To Save Their Fiscal Lives, Colleges Need to Embrace Online Ed

An increasing number of people are beginning to ask if the high prices charged by universities for a college degree are still justified in terms of the returns on the investment. This kind of thinking hasn’t yet had a substantial impact on college enrollment rates, but according to Roger Brinner, Partner and Chief Economist at The Parthenon Group, in as short a time as five years, this might no longer be the case. When that happens, universities who don’t take steps to address this potential problem today might be facing revenue crunches as a result of shrinking tuition payments and simultaneous cuts in state and federal funding.
To avoid this, Brinner proposes that college and university presidents and other higher education leaders work to make a college degree a better value for current and potential students. And one of the most effective ways to do that is to reap savings that will come from embracing online learning. Read more...