The New England Journal of Higher Education has created a page devoted to recommendations recently made by the David Education Foundation to reduce the costs and improve the productivity of higher education in New England. Some of the highlighted findings include:
- “A ‘perfect storm’ of financial, political, demographic and technological forces have aligned to make the “business model”unsustainable for the majority of U.S. higher education institutions (HEIs). . . .”
- “Over half of institutions have graduation rates under 50%—which represents a significant loss of resources given the time and money they spend recruiting and onboarding students. Most HEIs need to consider hiring a chief retention officer if they haven’t already. . . .”
- “Differentiation is a critical issue for many , if not all, institutions—and a very important challenge in a region that has a surplus of institutions. ‘If you can’t be meaningfully unique, then you’d better be cheap’—but it is very difficult to compete on cost and cost alone. Students and parents are looking for value, not just low cost. . . .”
An interesting take on the state of higher education, both nationally and in the New England region. Check out the full webpage at the link.