How to Separate Higher Education Politics from Facts

The politics of higher education confuses and distracts you from the decisions you need to make. What you need are facts. Here is a separation of higher education politics from the facts you need.

Buzz Today Source: The New York Times “College, the Great Unleveler” And because some colleges actually hinder social mobility, what increasingly matters is not just whether you go to college but where…More Americans than ever enroll in college, but the graduates who emerge a few years later indicate that instead of reducing inequality, our system of higher education reinforces it…Higher education is becoming a caste system, separate and unequal for students of different family incomes. Where students attend affects their chances of graduating and how indebted they will become in the process…invest more in Pell grants and community colleges It is a fact that community colleges represent a much lower cost of education. Typically the average annual cost is $3,000 to attend a community college. This makes enrollment at a community college a very attractive means to get an associate’s degree or the credits for the “gen ed” of a bachelor’s degree. But this choice is not without its negative implications. As the comments in BUZZ Today indicate, “where students attend affects their chances of graduating.” This statement could not be more accurate when it comes to the decision to attend a higher cost four year institution vs. going to a community college first. According to the US Department of Education, the official six-year graduation rate for four-year public universities is 57% compared to the official three-year graduation rate of 22% for public two-year colleges.

So what is the take away for you as you look at these facts? The take away is that the success you achieve from education depends far more on what you bring to your education than the specific institution you attend. Harvard University graduates well over 90% of its students. The reason Harvard has such a high graduation rate is because it is so highly selective at admissions. Conversely, community colleges have open enrollment, essentially admitting anyone and everyone. The fact is that Harvard students are more qualified from the point of admission which significantly increases the graduation rate from the institution.

Here is the bottom line of the politics vs. facts of higher education. When it comes to your individual success, the most important thing is what you put into your education. If you could get into Harvard University you would most likely graduate, not because of the institution, but because of “who you are”. Conversely, should you decide to go to a community college first, the fact is that, just as in the Harvard University case, your success will depend much more on “who you are” than the characteristics of the institution.

So when it comes to politics and policy, there is a lot of energy being expended on the institutional issues – for-profit vs. not for profit, selective admissions vs. open enrollment, high cost vs. low cost, etc. In the end, the fact is that your success in education depends most upon the decisions that you make about yourself. For help with those personal decisions see “Your Future is Calling” for how to tips, help and useful exercises.

What You Need to Know About Careers and Education

Learn Prosper is real. Two out of three jobs available today require some form of learning credential. There are millions of job opportunities every month. The overwhelming majority of those opportunities require that you have education credentials to even be considered. The BUZZ Today has the data. The analysis is in the body of this post.

Buzz TodaySource: US Bureau of Labor Statistics There were 4.0 million job openings in December 2013 and there were 4.4 million hires in December 2013. This makes a total of 8.4 million opportunities to find a new job or career in one 30 day period at the end of 2013.

The argument is over education in the future. There is a lot of debate about whether the forecasts for future jobs are real or not. The Lumina Foundation has a big goal: “To increase the proportion of Americans with high-quality degrees and credentials to 60% by the year 2025”. Another forecast of the demand for degree credentials comes from the highly regarded Georgetown University Center for Education and the Workforce which forecasts that the decade growth ending in 2018 will create 47 million new job openings. Of those new jobs, the forecast is for nearly two-thirds of them to require some post-secondary education.

Recently, some have argued that the value of an education is overstated and that forecasts of future labor demand are flawed.  Much of this argument is entangled with the fact that higher education has become too expensive. This fact is true. Higher education in America has become too expensive. But this is a different issue than whether labor markets demand an education.

The BUZZ Today data shows that there are millions of positions available in the labor markets today – 8.4 million opportunities last December alone to be precise. The jobs are there. What you need to know is what it takes to qualify. Here additional information is valuable.

The massive job posting service Monster.com has studied the mix of current job postings on their web site. What they found is that 60% of those postings required a bachelor degree or above. This is data on the job market today, not some contested forecast about future labor market conditions.

There is one additional fact that you need to know about this issue of career opportunities and education. Companies are receiving massive numbers of resumes for every position. To handle this very real challenge, most large companies use resume screening software to qualify job applicants. If your resume does not match the key words and qualifications of the job posting you will not get an interview. The bottom line is that for the vast majority of the millions of job opportunities you must have a degree credential to even be considered for the position. Without the credentials, it is extremely unlikely that you will be invited to interview.

The main conclusion is that an education vastly increases your chances for a new career. For personal guidance on how to most efficiently obtain that education, go to Your Future is Calling. The book is full of helpful guidance on linking “who you are” to careers and the education path you need to get to the future you desire.

Five Things You Need to Know to Determine: “Is College Worth It?”

Not needed. High debt. No Job. Too costly. These are all things people are saying these days in answer to the question: “Is College Worth It?”. The two extreme answers are ALWAYS and NEVER (see BUZZ Today here). Neither of these answers is correct. If always and never are incorrect, the answer must lie somewhere in between these two absolutes. Indeed it does, which leads to the real question you should be asking which is: “When is College Worth It?” It is the answer to this question which will help you make better decisions for yourself and your children.

Buzz TodaySource: Alen Weiss, The Fallacy of College. “College not only isn’t for everybody, it might not be for anybody.” In contrast: Source: Time, December 2013, Gallup Poll – Majority of Americans Think College Education Is ‘Very Important’. The Gallup poll found that seven in 10 Americans consider a college education to be “very important,” up from 36 percent in 1978. Only six percent of respondents said college education was “not too important.”

