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Does Wealth Inequality among Universities Pose a Threat to the American Economy? (Part 4)

June 22nd, 2015 by dfarish

In the first three parts of this series, we initially looked at a report from Moody’s regarding the growing separation by wealth between a small number of extraordinarily rich colleges and universities and the very large number of institutions that are heavily dependent on tuition to fund their annual budgets. Subsequently, we reviewed the history of wealth acquisition by the very rich campuses and noted that it was a relatively recent phenomenon. Then we examined the consequence of this imbalance in wealth in terms of the long-term viability of tuition-dependent colleges and universities.

Does Wealth Inequality among Universities Pose a Threat to the American Economy? (Part 3)

June 1st, 2015 by dfarish

In Part 1 of this series, I examined a recent report from Moody’s that predicted growing economic separation between a handful of the wealthiest universities and the rest of higher education. Media coverage of the report did not examine the consequences to either higher education or the American economy, should Moody’s prediction prove true, nor did the coverage assess the accuracy of the analysis, something that I sought to address.

Does Wealth Inequality among Universities Pose a Threat to the American Economy? (Part 2)

May 14th, 2015 by dfarish

In Part 1 of this series, “It’s Good to Be the King,” I addressed a recent report from Moody’s Investors Services that predicted a growing separation of a relative handful of super-rich universities from the rest of higher education. I also considered the media coverage generated by the Moody’s report, and expressed my bewilderment that the report’s conclusions did not generate deeper analysis and greater concern.

Perhaps the reason that there was not more media attention and review was because Moody’s summation of the institutional wealth of the richest universities did not surprise many people. There is evidently a broad understanding – and perhaps even acceptance – that some universities have amassed significant wealth, and that the universities with the most recognizable names, and/or the strongest reputations, are often the wealthiest universities.

Does Wealth Inequality among Universities Pose a Threat to the American Economy? (Part 1)

May 6th, 2015 by dfarish

On April 16 of this year, Moody’s Investors Services published a report entitled “Wealth Concentration Will Widen for U.S. Universities.” This report was the subject of articles on the same day in such major media outlets as the Boston Globe, The Wall Street Journal and BloombergBusiness.

What Is the Purpose of Higher Education? (Part 4)

April 29th, 2015 by dfarish

Part 1 of this series, “Attack of the Politicians,” discussed the widespread notion that higher education’s purpose is, first and foremost, to prepare students for the workforce. Part 2, “Higher Education Strikes Back (Weakly),” focused on the idea that higher education actually serves a multitude of purposes, preparation for a career being perhaps the most important, but far from the only, purpose.

What Is the Purpose of Higher Education? (Part 3)

March 9th, 2015 by dfarish

In Part 1 of this series, “Attack of the Politicians,” I pointed out the growing consensus, particularly among some prominent Republican governors, that the primary purpose of higher education is to prepare students to obtain a well-paying job after graduation. In Part 2, “Higher Education Strikes Back (Weakly),” I noted the fragile balance struck by higher education faculty, regardless of whether their particular focus is in the liberal arts, in professional or applied fields, or in community college teaching, in support of the notion that higher education is a big tent, and there is room for several different purposes and outcomes for a college education. Different campuses have different missions; there is no single purpose that encompasses all of them.

What Is the Purpose of Higher Education? (Part 2)

March 2nd, 2015 by dfarish

In Part 1 of this series, “Attack of the Politicians,” I pointed out just how pervasive has become the branding of higher education by politicians and media pundits as being primarily – even exclusively – a mechanism for job preparation. And this idea is apparently not a passing fad. The idea that the value of college is to provide the training young people need to “get a good job” is being treated as a truism among a number of probable candidates for the Republican nomination for president in the 2016 election. In Part 1, I quoted Gov. Scott Walker of Wisconsin as a specific example.

Because the proposition that the purpose of higher education is job preparation is likely to become even more prominent in the coming months, it is important that we consider the origins and merits of this idea.

What Is the Purpose of Higher Education? (Part 1)

February 23rd, 2015 by dfarish

Recently, Gov. Scott Walker of Wisconsin, who some consider a potential contender for the Republican presidential nominee in 2016, has been in the news for comments he made when announcing his proposed state budget (The New York Times, Feb. 4 and Feb. 17, 2015; Inside Higher Ed, Feb. 5 and Feb. 16, 2015). In addition to calling for a $300 million, two-year cut in state appropriations to the University of Wisconsin system (a 13 percent reduction from its current appropriation), Gov.

Tuition-Free Community Colleges and the Law of Unintended Consequences

January 20th, 2015 by dfarish

On Jan. 9, President Obama announced the America’s College Promise proposal, an initiative which, if adopted and funded, would make an estimated nine million students eligible for an average of $3,800 per year in tuition assistance at community colleges throughout the nation, for an estimated cost of $60 billion. (“Fact Sheet: White House Unveils America’s College Promise Proposal: Tuition-Free Community College for Responsible Students”)

Modeled after programs in Tennessee and Chicago, the proposal is closely linked to other initiatives of the Obama presidency, including increases in the maximum value of Pell Grants; the expansion of education tax credits; pay-as-you-earn loans (wherein loan payments are capped at 10 percent of income); and so forth, all designed to address the president’s call for increasing the percentage of the adult population with an associate’s or bachelor’s degree from today’s level of approximately 40 percent to 60 percent by 2020.

A Democratic White House, a Republican Congress, and Higher Education: Now What?

January 13th, 2015 by dfarish

As President Obama begins the final two years of his second term, and as the next Congress takes office with both houses controlled by the Republicans, what might we expect to see coming out of Washington that will change the landscape for higher education?

College Rating Plan

In August 2013, the Obama White House announced a plan to create a rating system for colleges and universities. In the face of considerable opposition from many higher education organizations and individual campuses regarding the wisdom of any such plan, and the criteria to be used for rating campuses, the timeline for its release has been repeatedly extended.