle class incomes make
higher education more difficult for many to afford, especially as
tuition and fees continue to climb — tuition grew 79.5 percent between
2003 and 2013.
A soft job market leaves potential
students wondering whether a college education, purchased at an average
loan amount of $33,000, is worth the cost. After all, institutions such
as State Technical College of Missouri and others compete by nearly
guaranteeing their graduates high-paying jobs.
Higher education has a costly delivery
system — expensive buildings, considerable administrative bloat, and
highly paid, tenured faculty who usually cannot be removed — that by its
nature is suffused with stagnant productivity and is resistant to major
cost-cutting.
The University of Missouri, Stephens
College and Columbia College are not immune to the demographic and
funding trends. And they certainly share with other traditional
institutions of higher education a growing, overarching concern: the
advent of the University of Everywhere. This looming threat to the
status quo is named and described in detail in a book titled “The End of College,” written by Kevin Carey and published in 2015 by Riverhead
Books.
In the early 20th century, buggy whip
manufacturers were largely put out of business by the automobile. Today
the Internet is doing the same thing to record labels, travel agencies
and other industries. It is capitalism at work, what the brilliant
economist Joseph Schumpeter called “creative destruction.” The old order
falls victim to new entrants in the market that offer a new or better
way of doing business.
Professor Clayton Christensen of Harvard
Business School calls the process “disruptive innovation,” and it is
much the same concept.
Higher education has, unlike other
industries, avoided the Internet bullet so far. But that will soon end,
Christensen predicts. He believes higher education is in the process of
being disciplined by market forces and that a buyer’s market is
developing. Unless higher education reinvents itself, he suggests, many
such institutions will disappear during the next 15 years.
What is the University of Everywhere, and how does it work? Here are its hallmarks:
- Online learning will, in the words of Carey,
“provide a personalized, individual education to large numbers of
people at a reasonable price.” An education can come from a variety of
organizations offering separate specialties. Students will unbundle the
offerings of current higher education institutions and reassemble them
into unique learning plans. The end product will be a better education
at a lower price.
- Anything that can be digitized will be
available to anyone in the world who has access to an Internet
connection. Lecture videos can be downloaded or streamed. The student
can pause and rewind the video to capture exactly what was said.
Meanwhile, the text of the lecture will be displayed in real time.
- The
digital learning environment can be customized and personalized for
each student, thanks to advances in artificial intelligence. Also, a
student’s progress and pace can constantly be assessed.
- Large
numbers of students, both in the United States and around the world are
getting their college education through so-called Massive Open Online
Courses, or MOOCs. In May, Georgia Tech University announced it will
offer a master’s degree in computer science online for a quarter of the
cost of a customary on-campus degree. It will get even cheaper.
- Thanks
to an improved credentialing system, a student can prove to a potential
employer what he or she has actually learned and the details of how he
or she did it. That information will likely all be linked to a website.
- All of this is nearly free, and roughly 5,000 quality courses are now or will soon be available online.
What about that valuable college campus
experience? Will it be lost? Not necessarily. It is easy to imagine a
building — or spaces in a building — devoted to distance learning. There
educators could mentor students as needed, and students could work
alone or form study groups, which could include students from around the
world.
Read more...
Source: Columbia Daily Tribune