How The Financial Crisis And Great Recession Affected Higher Education
How The Financial Crisis And Great Recession Affected Higher Education Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of How The Financial Crisis And Great Recession Affected Higher Education book. This book definitely worth reading, it is an incredibly well-written.
Author : Jeffrey R. Brown,Caroline M. Hoxby Publisher : University of Chicago Press Page : 343 pages File Size : 55,7 Mb Release : 2015-01-08 Category : Business & Economics ISBN : 9780226201832
How the Financial Crisis and Great Recession Affected Higher Education by Jeffrey R. Brown,Caroline M. Hoxby Pdf
The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Author : Susan J. Hunter Publisher : Emirates Center for Strategic Studies and Research Page : 24 pages File Size : 54,6 Mb Release : 2013-10-21 Category : Antiques & Collectibles ISBN : 9789948146858
The Global Financial Crisis by Susan J. Hunter Pdf
As with most sectors, higher education did not escape impact from the credit crisis caused by high-risk mortgage loans to individuals who could not afford to maintain the payments. The ensuing stock market crash created a cascade of loan defaults that produced portfolio declines of about 33 percent, creating a ripple effect throughout the entire economy. Because the majority of states were affected by the crisis, the United States Congress passed the American Recovery and Reinvestment Act (ARRA) in 2009. ARRA was a stimulus package and a portion of the funding was aimed at offsetting state budget cuts in the fiscal years 2009–2012. By the beginning of 2011, most of the ARRA funds had been depleted by states, so it is likely that they will not have federal funds to mitigate impacts occurring in future years. At least 43 of the 50 states have cut assistance to public universities since 2009, although states have been unevenly affected by the crisis. Overall appropriations for higher education decreased 3.8 percent nationwide between 2007 and 2012. The 2008 financial crisis resulted in a tightening of credit availability, making it more difficult for students to secure loans, which are commonly used to pay for higher education in the United States. Other forms of financial aid such as grant funding from the government also became scarcer. The combination of tough economic times and the inability to secure funding to pay for education caused some students to delay or discontinue higher education. The financial crisis also affected student decisions on where to attend college. Students began searching for more affordable options, such as staying in their home state and attending public institutions or choosing a community or technical college. Across Europe, the effects of the financial crisis on higher education systems were expressed unevenly, with some countries reporting increases in funding for research and teaching while others reported budget cuts greater than 10 percent. Higher Education in Asian countries was also affected unevenly by the crisis. UNESCO reported that some Asian countries successfully implemented stimulus packages and other forms of government assistance to lessen the impact of the crisis on higher education.
COVID-19, the Great Recession and Young Adult Identity Development by Bronwyn Nichols Lodato Pdf
This book offers a paradigm shift in the framing of identity development by advancing a new, shock-sensitive framework for diverse young adult identity development after high school. The author builds on the critical theoretical contributions of Urie Bronfenbrenner and Margaret Beale Spencer that highlight the person-context nature of development and the dynamic nature of vulnerability, risk, and coping. The inclusive, policy-relevant theoretical approach emerges from the author’s mixed-methods study that examines the context-dependent identity development experiences of young adults. The book also accounts for the unique person-context dynamics during the Great Recession and COVID-19 global shocks that drive how diverse young adults make meaning of risk as they cope with the shock-related disruptions on their individual postsecondary journeys toward building their adult identities. Given that the qualitative interview component of the study occurred during the COVID-19 pandemic, this research offers a unique, in-real-time vantage point from participants who are making meaning of their choices and decisions as the shock was underway. The book also tracks the heightened importance of online tools during this period and the implications of virtual contexts where developmental activities are pursued, such as online education, work, and socializing. Advancing a new, shock-sensitive, interdisciplinary theory of identity development in postsecondary journeys of diverse young adults, it will appeal to scholars and students at the graduate level working across psychology, human development, educational psychology, sociology of education, and public policy.
