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What is the Purpose of Higher Education?

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susane
19 diapositives · 505 Views · Jul 11, 2014

What is the Purpose of Higher Education?. Mark Schneider President, College Measures Vice President and Institute Fellow, AIR February 17, 2014. Can You Self-Actualize While Living in Your Mother’s Basement?. Purpose v. Value?. Is it about money or broader outcomes?

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  1. What is the Purpose of Higher Education? Mark Schneider President, College Measures Vice President and Institute Fellow, AIR February 17, 2014

  2. Can You Self-Actualize While Living in Your Mother’s Basement?

  3. Purpose v. Value? • Is it about money or broader outcomes? • How to measure value (even if we restrict ourselves to labor market outcomes): • Institution vs. Program Level • Time frame: • Wage data: first year? 5 years? 10? • Other data? Rolling averages? • Comparisons • Criterion based • Norm based • Individually driven • Who should assess value? • Government? • Others (not for profits vs. for profit companies)?

  4. Programs with Bachelor’s Graduates Having Lowest and Highest First-Year Earnings, by States • Common Theme in lowest first year earnings: Liberal Arts • Common theme in highest first-year earnings: Engineering

  5. Average Wages after Year 1 and after Year 10:Graduates from Popular Bachelor’s Degree Programs in Texas For most majors: start low, end low; start high, end high

  6. Debt Servicing as Example of Why Labor Market Outcomes Matter • Criterion based: • Rule of Thumb: Debt should not exceed first year earnings • At that level about 11% of gross first year earnings will go to service debt at current 3.9% rate

  7. Student Loans vs. Wages: Institution Level

  8. Norm Based • Compare to Overall State Performance

  9. Compared to Overall State Performance Level

  10. What about Time?

  11. Disciplinary Focus: What a difference a decade makes

  12. Institution is the wrong level of analysis: Program level differences

  13. Program Level: Anthropology

  14. Anthropology vs. Economics

  15. Individual “Ratings”

  16. Individual Weighting?

  17. What is the Role of Intermediaries?

  18. Government Role in Assessing the Value of Higher Education • Federal Government vs. State • Accountability vs. Consumer Choice