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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, November 16, 2010

Online Education Grows by Almost One Million Students; Eighth Annual Sloan Survey of Online Education Shows Economy Still Driving Growth

/PRNewswire --The 2010 Sloan Survey of Online Learning reveals that enrollment rose by almost one million students from a year earlier.

The survey of more than 2,500 colleges and universities nationwide finds approximately 5.6 million students were enrolled in at least one online course in fall 2009, the most recent term for which figures are available.

"This represents the largest ever year-to-year increase in the number of students studying online," said study co-author I. Elaine Allen, Co-Director of the Babson Survey Research Group and Professor of Statistics & Entrepreneurship at Babson College. "Nearly 30% of all college and university students now take at least one course online."

She adds: "There may be some clouds on the horizon. While the sluggish economy continues to drive enrollment growth, large public institutions are feeling budget pressure and competition from the for-profit sector institutions. In addition, the for-profit schools worry new federal rules on financial aid and student recruiting may have a negative impact on enrollments."

Other findings:

* Almost two-thirds of for-profit institutions now say that online learning is a critical part of their long term strategy.
* The 21% growth rate for online enrollments far exceeds the 2% growth in the overall higher education student population.
* Nearly one-half of institutions report that the economic downturn has increased demand for face-to-face courses and programs.
* Three-quarters of institutions report that the economic downturn has increased demand for online courses and programs.

The eighth annual survey, a collaborative effort between the Babson Survey Research Group and the College Board, is the leading barometer of online learning in the United States. The survey is funded by the Alfred P. Sloan Foundation and distributed by the Sloan Consortium. The complete survey report, Class Differences: Online Education in the United States, 2010, is available on the Sloan Consortium Web site, www.sloanconsortium.org. The report includes a detailed analysis of the factors driving the growth in online education.

The Babson Survey Research Group in the Arthur M. Blank Center for Entrepreneurial Research at Babson College conducts regional, national, and international research projects, including survey design, sampling methodology, data integrity, statistical analyses and reporting. http://www3.babson.edu/ESHIP/research-publications/survey-research-group.cfm

The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,700 schools, colleges, universities, and other educational organizations. The College Board is committed to the principles of excellence and equity, and that commitment is embodied in all of its programs, services, activities, and concerns. Visit www.collegeboard.org.

The Sloan Consortium (Sloan-C) is an institutional and professional leadership organization dedicated to integrating online education into the mainstream of higher education, helping institutions and individual educators improve the quality, scale, and breadth of online education. Visit www.sloanconsortium.org.

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Tuesday, June 15, 2010

New Jobs Forecast Predicts Millions of Workers at Risk of Being Left Behind

/PRNewswire/ -- A new, highly detailed forecast shows that as the economy struggles to recover, and jobs slowly return, there will be a growing disconnect between the types of jobs employers need to fill and numbers of Americans who have the education and training to fill those jobs.

The report, Help Wanted: Projecting Jobs and Education Requirements through 2018, by the Georgetown University Center on Education and the Workforce, forecasts that by 2018, 63 percent of all jobs will require at least some postsecondary education. Employers will need 22 million new workers with postsecondary degrees - and the report shows that we will fall short by three million workers without a dramatic change in course. This translates into a deficit of 300,000 college graduates every year between now and 2018.

"America needs more workers with college degrees, certificates and industry certifications," said Anthony P. Carnevale, the Center's director. "If we don't address this need now, millions of jobs could go offshore."

The Center's study is the first to help Americans connect the dots between employment opportunity and specific education and training choices. The report projects job creation and education requirements through most of the next decade, showing job growth by industry and occupation nationally, and with state-by-state forecasts.

Substantial gains in employment will not occur until 2011. It will take until 2015 for job creation to catch up to where it would have been before the massive recession losses. In 2018, America will need more college-educated workers than it will have.

-- Employers will need 22 million new workers with AA's, BA's or better -
and we will fall 3 million short.
-- In addition, employers will need 4.7 million workers with
postsecondary certificates.


The fastest growing six industries and five occupations will require the highest levels of education, with the exception of sales support and health care support. In 2018, 75-90 percent of jobs in the following industries: Information Services; Private Education Services; Government and Public Education Services; Financial Services; Professional and Business Services and Healthcare Services will require postsecondary education or training. These industries will provide 40 percent of all jobs in 2018. About 90 percent of the jobs in four of the five fastest growing occupational clusters require postsecondary education. They are Healthcare Professional and Technical Occupations, STEM Occupations, Community Services and Arts Occupations and Education Occupations.