American Higher Education by Christopher Roellke,Jennifer King Rice Pdf
This series provides a scholarly forum for interdisciplinary research on the financing of public, private, and higher education in the United States and abroad. The series is committed to disseminating high quality empirical studies, policy analyses, and literature reviews on contemporary issues in fiscal policy and practice. Each themed volume is intended for a diversity of readers, including academic researchers, students, policy makers, and school practitioners. The first volume in the series, Fiscal Policy in Urban Education, addressed the continuing challenge of large, complex urban school systems to operate both equitably and efficiently. Guest edited by Faith Crampton and David Thompson, the second volume in our series, Saving America's School Infrastructure, examined the relationship between the physical environment of schools and student achievement. The third volume, High Stakes Accountability in Education: Implications for Resources and Capacity, compiled a diversity of research studies focused local, state and national efforts to respond to the reauthorization of the federal Elementary and Secondary Education Act, commonly referred to as No Child Left Behind (NCLB). In this fourth volume, attention is turned to both theoretical and pragmatic concerns in American higher education. During the final stages of the preparation of this manuscript, our schools, colleges, and universities have been confronted with what can be referred to as a “once in a century” set of challenges. As the global COVID 19 pandemic penetrated the United States in early 2020, colleges and universities have scrambled to address this ongoing public health crisis. Emergency task forces were established, campuses were shut down, faculty moved their instruction to virtual formats, and the entire higher education industry braced itself for the financial fallout. In addition to having to invest additional resources in classroom technology, ventilation, and personal protective equipment, colleges and universities continue to respond to revenue shortfalls, including reductions in both tuition and room and board revenue. This financial landscape requires judicious policy-making and research informed practice. With this in mind, contributing authors were asked to pay specific attention to contemporary challenges and opportunities during a pivotal period in America’s colleges and universities. The contributing authors were asked to think of policymakers and practitioners at local, state, and national levels as the intended audiences for their work. Our contributors responded with a collection of studies examining the impact of federal and state policymaking on higher education finance and on specified educational outcomes and practices. Throughout the volume, particular attention is paid to issues of equity and adequacy in American higher education, including the deployment of incentives and structures that support the access and achievement of traditionally underrepresented students.
Economics of Higher Education by Robert K. Toutkoushian,Michael B. Paulsen Pdf
This book examines the many ways in which economic concepts, theories and models can be used to examine issues in higher education. The topics explored in the book include how students make college-going decisions, the payoffs to students and society from going to college, markets for higher education services, demand and supply in markets for higher education, why and how state and federal governments intervene in higher education markets, college and university revenues and expenditures, how institutions use net-pricing strategies and non-price product-differentiation strategies to pursue their goals and to compete in higher education markets, as well as issues related to faculty labor markets. The book is written for both economists and non-economists who study higher education issues and provides readers with background information and thorough explanations and illustrations of key economic concepts. In addition to reviewing the contributions economists have made to the study of higher education, it also examines recent research in each of the major topical areas. The book is policy-focused and each chapter analyses how contemporary higher education policies affect the behaviour of students, faculty and/or institutions of higher education. "Toutkoushian and Paulsen attempted a daunting task: to write a book on the economics of higher education for non-economists that is also useful to economists. A book that could be used for reference and as a textbook for higher education classes in economics, finance, and policy. They accomplish this tough balancing act with stunning success in a large volume that will serve as the go-to place for anyone interested in the history and current thinking on the economics of higher education.” William E. Becker, Jr., Professor Emeritus of Economics, Indiana University
Author : Richard J. Joseph Publisher : Oxford University Press Page : 273 pages File Size : 52,7 Mb Release : 2022-11-03 Category : Business & Economics ISBN : 9780192664426
Bridging the Gap between the Abundance of American Higher Education Talent and the Immense Foreign Demand for It by Richard J. Joseph Pdf
The gap between the abundance of American higher education talent and the immense foreign demand for it is the great chasm in global education. It is a gulf of lost opportunities. It is also a space of great economic potential. This book describes the great chasm, examines factors underlying it, and suggests ways to bridge the gap to realize this potential. The abundance of talent stems from the slackening growth of the U.S. higher education sector in the New Millennium. Contributing to the slowdown are flat enrollments, adverse demographic trends, U.S. visa restrictions, and intensifying competition. The immense foreign demand has been fueled by the secular expansion of the global economy. It has been shaped by the pressing need in emerging markets to develop an educated workforce. The great chasm creates an opportunity for American academic institutions to extend their global reach. Bridging the gap, however, is not an easy feat for most U.S. colleges and universities. It is complicated by an institutional culture that is averse to commercialization, an organizational structure that is operationally slow, and a governance system that often leads to indecision, conflict, and paralysis. Bridging the gap requires fundamental changes in the culture, organization, and governance of traditional U.S. academic institutions. These changes will pave the way for international expansion, which could enhance the financial well-being of these institutions, the social-well-being of less developed nations, and the critical role that America plays globally in knowledge creation, the dissemination of ideas, and the pursuit of the truth.
