...Case Study: Economic Crisis and Higher Education in the United States The 2008–2012 economic failure is considered by many economists and investors to be the worst financial crisis since the Great Depression of the 1930s. It results in the risk of total collapse from big financial firms, the bailout of banks by national governments, and downturns in stock markets around the world. The crisis also plays a significant role in the crash of key businesses and collapse of housing market, results in the delayed unemployment. Higher education is a large and various venture in the United States, which has impacted by the economic recession in a number of ways, but these impacts have not been the same and vary depending on state and type of institution. Most higher education traditions started to be concerned about their financial problems due to economic recession. Their main source of revenue has been hurt by the downturn, and that those universities would need to make hard decisions about how to spend their money. In some states, a lot of institutions are in process of fund-raising programs to avoid delaying their supported campus building projects. Many of higher education university’s leaders have been considering and solving of two following questions: How is the economic downturn affecting institutions both public and private? What strategies are leaders implementing to guide their institutions? Unsuccessful budget strategies are the main reason that caused many...
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...Edward Harari Prof. Thompson LLEN 102 5/25/2018 Student Loan Debt – Is there a solution to the crisis? Many Americans view college as a rite of passage, a method to securing long term financial stability. With a bachelor’s degree becoming the new standard qualification for entry level jobs, more and more students are seeking them out. Many students resort to expensive loans to cover the cost of their schooling with the hopes that they will be able to quickly pay them off with their swanky out of school job. Student borrowing has become so rampant that it is now the second largest source of household debt behind housing. This research paper will discuss recent changes in student loan market and the potential of a crisis in the near future due...
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...Answers ◦ Preferences • Account ◦ Back ◦ Account Settings ◦ Profile ◦ Sign Out • • • • • I'm Researching... Products • • • • • Home Research Drive Answers Texty • • • • • Company Legal Site Map Contact Advertise About • • • ©2016 StudyMode.com 1. Home > 2. Debt > 3. Student Loan Crisis... < Back to Debt Student Loan Crisis Research Paper Debt, Education finance, Higher education • • • • By sympathys Jun 11, 2013 1348 Words 220 Views PAGE 1 OF 5 �PAGE � How to Make College More Affordable Many of the protesters occupying Wall Street and other places say they are upset about the rising price of going to college. There is little dispute today that the number of students who have debt has increased, and that the amount of money they have borrowed has gone up (Billitteri). Many students incur large amounts of debt that will never pay dividends in higher wages or greater job satisfaction, and they graduate into a world with weak employment prospects. It's a betrayal of the American social contract that says if you work hard and invest in yourself through education, you'll be able to build a better life. The current system is badly in need of an overhaul, and this paper will present several ways to bring about this needed change. The seriousness of the current situation has worsened during the last few decades. Since 1982, the average cost of college tuition and fees has increased by 439 percent...
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... They make that investment nonetheless because it is supposed to be worth it or possibly because they have no other choice. Students (likely young eighteen year olds right out of high school) are too willing to pay for an investment, like a college a degree, simply because they can get a loan for it. There is still value in a college education, and colleges know that. They prey on students who are willing to take out those extra loans to support the increasing tuition prices, and loosened standards of lending, both in the government and in the private sector, permit such a practice. Part III.A discusses why colleges and the government are both to blame. This crisis did not happen overnight, and could have been foreseen if only more attention...
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...What is the Research Topic you are responsible for Whether the lack of Employment Skills are due to their Education • To help fresh graduates better understand the importance of Employment skills • What is the relationship between Qualifications vs. Experience? • How does Employment Skills going to help in the current workforce? What are the Findings from your Research on this Topic (point form is ok) • On top of the STEM skills that they are require to learn in their higher education academics, employers are facing a hard time dealing with their emotional intelligence. • Employers believe that applicants (fresh graduates) are lack of “communication and interpersonal skills.” • Emotional Intelligence referred as soft skills such as communication, critical thinking, creativity, collaboration and problem solving. • Employers are worried if they have the competencies requirements and be able to work with others. • Employer faces challenges on finding the right applicant to fit in the vacancy as they are having problems finding people with soft skills. In particular mentioned applicants are lack of self- motivation, interpersonal skills, self-image, punctuality and flexibility. • Employers’ prefer applicant that have completed a graduate fellowship. • Employers are more attracted to students’ abilities to communicate with natural influence, engage and coordinate the work, dominate projects, work in a group and with several groups. White M. (2013). The Real Reason...
