Further Evidence that the Education market is GLOBAL.
back2basicz
8/18/2012 5:32:27 AM
Noreen,
Here's a Great article I picked from the Guardian Newspaper in the UK.
If anyone needed further proof that the Education Market is completely Global today;this is it.
Because of extremely expensive Education in the UK(and massive Debt Burdens it causes);British Students are going to Ireland,Netherlands,Singapore as far as China for High Quality Cheap Education.
http://www.guardian.co.uk/money/2012/aug/17/save-25000-university-tuition-fee-refugees
Its a matter of time before more and more Americans take this path as well.
Regards
Ashish.
Noreen,
Basically what students are saying is that they want more Flexibility and Lower costs.
Makes perfect Sense.
4 Year Colleges better listen up or else they won't have a captive market anymore.
Regards
Ashish.
Driven,
I agree.
But there are many ways you can get certificates/Voluntary Degrees for much-much less than what Traditional Four Year Courses charge.
Not just that but the Commitment[Time and Money] is much-much less.
Four Year Colleges have their work cut out;Its compete,provide Value or Perish!!!
Regards
Ashish.
Noreen,
As someone who has experience with Education Systems in Different countries I can say without any Doubts that the American System of Education is the best.
But that does not mean that you should price yourself out of the Competition as the Competition for Education is GLOBAL today.
I am a counsellor for my University (its something I do voluntarily)and I wish could Tell you how many bright kids (from all over the world) would like to study at American Universities but cant because the costs are prohibitive.
So instead they end up going to Australia,New Zealand,Canada,Singapore,Hong Kong,the UK or parts of Europe where education costs a Fraction of what it does in America today and the education is nearly as Good as in America (Professor's are all US educated).
College Costs have to come down sharply,no question about it. Otherwise,consumers will go elsewhere . Remember This is a voluntary service at the end of the day and nobody can be forced to go to College.
As for the White paper you linked to I think its all crocodile tears-These companies are sitting on Trillions of Dollars of cash-Why cant they use some of that cashpile to educate their most promising employees? Or provide them with Cheap ,1 percent Loans?They used to do this in the 1970s and 1980s,Why not today?
Regards
Ashish.
In new research from Public Agenda and the Committee for Economic Development (CED), a number of America's business leaders say that skyrocketing tuition and a growing skills gap could have serious consequences for the nation's economic future. Corporate executives may consider America's higher education system the best in the world, but this report suggests that they believe the challenges of cost, quality and accountability present great threats to the nation's economic prospects.
The report, Hiring and Higher Education, is based on qualitative research by Public Agenda commissioned by CED and adds an important voice to a growing debate about the role and value of America's higher education system in fueling an economic recovery.
What do you guys think?
Re: No...Yes...Maybe
driven
8/14/2012 1:40:06 PM
There will always be exceptional people who can succeed in most any field, except those requiring a state license or such, on only the strength of their determination, intelligence and convictions. But the rest of us need a little help: some kind of degree, certificate or anything that validates our ability to do a job.
Mln,
Thats the issue ain't it?
For way too long people have looked at a College Degree as a sure-shot way towards Upwards Income mobility and now suddenly you want to discourage people from Pursuing the American Dream???
Not happening people.
I am sorry.
Regards
Ashish.
Noreen,You seem to have hit the Sweet Spot Here...
back2basicz
8/13/2012 4:28:17 AM
Noreen,
I was reading this article in Reuters and was reminded of your Blog post.
http://in.reuters.com/article/2012/08/11/retail-backtoschool-shoppers-idINL2E8JB1V120120811
People are seriously reconsidering how and where they spend their money today.
And getting extremely frugal about it too.
Obviously College expenditure matters too.
Regards
Ashish.
Re: No...Yes...Maybe
mInvestor
8/12/2012 10:27:18 PM
tokyogai,
Well said, college prepares young people many ways in life. It's not necessary for everyone, but I think it's the best option (note, just an option) for the majority.
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