Adjunct Faculty in Online Higher Education: Best Practices for Teaching Adult Learners by Tarbutton, Tanya McGlashing,Doyle, Lori Beth Pdf
Adjunct Faculty in Online Higher Education: Best Practices for Teaching Adult Learners is an essential handbook that delves into the pivotal role of adjunct faculty instructors in the booming realm of online higher education, with a specific focus on adult learners. As the demand for online education continues to soar, administrators, program directors, and adjunct faculty instructors alike are presented with unique challenges and opportunities. This comprehensive guidebook provides a wealth of knowledge and best practices for adjunct faculty instructors seeking to excel in online teaching roles. With a keen understanding of the competitive nature of the field, this book equips instructors with valuable insights that will set them apart in the ever-expanding landscape of higher education. University administrators and program directors will also find immense value in the book's content, which explores strategies for providing professional development to adjunct faculty and designing effective evaluations to support continuous improvement. Recognizing the paramount importance of the student experience, the book emphasizes the crucial role played by adjunct faculty in representing their respective institutions. Covering a wide range of topics, from the historical context of adult learners to the challenges associated with being an adjunct instructor, this handbook serves as a comprehensive guide for both aspiring and experienced adjunct faculty members. It offers practical advice on curriculum design, personnel development, and evaluation methods, empowering administrators and directors alike to make informed decisions in hiring and supporting adjunct faculty instructors.
Author : Jennifer A. Delaney Publisher : American Educational Research Association Page : 323 pages File Size : 48,6 Mb Release : 2023-10-30 Category : Education ISBN : 9781960348982
Volatility in State Spending for Higher Education by Jennifer A. Delaney Pdf
The severity of cuts and the unpredictability in state funding for higher education have garnered headlines across the nation since the turn of the present century. In this context, the authors in this new groundbreaking volume argue that too little attention is paid to the consequences of volatility in funding, as most discussions focus on levels of funding. Their research addresses an important blind spot in the academic literature since predictability matters—to institutions, students, families, and states. In addition, the risks of operating in an uncertain financial environment have led to behaviors that are not always in the best interests of states, institutions, faculty, students, or the public good.
Productivity in Higher Education by Caroline M. Hoxby,Kevin Stange Pdf
How do the benefits of higher education compare with its costs, and how does this comparison vary across individuals and institutions? These questions are fundamental to quantifying the productivity of the education sector. The studies in Productivity in Higher Education use rich and novel administrative data, modern econometric methods, and careful institutional analysis to explore productivity issues. The authors examine the returns to undergraduate education, differences in costs by major, the productivity of for-profit schools, the productivity of various types of faculty and of outcomes, the effects of online education on the higher education market, and the ways in which the productivity of different institutions responds to market forces. The analyses recognize five key challenges to assessing productivity in higher education: the potential for multiple student outcomes in terms of skills, earnings, invention, and employment; the fact that colleges and universities are “multiproduct” firms that conduct varied activities across many domains; the fact that students select which school to attend based in part on their aptitude; the difficulty of attributing outcomes to individual institutions when students attend more than one; and the possibility that some of the benefits of higher education may arise from the system as a whole rather than from a single institution. The findings and the approaches illustrated can facilitate decision-making processes in higher education.
