Friday, October 26, 2012

Bad Debt

Great article in the NY Times about the downside of private versus federal student loans. Student Debt Debacles offers insight every student borrower should know going in.  The issue isn't simply about reducing debt, but is also about knowing how the lenders deal (or don't deal with you) over the life of the loan.

Friday, October 19, 2012

Next Giveaway!

Start your college journey with a free copy of "Back to School for Grownups"!   Kindle copies of the featured book "Back to School for Grownups" can be downloaded free of charge any time on October 20, 2012 at  http://bit.ly/Back2SchoolforGrownups.

Thursday, October 18, 2012

Has for-profit higher ed reached its peak?

The University of Phoenix announced today it will close 115 locations around the country.  An enrollment growth leader in the for-profit higher ed arena, at its peak the University of Phoenix could boast a student body of 400,000 students - making it the largest institution of higher education in the world.  Quantity doesn't always equate with quality, though, and several years of bad press targeting for-profit schools may have played a part in the decline.

To be clear, the U of Phoenix isn't shedding students.  It is shedding buildings.  Ironically, a higher ed institution known for its online presence is moving more online, if you will.  Students in the face-to-face or blended courses (in-person and online sessions) can transfer to online courses. 

So what message might this send to other institutions?  Stop building new buildings and invest in cloud technologies?  The only certainty demonstrated by the U of Phoenix's announcement is that higher ed continues to be in a state of flux - for all schools; public, private, for-profit.  One can only imagine what higher ed will look like when today's traditional-age students send their kids to college.