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...VIETNAMESE HIGHER EDUCATION: CRISIS AND RESPONSE I. Overview This short paper seeks to provide the American members of the bilateral Higher Education Task Force with an opinionated analysis of the crisis in Vietnamese higher education. We begin by analyzing the magnitude of the crisis and its root causes. Next, we consider how key actors—the Vietnamese government, the Vietnamese people, and the international community—are responding to the situation. We conclude by stressing the importance of institutional innovation as a necessary component of an effective reform platform. A short essay on Vietnamese higher education and science by a prominent Vietnamese scientist is included as reference in an appendix. This memorandum is informed by Harvard’s experience building and operating the Fulbright Economics Teaching Program, a center of public policy teaching and research located in Ho Chi Minh City.1 At present the Ash Institute is a partner in a research project lead by The New School that is studying the institutional barriers to higher education reform in Vietnam. II. Dimensions of the Crisis It is difficult to overstate the seriousness of the challenges confronting Vietnam in higher education. We believe without urgent and fundamental reform to the higher education system, Vietnam will fail to achieve its enormous potential.2 The economic development of East and Southeast Asia reveals the close relationship between development and higher education. Although...
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...Higher education as a whole during this time reached a time of universalization, with more than 50% of 18 to 24 year-olds attending college. The Pell Grant in 1972 along with the Higher Education Act of 1978 provided portable grants and loans to fund education. Additionally, public enrollment was greater than private enrollment for the first time in America’s history (Thelin, 2011). With so many options available, Goucher faced challenges attracting students as a small, liberal arts college for women. Competition came from the Seven Sisters colleges that remained single sex as well as the coeducational schools in the mid-Atlantic region. Coeducation was considered in 1973 during the Perry administration due to falling enrollment numbers and climbing inflation. The College chose alternatives to address their problems at the time. Coeducation was recommended again in 1986 by President Dorsey. The Board voted to admit men starting in the fall of 1987 with support from faculty, administrators, and alumnae (Musser, 1990). The theme of freedom stemming from the social movements of the sixties resulted in a more...
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...Benefits of College Still Outweigh the Costs?” is a scholarly source and an academic journal. The data in it is really reliable for my research paper. It contains graphs and illustrations which could be used to make conclusions. This academic journal is more biased towards the people who believe that the benefits of college do not outweigh the costs. I could potentially use this source to support my thesis more efficiently. I could use this to provide more backing to my body paragraphs. Alger, Vicki E. "Why College Costs So Darn Much . . . And What We Can Do To Fix It." Independent 25.2 (2015): 1-6. Academic Search Complete. Web. 7 Mar. 2016.f In this article Vicki E Alger discusses the high cost of college education in the U.S. and the means to make higher education financially accessible. The...
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...Capitol Sacramento, CA 95814 ! Dear Governor Jerry Brown, As an undergraduate student at CSU, Sacramento, I am aware of the budget crisis that California faced. The budget cuts in 2011, dramatically reduced access and services in Counties, and I am particularly concerned about the millions of Californians who have been negatively affected. From poverty, to health care issues, to the falling unemployment rates, and much more; but today I would like to focus specifically on our educational systems. When you were elected in 2010, many students hoped that your election would take in a new era for public higher education in California and reverse the approach taken by your “predecessor”. Thus far, things have not improved, and in fact, in many ways they have worsened. You cut over $1.5 billion from state higher education funding, and you have proposed more "trigger cuts" and devastating cuts to the Cal Grant program. Because of the repeated cuts in past years, fees at the UC, CSU and Community Colleges have roughly doubled. During that time, courses, departments, and services have all been slashed to the point of being unrecognizable. Students support your call for new taxes to fund education and essential services. The previous version of your tax initiative would not have restored any of the $1.5 billion you cut from higher education last year, and its failure would result in an additional $200 million cut to UC and CSU. Once again, I am concerned that our future...
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...Student Loans; Bad Debt Bad debt is borrowing money to pay for something that diminishes or drops in value over time. Student loans are one of the main reasons that place millions of Americans in financial debt and possibly financial crisis every year. Current student loans have grown by 91% in the last 10 years creating an oversupply of college educated student in the labor market. The government wanted to offer Americans accessibility to a higher education, offering loans at a fixed rate that with time went up affecting negatively college graduated students. This idea was sold as the “American Dream”, where people thought success was linked to going to college or university to later on have a white-collar job. According to economist Dusty...
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...specifically: a licensed health-care professional who practices independently or is supervised by a physician” (Merriam-Webster, 2013). All nurses seem the same, each one working side by side to ensure no harm comes to their patient. It is only when comparing degrees that one will see a difference in skillset between the associate and baccalaureate registered nurse. Educational Inequality There has been a push for several years, for the baccalaureate to be entry level for professional nursing. The proposal is endorsed by many entities such as the American Association of Colleges of Nursing (AACN), the Carnegie Foundation, as well as the United States Army, Navy, Marines, and Air Force (The Impact of Education on Nursing Practice, 2012). As much as nurses feel they acquired a good education, compared to other health care professions, they are the least educated when compared to physicians, social workers, dieticians and physical therapists (Benner, Sutphen, Leonard, & Day, 2009). With the complexity of the equipment and level of care, nurses must be highly educated. This will place nurses on the same educational level as other healthcare disciplines. Associate Degree Nurse Associate degree nurse programs are wildly popular. They originated after World War II, founded by Dr. Mildred Montag. Dr. Montag, proposed a two tier system where the associate degree “technical nurse” would assist and work under the direction of the baccalaureate or “Professional” nurse (Krapp, 2002). This model...
