Higher Education Trends August 11, 2016 Pivotal Juncture Louis - - PowerPoint PPT Presentation

Higher Education Trends

August 11, 2016

“Higher education in the United States is at a pivotal juncture in its history. Multiple forces, including

• demand for knowledge and skills,
• constrained public funding,
• public concerns regarding affordability,
• student demographic change, and
• technological innovations are driving a need for change at

the system, institution, course, faculty, and student levels.

• Innovation leading to improved performance certainly

seems to be in order.”

Pivotal Juncture

Louis Soares

Vice President for Policy Research/Strategy American Council

• n Education (2015)

The landscape that is making the job more difficult

Projected High School Graduates – Georgia – 1997 – 2028 - WICHE, 2012

Changing Demographics

Numeric Growth: Adults

28% of all enrolled undergraduate

students are over 25 years of age

Projected Growth by 2019

51%

Babson, 2012

• College Scorecard | Aid Tied to College

Performance

• Changes in Financial Aid Programs – Promote

Access

• America’s College Promise - Free Community

College (i.e., the Tennessee Promise)

Governmental & Other Influences

The Influence of Technology

9

• Options (“Swirling”) (Adelman, 2014)
• Multiple content options (Blumenstyk, 2015)
• Challenges faced in K-12 education (Lumina,

2013)

• Diversity of needs: SES, students of

color, First-Generation

Student Success Complexity

• The economic climate and its impact on:
• Family resources to afford higher education (Adelman,

2010)

• The confidence to borrow to pay for higher education

(Hossler, 2009)

• Government funding: vulnerabilities and compliance
• Securing funds for capital improvements
• Financial aid discount rates
• Increasing cost of meeting expectations of

constituents

The Economy & Financing Higher Ed

8/12/2016 12

“Institutions lacking clear differentiation, a demonstrable value proposition,

• rganizational flexibility and a strong balance

sheet will face severe difficulties....In the face

• f this change no college or university can

remain static and survive.”

• Unsettling Times: Higher Education

in an era of change

Marketing and Branding

• Grow – more new students, better retention (and hopefully

more net tuition revenue!)

• Raise – annual fund, campaign, major gifts
• Borrow – bond issue, other forms of traditional financing,

borrow from yourself (quasi-endowment/net surplus)

• Shift – (the hardest way) – stop doing something to do

something else and/or do less of one thing to do more of another

• Focus – get more with existing resources through training

and raising awareness

• Alternate – create new revenue streams
• Partner – a continuum with cooperation on one end and

merger on the other

The 7 Legal Ways to Get Resources

Thank you!

Tim Fuller, Senior Vice President/Owner Credo