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Scott Green seemed a little less committed to the deal he has relentlessly touted for more than a year and a half for his school to buy, for $685 million, the huge for-profitUniversity of Phoenix from private equity giant Apollo Global Management. According to Idaho Education News , Green said the next move was Apollos.
In this podcast episode, Dr. Drumm McNaughton speaks with Director Camille Dumont of the Center for Career and Professional Development (CCPD) about how she aligned career services with academia at Post University to better prepare students for the workforce. Drumm McNaughton 14:44 Which makes perfect sense.
In March, according to media coverage , 160,000 high school students took the examinations needed to enter a university—fewer than a fifth of the 910,000 who took them in 2019, the last year before COVID-19 and when Myanmar had a civilian government.
Traditional university degree programs and workforce development initiatives often lack a solid connection to today’s in-demand jobs and are often not equipped to adapt to the fast-changing skilled landscape and evolving employer expectations. They need 3.3 million more professors to serve 35 million more students.
College and university closures. According to a recent article in The Chronicle of Higher Education, closures of four-year, private, and not-for-profituniversities and colleges in 2017 are expected to triple from the current average rate of five per year. There is another strategic path institutions can take to prevent closure.
The biggest drop by far comes from non-traditional students who have given up on for-profituniversities as a way of advancing their technical skills or getting an advanced degree. The decline was significantly higher for male students (1.9 percent) than for female students (1.0
00:07:48] David Decker: So, we’re not for profit, but we’re not for loss either. Somebody told me a while back that for-profituniversities have a profit mentality versus nonprofit, that they pay taxes with their profits. You have to sustain yourself. [00:07:54]
It’s not like Coke and Pepsi… The Coursera platform, writ large , connects universities, learners, government agencies, megacorporations, and local employers. A multi-sided market also offers some benefits to the educational mission relative to other models.
In 2018, we saw four big themes: marketplace dynamics; Washington follies; higher ed governance failures (which includes higher eds version of #MeToo); and the Harvard admissions lawsuit. Higher Ed Governance Failures and the Role of the Board We are seeing a failure in the governance process in many higher ed schools.
About a dozen years ago, owners of some of the biggest, worst-acting for-profit colleges began concocting, with their eager, high-paid lawyers, schemes to convert their schools into non-profits. Conversion from for-profit to non-profit has not prevented serious financial and / or legal problems at all of the schools we’ve discussed.
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