By Andrew Kelly. Yesterday’s column looked at how we might shift from a “pay as you go” model of student aid to a Human Capital Savings Account. Today’s ideas look at how we can better leverage private capital and investors to promote the public good. If you’re wondering why we need to reform our approach to higher education finance, you can either go back to part one or wait until tomorrow, when my colleague Awilda Rodriguez will release a new study of Parent PLUS loans. If you need proof that our financial aid system is fundamentally busted, look no further than PLUS loans. More...
How Western New England University is bucking higher ed's big correction
By Craig Douglas. Western New England University lacks the size and branding power to generate much attention in Massachusetts, or elsewhere for that matter. But its responses to the changing winds in higher education are worth a closer look among the many schools at risk of being swept out to sea.
To be sure, Western New England is fighting the tide, too. Its law school enrollment has been steadily sinking since 2009. Full-time undergrad numbers have teetered, while part-time and summer enrollments are off 20 percent over that same 5-year span. Other red flags — weaker selectivity rates among freshman applicants, a growing reliance on tuition discounts, meager endowment returns — appear to highlight a school struggling to keep up with the times. More...