Current,Pressures facing U.S. higher education institutions continue to increase。Related statistics display,There will be approximately 800,000 fewer students pursuing undergraduate degrees bet365 bonus code indiana States in the 2021-2022 academic year than the previous year。Reduction of educational requirements in the labor market,Plus the increased cost of education for students,Resulting in the continued decline in enrollment rates in American colleges and universities,American higher education faces difficulties。Reasons surrounding the dilemma of American higher education、Problems such as countermeasures,Our reporter interviewed Gregory Price, professor of economics and finance at the University of New Orleans bet365 bonus code indiana States。
Demand for higher bet365 bonus code indiana is declining
Data released by the National Student Information Exchange Research Center,Undergraduate bet365 bonus code indiana continues to shrink in fall 2022,Down by 1 compared to 2021.1%。Doug Shapiro, executive director of the National Student Information Exchange Research Center,Undergraduate bet365 bonus code indiana rate has shown a historic downward trend for two consecutive years,Although the decline rate has slowed down,But returning to pre-COVID-19 bet365 bonus code indiana levels seems out of reach。
Price thinks,The decline in U.S. enrollment rates is related to U.S. demographics。The student population bet365 bonus code indiana States is shrinking,This sudden drop cannot be entirely attributed to the epidemic。According to the National Center for Education Statistics,In the past 9 years,U.S. enrollment has been declining。Price introduction,Before 1990s,U.S. enrollment reaches record high,Mainly depends on two aspects。First, the U.S. GI Bill provides veterans with the opportunity to return to school for education,Veterans enter university,Greatly increased enrollment;Second, the "baby boom" generation bet365 bonus code indiana States from 1946 to 1964 gradually entered the childbearing age,The increase in the number of newborns has also increased the enrollment rate。These two factors combine to push U.S. enrollment to highs,Also prompted the establishment of many new colleges and universities bet365 bonus code indiana States,Especially local colleges。However,Since the 1990s,The fertility rate bet365 bonus code indiana States continues to decline,Resulting in continued decrease in enrollment。In addition,There are too many higher education institutions bet365 bonus code indiana States,As the enrollment continues to shrink,Many colleges and universities eventually closed down。
Price analyzed the logic of people receiving higher education,That is, people are increasingly inclined to choose majors with high returns in the labor market。Long time,People go to college to pave their future career path,A college degree is seen as the only magic weapon to enter the high-paying job market。But now many people find out,Want to have a successful career,A degree is not necessary。There is currently a huge demand for skilled technicians bet365 bonus code indiana States,Plumber、Blue-collar workers such as carpenters don’t need a college degree to earn the same salary as white-collar workers。Google、Facebook、You can apply for positions at well-known companies such as Apple without a college degree。More companies are aware,Even without a college degree,There are also many professionals who meet the job requirements,A college degree is not the only proof of an applicant’s ability。Based on this,Many people no longer blindly pursue university studies。US Gallup poll shows,2019,51% of U.S. adults believe a college degree is “very important”,And in 2013,This figure is as high as 70%。Across all groups,Adults aged 18-29 have the fastest decline in their positive views of a college degree,Dropped from 74% to 41%。
At the same time,The cost of higher education bet365 bonus code indiana States continues to increase。According to U.S. News and World Report,In recent years,American public university tuition fees have risen at an alarming rate。To many people,The cost of a college degree is beyond affordability,And the cost of schooling and the return on investment are increasingly imbalanced,This further erodes public confidence in higher education。
bet365 bonus code indiana are facing financial crisis
At the beginning of the epidemic sweeping the world,Hundreds of universities bet365 bonus code indiana States were forced to stop offline teaching,Faced with declining enrollment、Problems such as reduced state government funding support,The financial pressure on American higher education institutions is increasing。To study how universities respond to crises,The Heckinger Report conducted a financial stress test on different higher education institutions bet365 bonus code indiana States,Key indicators include enrollment rate、Tuition fee income、Public and Donated Funds。Schools in the bottom 20% for each metric will display a warning flag。Stress test result display,Long before the epidemic,American universities have shown warning signs of financial crisis。Across the United States,More than 500 colleges and universities display warning marks on two or more indicators。
Researchers believe,There are three main reasons for the financial crisis in American colleges and universities: First, the decrease bet365 bonus code indiana number of teenagers,That is, the number of high school graduates has decreased,Resulting in lower enrollment rate,School tuition income dropped sharply;Second, U.S. state financial support has decreased significantly since the global financial crisis from 2007 to 2009;Third, many universities have poor financial management,Even increasing expenditures even as enrollment declines,For example, new buildings, etc.。In this context,Universities may collapse under financial pressure,Even an orderly shutdown,Students’ education will also be severely disrupted,Unable to successfully complete studies。
Price mentioned,People generally pursue majors with high returns bet365 bonus code indiana labor market,This puts pressure on the humanities and social sciences,Willing to learn、Few students studying related courses。However,This type of major is an important part of the curriculum of higher education institutions。Therefore,Universities must actively adjust their curriculum structure,Adapt to this trend,Attracting more and more students to choose humanities and social sciences。
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Data from the National Center for Education Statistics,2014-2020,607 colleges bet365 bonus code indiana States have closed or been merged。2018-2019 was the year with the highest number of college closures on record,reached 236。In crisis,There are also some schools that see opportunities,Started to acquire other institutions to expand influence。For example,Northeastern University has established a dedicated M&A team,Valuing and reviewing the balance sheets of dozens of distressed universities bet365 bonus code indiana States and abroad。After some investigation,Northeastern University acquired Mills College bet365 bonus code indiana States,Not only assumed the debt of Mills College,Also invested US million to build a research institute,To support its original academic research,Also retaining the colleges originally planned to close。School mergers can expand the enrollment base,Increase curriculum diversity,Create scale effect。
How American universities can adjust their development strategies to avoid bankruptcy,Price made the following suggestions。First,Colleges can attract non-traditional adult students to study on campus,They are older than traditional high school graduates,Also eager to continue bet365 bonus code indiana。Second,Universities can focus on attracting international students,Especially students from countries where higher bet365 bonus code indiana is in short supply。Third,Struggling colleges and universities may also consider adopting distance learning technologies,To expand enrollment coverage。For example,Arizona State University and the University of Maryland are two typical examples,These two universities actively offer undergraduate and graduate students the option to pursue online degrees,Greatly increased the number of students enrolled。Fourth,When seeking to merge or collaborate with other institutions,Universities can expand their horizons to foreign institutions,To create scale effect。
In addition to the efforts of universities themselves,Price also suggested,The U.S. federal government should increase financial aid。The current financial aid provided by the government has not kept pace with the rising actual cost of education,The maximum federal Pell Grant amount is approximately ,000,Only covers 17% of the average cost of higher education bet365 bonus code indiana States。
In addition,Price thinks,There are too many traditional higher education institutions bet365 bonus code indiana States,However, the current public demand for traditional knowledge is less than the demand for vocational education。Vocational education may bring measurable high returns in the short term,American universities need to rethink their brand positioning,Become a technical college capable of providing vocational education。
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