Will higher education go the way of music albums and cable TV? Is it inevitable that the Internet will break apart degrees and colleges? Economists predict that colleges will soon become "unbundled" by the Internet.
Fortunately, they are wrong. It’s a fantasy that higher education is careening toward an unbundled future of consumer choice, lower prices, and efficiency. Those making such predictions just don’t understand the economics of higher education.
Arguments for unbundling ignore that, in higher education, the traditional rules of cost and demand are inverted. The most expensive products are the most in demand.
Google Pledges $3 Million to Singularity University to Make Graduate Studies Program Free of Charge Singularity HUB
Google has agreed to a two-year, $3 million contribution to Singularity University's flagship Graduate Studies Program (GSP). With this contribution Google will become the program's title sponsor.
Under the new agreement, Google will provide $1.5 million a year over the next two years. The funding covers the cost to attend for half of the 80 annual GSP participants. The other half, winners of SU's Global Impact Competitions, will continue to be offered a free spot at the program as well.
$50 Million For Naming Rights To New York's Mega Tech Campus Forbes
Cornell University’s developing tech campus in New York City just got a major cash injection. The investment, which comes from Verizon, gives the company the right to name one of the buildings within the campus.
Cornell’s new tech campus, developed in conjunction with the Technion-Israel Institute of Technology, began construction last month and is slated for completion in 2017. The overall campus will be 2 million square feet, have 2.5 acres of new green space housing for 2,000 students, 280 faculty, it is providing some 20,000 construction jobs and will ultimately offer 8,000 permanent jobs to the area.
Keywords: Cornell University, Technion-Israel Institute of Technology, Technology
Amazon Makes a Push on College Campuses The Wall Street Journal
Amazon has struck deals with three large universities—Purdue, UMass Amherst and UC Davis—to operate co-branded websites selling textbooks, fan shirts, ramen noodles and most other items available on Amazon.com.
The university initiative, known as Amazon Campus will offer unlimited next-day delivery on campus to Amazon Student Prime members. Also, it plans distribution centers on each campus where students can collect packages from code-activated lockers or from Amazon employees.
The Credit Hour Is Here to Stay, at Least for Now The Chronicle of Higher Education
The Carnegie Unit, more commonly called the credit hour, has been around for more than a century and it won’t be going anywhere anytime soon because, despite its flaws, the Carnegie Unit remains the best option for a common language in education.
That’s the conclusion of a report released by the Carnegie Foundation for the Advancement of Teaching. The report examines the role of the Carnegie Unit in an ever-evolving world of education.
Critics of the Carnegie Unit have argued that it is a poor indication of how much students have learned. But the report says that "It was never intended to be a measure of the quality of learning."
Keywords: Credit hour, Carnegie Unit, Higher Education
Check Out the Awesome Campus That is Transforming Durham, North Carolina Into a Startup Hub Business Insider
Tech companies based in Durham have long benefited from being able to recruit talent from the three universities of the Research Triangle: Duke University, North Carolina State University, and the University of North Carolina at Chapel Hill.
And now, the city is becoming a hub for young companies looking to get their ideas off the ground.
Keywords: North Carolina, Startups, Hubs, Technology
Video Applications Skyrocket University Admissions eCampus News
Does your institution think video admissions are just a flash in the pan gimmick? Well, it might be time to reconsider that stance.
One of the first colleges to utilize video submissions as a decisive factor in their admissions process has just completed their risky experiment; and according to student feedback and hard data, it was an innovation that paid off big-time.
Keywords: Higher Education, Admissions, Video applications
Harvard’s Endowment Remains Biggest of All The New York Times
Some things do not change: Harvard’s $36 billion endowment is still the largest of any university, according to the 2014 NACUBO-Commonfund Study of Endowments. The University of Texas System endowment, at $25 billion, was in second place, edging last year’s No. 2, Yale, at $24 billion. The average market value of college and university endowments increased 15.5 percent in the 2014 fiscal year, the study found, compared with 11.7 in 2013.
With a four-year college degree generally averaging around $80,000, a diploma is the most expensive piece of paper most people ever earn. Though it’s just a flimsy sliver of dead tree embossed with a stamp and signed by the lords of higher education, it’s also a symbol of the hard work that went into being admitted.
Unless, of course, you purchase your certificate from one of the dozens of websites offering fake diplomas for as little as $400. The Council for Higher Education Accreditation, which regulates the legitimacy of degrees in the United States, estimates that 100,000 fake degrees and diplomas are sold every year.