As tuition costs rise, there is a growing desire from parents and student to justify those costs. Parents and students desire to understand what their full potential will be after spending time and money to attend a college or university.
Below is an article from insidehighered.com that provides details on how colleges and universities are managing the desire for accountability for the value of the education they are providing. After reading the article, give us a call at SpendBridge so we can assist you with managing costs within your procurement and accounts payable departments.
Source: insidehighered.com | Re-Post SpendBridge 7/22/2018
Colleges are facing more pressure to prove that the credentials they issue are worth the time, money and effort students put into earning them. Robert Kelchen, an assistant professor of higher education at Seton Hall University, attempts to make sense of this building pressure in a new book from Johns Hopkins University Press, Higher Education Accountability.
Kelchen takes a wide scope that tracks the history of efforts to prod colleges to do better, while also looking at the current environment and giving clues about what’s to come. We interviewed him via email about the book, which resulted in the following exchange.
Q: What’s driving the accountability push you describe in the book? Will the scrutiny continue to increase?
A: Colleges are facing tougher accountability pressures for two main reasons. The first is due to the rising price tag of higher education. Tuition and fees have increased far faster than the rate of inflation, overwhelming state and federal efforts to increase grant aid for students — $1.4 trillion in student loan debt has gotten the attention of both politicians and the general public. The second reason is because of concerns about the quality of higher education. Colleges are under pressure to demonstrate that their students learned material that is valuable after college, and there is also a growing amount of skepticism about whether college is a worthwhile use of time and money. The growing political polarization around higher education also plays a role here. I see this scrutiny increasing over the next few years, as tuition looks unlikely to decrease and most colleges have not done enough to demonstrate their value too much of the public.