Notes

The Big Squeeze - The Coming Crisis in American Higher Education
Most Americans already know that a crisis is happening in American higher education.

Tuition costs are surging, putting a college education out of reach for many Americans. College grads are defaulting on college loans. They can not find jobs in the fields they trained for.

Those trends make the news every day. Yet they are only the most visible signs of deeper troubles that threaten to destabilize American advanced schooling in the coming years. Let's take power bi training .

Coming Crisis: Colleges Will Price themselves Further and additional Out of Reach

In line with the U.S. Census, the median income of U.S. households in 1970 was $8,390. By 1989, it has risen to $28,910. And by 2005, it was $46,326. Those figures indicate that Americans today are earning about 5.5 the salaries they earned 40 years back.

Just how much have college costs grown? Based on the Congressional Budget Office, the common yearly tuition at a four-year public American university in 1970 was $480. The common tuition at a four-year private university or college was a whole lot higher, at $1,980.

Today, according to data from The College Board, tuition and fees at four-year state universities currently average $7,020 per year for students who live in- state, and $11,528 for students who live out of state. And private four-year colleges charge the average or $26,273 each year in tuition and fees.

So tuition costs are rising at a level that far outpaces the growth in income of the normal American household. While income has grown by a factor of 5.5 in the last 40 years, the expense of attending circumstances college has increased by a factor of 15 for in-state students and by a factor of about 24 for out-of-state students. And the expense of attending an exclusive college has increased by way of a factor of more than 13.

And colleges are organizing tuition increases for the coming years. It is the big squeeze. For many American families, the imagine sending a child to college is slipping even further out of reach.

Crisis: American Colleges Will Close

Endowments at American colleges and universities have dropped dramatically during the current economic depression. At the University of Delaware, the endowment shrank by 24.8%. Gettysburg College lost 25.3%, and the list continues on and on.

Top-tier, well-funded institutions will weather the crisis. But a growing number of smaller American private colleges and universities already are finding it difficult to attract enough tuition-paying undergraduates to keep their doors open. With increasing frequency, these schools are making their troubles known.

There's another reason that colleges come in trouble. With having less jobs awaiting graduates, it is difficult to convince many American families that it's well worth paying $30,000, $40,000 or more per year to earn a college degree.

Crisis: American Students WILL UNDOUBTEDLY BE Unable to Train for Available Jobs

The times of the English major, the philosophy major, and the overall studies major could be numbered, as more students seek training for jobs that they can actually find after graduation. They're training as medical technicians, computer programmers and air-con technicians. Yet in the same way students are seeking practical training, the sources of that training are harder to get, for a few reasons.

First, community colleges are no longer offering just as much practical training because they once did. To attract more students, many have modified their course offerings to are more like private institutions. While President Obama has pledged to get heavily in community colleges and upgrade their training programs, the changes are long overdue.

Second, for-profit universites and colleges are in trouble. Many of them are being investigated right now by Congress due to shady recruiting practices and abuse of government programs for funding higher education. It seems likely a number of for-profit schools will shut their doors.

The result? American students will see it harder to get schools offering the practical training they have to secure jobs.

And everybody knows what can happen whenever a country's workers are under-trained, in comparison to workers far away. The result is going to be further damage to the American economy and business.

What Will Save American Higher Education?

The trends outlined above are grim. Yet the situation is far from hopeless. A variety of positive trends are at work that point to the chance that American higher education is not going away, but merely changing.

* America still has the strongest educational infrastructure in the world. We simply have more colleges and universities than any country. Several institutions are already reinventing themselves by offering distance learning options, three-year degree programs along with other incentives for modern learners.

* Americans' desire for education remains strong. With so many of our citizens hungering for learning, there's ample incentive for colleges to develop new learning options for them.

* The timeline of education has changed. More Americans are returning to college at all stages of life. The effect is that a larger pool of Americans that are interested in advanced schooling.

* Distance learning is getting into the forefront of American higher education. As Bill Gates predicted on August 9 in his talk at the Techonomy conference in Lake Tahoe, it is already possible to provide a college education over the Internet for less than $2,000.

In the end, we predict that American ingenuity will not only survive these crises, but turn America right into a new kind of community of learners.

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