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The Value Gap
- 1. the value gap Jeff Selingo June 2012
- 5. 2012
- 7. 1999-2009 A decade of More
- 8. More Students, More Degrees Number of students up by 1/3 since late 1990s Source: U.S. Education Department
- 9. 2 in 5 titles on government list of academic programs didn’t appear on it in 1990 21% increase in titles since 2000 More Credentials
- 10. More Tuition In 2003, only 2 colleges charged more than $40K By 2009, 224 passed that mark. Another 58 passed $50K Source: The College Board
- 11. More Debt $277,000,000,000 Amount of debt taken on by colleges, which has doubled just since 2001 Source: The College Board
- 12. Students were willing to go to any college and pay almost anything for a degree Why?
- 13. Answer: Degree Premium Source: The College Board
- 14. Degree premium has dropped since 2008 but still better to be a college grad than a high school grad Source: The College Board Unemployment Rates Among Individuals Ages 25 and Older, by Education Level, 1992–2009
- 15. 2008 a shifting paradigm in debate over the cost of college
- 16. Enough is enough Families could no longer use their homes as ATMs
- 17. no home squeezed federal more out equity states deficits of pocket
- 18. A shift from talking about price to asking about value
- 19. What am I paying for? Rate the job the higher-education system is doing in providing value for the money spent? 57% of public says fair/poor 76% of college presidents say excellent/good Source: Pew Research Center/The Chronicle
- 20. 1 in 3 Number of presidents who said there is no one single effective measure to judge the quality of a college degree Source: Pew Research Center/The Chronicle
- 21. How and what will I learn ? Will I get a job ? Will I make enough money to pay off my debt ?
- 22. How and what will I learn? 36% Reading and writing Field of study matters
- 23. Will I get a job? Source: Georgetown U. Center for Education & Workforce
- 24. Will I make enough money to pay off my debt?
- 25. 1999-2009 A lost decade
- 26. Keys to Disrupting Legacy Industries Hubris Skepticism of anything new Unwilling to hear opposing viewpoints
- 28. “The only really necessary people in the publishing process now are the writer and the reader. Everyone who stands between those two has both risk and opportunity” -Larry Kirshbaum Head of Amazon’s NY Publishing Unit
- 31. Key Question: What are the less tangible aspects that define your college experience that can’t be easily be replaced by fragmented, simplified services on the Internet?
- 32. The Coming Disruption Most at Risk Least at Risk Commodity courses The “experience” The network Maturing students The credential The student/professor relationship
- 34. “The Internet will stay around, but whether it will become a significant commercial force is questionable. I don’t picture the Web replacing television or newspaper advertising in the next decade.” – Peter Krivkovich, president of Cramer-Krasselt July 12, 1995
- 35. Coming in Spring 2013: College (Un)Bound jeff@selingo.com The Future of Higher twitter: @jselingo Education and What It Means for Students jeffselingo.com