The Promise of Higher Education by Hilligje van't Land,Andreas Corcoran,Diana-Camelia Iancu Pdf
This book is a collection of short essays, accessible through open access, which takes the interested reader on a tour across the global higher education landscape. It addresses pertinent themes and challenges in higher education. To mark the 70th anniversary of the International Association of Universities (IAU) and its role in higher education since 1950, experts from around the world share their insights into higher education’s recent past, present and future. The book is divided into six parts: Part I – “70 years of Higher Education Cooperation and Advocacy” looks back at key events in IAU’s history, its mission and significant activities over time, and remarks on the current global context informing its quest to promote academic partnerships and solidarity on a global scale. Part II – “Facilitating International Cooperation” provides for different perspectives on the transformation of the internationalisation of higher education and the contribution of higher education to international cooperation. Part III – “Coding the Values” debates the values upon which higher education was, is and will have to be built to provide for a democratic and inclusive society. Part IV – “The Changing Landscape” analyses various aspects of the transformation of higher education in an evolving context across the globe. Part V – “The Promise of Education” reflects on the role of higher education, its ideals and shortfalls and what it must do to stay true to its promise to help shape our societies. Part VI – “Opening up – The Future of Higher Education” focuses on future scenarios of higher education and call on the reader to envision a different kind of higher education and reimagine the contribution of higher education to society, as well as future roles for the IAU. The book will be of interest to higher education policy makers and academics. It is also of interest to the general public, as it provides a comprehensive overview of the challenges higher education institutions currently face and suggests scenarios of what the future of education might look like.
Beyond Free College by Eileen L. Strempel,Stephen J. Handel Pdf
Beyond Free College outlines an audacious national agenda—consistent with, but far more comprehensive than, the current “free college” movement—that builds on the best of US higher education’s populist history such as the G.I. Bill and the community college transfer function. The authors align a wide constellation of higher education trends—online learning, prior learning assessment, competency-based learning, high school college-credit— with a rapidly shifting student transfer environment that privileges college credit as the pivotal educational catalyst to boost access and completion. The book’s agenda seeks greater productive investment in postsecondary education by privileging a single metric—lower-cost-per-degree-granted—as the animating driver of a transfer pathway that will fulfill the potential of its historical, progressive innovators. Beyond Free College’s goal is as simple as it is urgent: To galvanize higher education advocates in an effort to reorganize, reorient, and reignite the transfer function to serve the needs of a neotraditional student population that now constitutes the majority of college-goers in America; and in ways that advance completion, not just access to higher education.
Higher Education Response to Exponential Societal Shifts by Freeman, Jerrid P.,Keller, Cari L.,Cambiano, Renee L. Pdf
Based on a structure developed centuries ago, higher education systems are being challenged to alter their landscape and culture. With a rapidly changing knowledge base, job market, and societal and community needs, it is imperative that higher education systems remain adaptive and responsive. However, critical changes must still occur within the higher education system in order to accommodate these new societal needs. Higher Education Response to Exponential Societal Shifts is a critical scholarly publication that provides cutting-edge research on the facilitation of professional growth and commitment to lifelong learning and empowers leaders to be change agents who creatively solve leadership challenges. The book promotes the development of leaders who are committed to service, fairness, equity, and cross-disciplinary collaboration in diverse communities and the global venue and prepares them with the vital knowledge and skills needed to become effective leaders in today’s complex world. Featuring a wide range of topics such as faculty development, accreditation, and higher education, this book is ideal for teachers, deans, chancellors, provosts, academicians, administrators, policymakers, curriculum designers, researchers, and students.
Lesson Plan by William G. Bowen,Michael S. McPherson Pdf
Why and how American colleges and universities need to change in order to meet the nation's pressing needs American higher education faces some serious problems—but they are not the ones most people think. In this brief and accessible book, two leading experts show that many so-called crises—from the idea that typical students are drowning in debt to the belief that tuition increases are being driven by administrative bloat—are exaggerated or simply false. At the same time, many real problems—from the high dropout rate to inefficient faculty staffing—have received far too little attention. In response, William G. Bowen and Michael S. McPherson provide a frank assessment of the biggest challenges confronting higher education and propose a bold agenda for reengineering essential elements of the system to meet them. The result promises to help shape the debate about higher education for years to come. Lesson Plan shows that, for all of its accomplishments, higher education today is falling short when it comes to vital national needs. Too many undergraduates are dropping out or taking too long to graduate; minorities and the poor fare worse than their peers, reinforcing inequality; and college is unaffordable for too many. But these problems could be greatly reduced by making significant changes, including targeting federal and state funding more efficiently; allocating less money for "merit aid" and more to match financial need; creating a respected “teaching corps” that would include nontenure faculty; improving basic courses in fields such as math by combining adaptive learning and face-to-face teaching; strengthening leadership; and encouraging more risk taking. It won't be easy for faculty, administrators, trustees, and legislators to make such sweeping changes, but only by doing so will they make it possible for our colleges and universities to meet the nation’s demands tomorrow and into the future.
