ICEF Monitor – Growing questions about the business model for higher education in the US
24 Feb 2015
For several years, higher education institutions in the US, and to some extent those in other major destination markets, have faced financial pressures that are, without a doubt, difficult to solve. These include:
Increasing competition amid an expanded range of educational choices available to students – including those offered by for-profit universities and institutions (both bricks-and-mortar organisations and increasingly, online institutions such as the University of Phoenix); Growing concerns among students and families as to the cost of education, as well as a greater interest in concrete indications of the return on educational investment (e.g., graduates’ employment rates in desired professional fields);
Increasing operating costs including higher technology costs and necessary salary increments for faculty and staff, at the same time as governments are reducing institutional funding and endowments are shrinking.
“Read the full article on ICEF Monitor” – Source: http://monitor.icef.com/2015/02/growing-questions-business-model-higher-education-us/