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...heretofore available only through enrollment in an institution of higher education. As Nicholas Carr discusses in his article, “The Crisis in Education”, the ability to extend the reaches of higher education to virtually the farthest points on the planet is a direct result of the Internet and our ability to communicate through its sites. The popularity of online classes, offered by both public and private universities and private educational ventures such as Khan Academy, has certainly impacted the direction which higher education will take in the coming decades. Carr notes “for better or worse, the Net’s disruptive forces have arrived at the gates of academia.” Unfortunately, in today’s world, the cost of higher education has become burdensome for parents and students alike. According to CNN Money, in 2011 “college seniors graduated with an average of nearly $29,000 in student loan debt in 2012 as compared to $27, 000 in 2011.” This figure can rise dramatically when students attend costly private universities or pursuing graduate degrees. These debts place great burdens on students who graduate and often take some time before finding a lucrative job in their field. Fortunately, technological advances are such that universities are offering more and more online classes. These “’massive open online courses’ or MOOCs” (Carr, 2012) are one of the ways in which universities are endeavoring to make higher education more affordable. According to...
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...Annales Universitatis Apulensis Series Oeconomica, 11(2), 2009 639 THE PERFORMANCE MANAGEMENT IN PUBLIC INSTITUTIONS OF HIGHER EDUCATION AND THE ECONOMIC CRISIS Rodica Gherghina 1 Florin Văduva 2 Mirela Anca Postole 3 ABSTRACT: The need to reduce public spending in the developin g process and funding of public services has led to the introduction of performance indicators in the public institutions. Moreover, the need to optimize the educational activity, the implementation of an efficient management, insuring the quality and the compatibility of the e ducational systems has led to numerous investigations in this area by adopting, as a theor etical reference framework some organizational models to explain the functionality of the educatio nal system and to define a performance appraisal system. Each model generated by default a certain p hilosophy regarding the evaluation methods of the institutional performance, design and use of th e performance indicators on education institutions . Key words: economic crisis, performance, indicators , education JEL codes: I21, H52 Introduction Changes in higher education in Romania, just as thr oughout Europe and elsewhere, were as many and radical as they were continuous. Since the early 1990s, the first private universities were established in Romania and the number of public uni versities, of the faculties or of the new curriculum...
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...Human Resource Planning Assignment | Chapter seven and eight case | March 16, 2014 | | CHAPTRT 7 CASE: Recruiting with Bills and Whistles In order to be successful in their recruiting techniques, they will need to continue to update their strategies to the resources and some creativity that enable them to attract/hire the best talent. They need to think of new successful recruiting ideas within their industry. They need to do their research, and see what other companies in their industry are doing to obtain and retain top notch employees and compare it with what they are doing. This will provide ideas and approaches that they will benefit from and increase their ability to obtain and retained top notch employees. I don’t mean to copy them exactly but to blend the competitors approach with their current approaches therefore possibly giving them the competitive advantage. What works for one place doesn’t necessarily work for the other and some competitors may have poor an approach to their recruiting strategies. Having an excellent recruiting strategy can help them achieve great results and meet the company’s objectives and goals. A recruiting strategy cannot stay the same forever, even if it’s a good one at that time. Competitors may want to adapt your recruiting strategy as well. Alcatel needs to be ready to change their recruitment and selection strategies as the outside factors change. It is important to find the recruiting strategy that works best for the positions...
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...International Education Programs: Risk Management Albert Einstein once said, “There is no scientific antidote (to the atomic bomb), only education. You’ve got to change the way people think. I am not interested in disarmament talks between nations - What I want to do is to disarm the mind. After that, everything else will automatically follow. The ultimate weapon for such mental disarmament is international education.” Although those words were spoken decades ago, they are most applicable in the current era of our society. Today, international education programs are faced with several socio and macro-economic challenges, particularly in the United States. These dynamics significantly impact the education programs, driven primarily by government intervention. This paper will explore the interrelationship between government, institutions, students, and risk management, and prove that U.S. government interaction negatively impacts the effectiveness of post-secondary international education programs. Antiquated regulations severely limit operational execution and potential innovation, resulting in an increase in both regulatory and financial risks for the participating institutions. Challenges in the regulatory environment are ever increasing, including financial headwinds that significantly limit the regulatory bodies. Such constraints lead to restrictive prioritization of their tasks in order to stay effective. Their priority setting process, understandably non-transparent...
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