Notes

The Big Squeeze - The Coming Crisis in American Higher Education
Most Americans know that a crisis is happening in American advanced schooling.

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

Those trends make the news headlines every day. Yet they're only probably the most visible signs of deeper troubles that threaten to destabilize American higher education in the coming years. Let's have a closer look.

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 increased to $28,910. And by 2005, it had been $46,326. Those figures indicate that Americans today are earning about 5.5 the salaries they earned 40 years ago.

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

Today, in accordance with 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 an 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 within the last 40 years, the cost of attending circumstances college has increased by a factor of 15 for in-state students and by way of a factor of about 24 for out-of-state students. And the cost of attending an exclusive college has increased by a factor greater than 13.

And colleges are planning tuition increases for the coming years. It's the big squeeze. For many American families, the dream of sending a child to college is slipping even more 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 help 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 really is difficult to convince many American families that it is really worth paying $30,000, $40,000 or even more a year to earn a degree.

Crisis: American Students Will Be Struggling to Train for Available Jobs

The times of the English major, the philosophy major, and the general studies major may 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 conditioning technicians. Yet in the same way students are seeking practical training, the sources of that training are harder to find, for a couple reasons.

First, community colleges are no more offering as much practical training as 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. A number of them are being investigated right now by Congress because of shady recruiting practices and abuse of government programs for funding higher education. It seems likely that a number of for-profit schools will shut their doors.

salesforce training ? American students will see it harder to find schools that offer the practical training they need to secure jobs.

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

What Will Save American ADVANCED SCHOOLING?

The trends outlined above are grim. The situation is definately not hopeless. A number of positive trends are at work that time to the possibility that American higher education isn't going away, but simply changing.

* America still gets the strongest educational infrastructure on the globe. We simply have more universites and colleges than any country. A number of these institutions are already reinventing themselves by offering distance education options, three-year degree programs and other incentives for modern learners.

* Americans' desire to have education remains strong. With so many of our citizens hungering for learning, there is ample incentive for colleges to build up new learning choices for them.

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

* 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 on the internet for less than $2,000.

Ultimately, we predict that American ingenuity can not only survive these crises, but turn America into a new sort of community of learners.

StraighterLine is really a leader in making a quality college education more affordable making use of their online college courses. StraighterLines distance learning courses are a smart way to tackle the escalating cost of four-year educational costs and avoid a mountain of student debt.
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