First Thing You Need to Know Any college degree that traps you in a life of misery is not “Worth It” no matter how much or how little you spend to earn that degree. Misery is about you. It is not about college or even jobs. You have to begin with “who you are”. The decisions you make about college majors, careers and specific universities all must be linked to you and what fulfills you as an individual. This is the starting place for your college decisions that I talk about in Your Future is Calling.

Second Thing You Need to Know  One of the things that significantly increases the cost of college is the tradition of using the college to “find yourself”. This might have been an option in the good old days. It is the best option today. Going to a campus for five or six years is just too expensive today. There are much more efficient ways to get answers to this critical question. Degree Accelerator and Caliper assessment.are proven online instruments to efficiently get at the “who you are” question.

Third Thing You Need to Know The career you pick as well as the college you pick have significant impact on your earning power. But what is traditionally done is to pick a college or university and then figure out what to study. This is what I call Major – Major – Major in Your Future is Calling.  The Major – Major – Major decision is one of the main reasons the average number of credits of college graduates is on average over 10% more than than required for graduation. This excess both delays earning income and increases student debt.

Fourth Thing You Need to Know The vast majority of students pay only about one half of the list price of tuition, yet 54% of the potential students judge a college’s expense by sticker price alone without considering aid that could be offered. If you pay double the cost for tuition it makes every degree less likely to be “Worth It” from a financial point of view.

Fifth Thing You Need to Know Beyond getting the best discount. In college language this is stated in terms of grants and merit scholarships. In addition there additional way that the total cost of the education can be reduced

– Enroll in a community college to get a low cost education for your first two year general education requirement.

– Test out competency with CLEP testing from the non-profit College Board.

– Earn credit for prior learning assessment for life experience from CAEL and Learning Counts.

In summary, the five things that you can do to increase the answer YES to the question: “When is College Worth It?” are listed in summary here:

Use modern tools to determine “who you are”. Use data available on O*NET or Bureau of Labor Statistics to select a career before taking your first class. Learn what the average grants and merit scholarship awards are at the college you plan to attend. Know the facts on tuition costs and negotiate. Further reduce costs by avoiding Major – Major – Major. Finally further reduce costs through the approaches listed in detail in the Fifth item listed above.

Credentials Matter

Degrees are important. They matter to both employers and students. Markets confirm that it is not just about what you learn. It is also about what your learning communicates to others. In many cases, having known credentials are required to even be considered.

BUZZ Today Source: Georgia Tech Announces Massive Online Master’s Degree in Computer Science While courses related to OMS CS (Online Masters Degree in Computer Science) will be available free of charge on the Udacity site, only those granted admission to Georgia Tech will receive credit. Degree-seeking students will pay tuition based either on individual course or the entire degree program. Georgia Tcch and Udacity also will develop a separate credential for those who successfully complete courses but do not qualify for full graduate standing. Source: Harvard University faculty member blog on Computer Science CS50x MOOC: CS50x’s “completion rate” is (defined as submission of all work with scores of at least 60%) was .9% out of 150,349 who registered. By contrast, 702 out of 706 students (99.6%) “completed” CS50 on campus this past fall (2012).

The experiments with MOOCs are revealing some important information about how students are viewing the MOOC value proposition. Let’s look at the Georgia Tech Masters degree in computer science. With help from AT&T this innovative and highly cost competitive master’s degree will cost $7,000 to the student. This cost for a master’s degree from a highly prestigious university is rightfully being hailed as a real break through in the cost of an accredited degree. The development has been praised as true innovation. It is.

But what is interesting for the discussion here, is how the students admitted to the degree granting program view the MOOC. As with CS50 at Harvard, the MOOC will deliver the exact same content to both admitted university students and anyone who desires to take the program content. In both the Harvard and Georgia Tech situations, students enrolled in the credit granting activity (CS50 in the Harvard University case and OMS CS admitted students in the Georgia Tech case) have the option to take the same course as a free MOOC. They could have the same content without paying any tuition whatsoever.

So if it were just about the content of the courses, why wouldn’t every student qualified to be admitted and paying tuition simply take the free MOOC instead? The only plausible answer, is that the students with the choice value the credential associated with the tuition. In the case of the Georgia Tech master’s degree, the value of the credential is at least $7,000. This is a bargain compared to traditional master’s programs, but relatively expensive when compared to free. The same thing can be said about CS50x at Harvard where the cost for the CS50 degree related course on campus is at least several thousand dollars. Credentials matter.

A couple of conclusions are immediately evident. The first is that to be a true substitute for the existing traditional higher education model MOOCs will have to address the credentialing issue. The specifics in BUZZ Today tells us that simply issuing a separate certificate is not sufficient to give the student the value gotten in an accredited degree program. To be truly viable alternatives, it is likely that the MOOC model will have to incorporate some of the attributes of accredited degrees. Some of these attributes will no doubt include selectivity and admission qualifications, faculty support, infrastructure support including mentoring, coaching and advising. These, along with investment in content development, will require a revenue model for investment funding. As a result, it is highly likely that at least a portion of the current MOOC phenomenon will become MOC (Massive Online Courses) with non-zero cost to fund the services that are part of a market valued credential. Another implication is that valued higher education requires more than prestigious course content.

The other dimension of the Credentials Matter conversation is the role that employers play. Job position postings overwhelmingly specify accredited degree credential requirements. The qualifications segment of those job postings do not typically say: “The following MOOCs required: _____, _______,______” They most often state:

“Bachelor’s degree required with 3-5 years experience in the field.” Credentials matter to employers too.