BY BRIAN C. MITCHELL I’ve been thinking a great deal lately about how disruption will play out in American higher education. My hopes – and concerns – reflect a bedrock belief that America’s colleges and universities operate on an unsustainable finance model that must adapt to new realities. It is impossible to predict how many…
BY BRIAN C. MITCHELL Last month, Rick Seltzer reported in Inside Higher Education about a brewing controversy at Oberlin College, which is facing a significant financial shortfall. The College, including its prestigious Conservatory, faces a multi-million dollar deficit caused largely by lower-than-expected enrollment. A group of trustees charged with looking into Oberlin’s shortfall found that…
BY BRIAN C. MITCHELL In a recent Wall Street Journal article entitled “Baby Boomers Looking for Reinvention Try College — Again,” Douglas Belkin notes that “adult students have been a growing force at universities for more than a decade – mostly blue-collar workers or those pursuing advanced degrees focused on getting new skills.” Looking at…
BY BRIAN C. MITCHELL There has always been a historic tension between America’s colleges and universities and the government, whether at the state or federal level. It’s unavoidable. Once the government began to fund students and institutions in the late 20th century, its leaders believed that they had a right and responsibility to oversee the…
BY BRIAN C. MITCHELL In a thoughtful commentary on Philly.com recently, Pennsylvania State Treasurer Joe Torsella, offered an insightful perspective on Pennsylvania’s #1 national ranking for most college debt per student, a dubious distinction. The level has reached $35,000 at graduation, or roughly the price of a fully loaded, full–sized new car. It’s a growing…
BY BRIAN C. MITCHELL It’s hard to imagine how deeply the policies of the Trump Administration will affect America’s colleges and universities. As a group, these institutions are already undergoing substantial disruption. The old financial models under which most higher education institutions operate no longer work. The current path for many of them is not…
BY BRIAN C. MITCHELL There are a number of reasons why higher education no longer enjoys the level of status and prestige that it once did in American society. Public perceptions that confuse sticker price and the cost of attendance, the unwillingness or inability of many American families to share the financial burden incurred by…
BY BRIAN C. MITCHELL America’s colleges and universities are in the early stages of dramatic change. For many, the concentration has been on the development of new academic programs, designed to differentiate academic offerings among institutions and create new revenue streams. For others, efforts to find efficiencies internally or through participation in consortia have improved…
BY BRIAN C. MITCHELL Swirling around the debates over the high sticker price of higher education is a deeper conversation about the broken financial model that most colleges and universities continue to use to pay their bills. While the largest universities have more options based on the scale of their endowment, fundraising prowess, and research…
BY BRIAN C. MITCHELL Every solution offered by a college or university faces a pending crisis in a different way. Wealthy institutions have the resources to weather challenges by kicking the can down the road, often for decades. That’s why it is significant that Harvard University last week issued a warning about its financial constraints…