Postsecondary education and training determine access to the middle class. Those with only a high school diploma or less are falling out of the middle class.

But what matters most is the occupation for which you prepare. That's why 27 percent of people with certificates and 31 percent of people with AA degrees earn more than the average BA.

The report also provides a state-by-state analysis on jobs and education requirements.

-- The District of Columbia, North Dakota, Minnesota, Massachusetts, and
Colorado will lead the nation in the share of total jobs requiring
postsecondary education.
-- Texas, California, Nevada, Mississippi, and Arizona will lead the
nation in the share of total jobs for high school dropouts.


"Instead of asking whether everyone needs to go to college, we should be asking if we can produce enough workers with high level degrees and credentials that meet the demands of the 21st century economy," said Jamie P. Merisotis, President and CEO of Lumina Foundation for Education, which supported the research.

Randi Weingarten, President of the American Federation of Teachers, put it simply: "The bottom line is: we are under-investing in education. This report shows that the demand for well-educated Americans isn't being met by our current investments."

"We're sending more students to college than ever before, but only about half them will ever earn a degree," said Hilary Pennington, Director of Education, Postsecondary Success & Special Initiatives of the Bill & Melinda Gates Foundation. "This report shows why it is critical that we create the kinds of supports and incentives that help students earn the credentials that employers value."

Help Wanted: Projections of Jobs and Education Requirements through 2018 is part of the Center's efforts to support such an alignment. One barrier to more effective education and career planning lies in the shortcomings of the official data. The Bureau of Labor Statistics (BLS) is the primary source for projecting education and job requirements, but its estimates of postsecondary education demand between 1998 and 2008 fell short of the actual postsecondary education demand in 2008 by 47 percent. The Center's methodology tested accurately within 4 percent.

Help Wanted: Projections of Jobs and Education Requirements through 2018 is available online at http://cew.georgetown.edu/, or hard copies can be obtained by contacting the Center at cewgeorgetown@georgetown.edu. There are three documents: an executive summary, a national report and a state-level analysis. The Georgetown University Center on Education and the Workforce (cew.georgetown.edu) is an independent, nonprofit research and policy institute that studies the link between individual goals, education and training curricula and career pathways.

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Tuesday, May 25, 2010

State Board of Education Allows Local Class Size Flexibility

The State Board of Education (SBOE) today (May 24) granted an exemption of all statutory and regulatory class size maximums for the 2010-2011 school year. Due to the continued economic downturn that has caused declines in state and local revenue, the SBOE recognized the need to give school districts more flexibility.

Local school districts will be required to submit a local board resolution to the Georgia Department of Education before class size maximums may exceed the current requirements. The board resolution must be approved at a local board meeting to ensure that all stakeholders are informed about the school district's decision regarding increases in class size.

"School districts have been financially devastated by the economy so the State Board took action to help districts balance their budgets," said SBOE Chair Wanda Barrs. "Increasing class size is never ideal, but a slight increase will allow systems to significantly conserve resources while managing through these difficult times."

The exemption of class size maximums does not remove the requirement for school districts to continue to meet all federal and state accountability measures as well as health and safety requirements.

"Accountability is here to stay, which is a good thing," said State School Superintendent Kathy Cox. "The requirements under No Child Left Behind and the varying instructional needs of students should still be at the forefront when local districts are making decisions about their class sizes."

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Wednesday, January 13, 2010

Chancellor Davis: University System Cannot Continue Business As Usual

University System of Georgia (USG) Chancellor Erroll B. Davis Jr., in his annual “State of the System” address to the Board of Regents today (January 12), evoked the challenges the first board faced in 1932 and said that to progress, the System cannot continue to do “business as usual.”

Davis called for a three-level response to the challenges posed by $323 million in budget cuts, record student enrollment and the end of $147 million in federal stimulus funding in 2012. “First, we will unleash the collective brainpower of this great System,” Davis said in outlining the three points. “Second, the Board of Regents will develop and set the key principles that will guide our institutions in their work and third, we will encourage our institutions to experiment with new ways of accomplishing our mission.”

With the creation of University System in the midst of the Great Depression, Davis said, “Gov. Richard Russell Jr. reinvented higher education in Georgia.” He said that that first board understood the need to invest in the future, despite the short-term economic crisis, and that the same philosophy holds true today.

The response to the economic situation, Davis said, must include an evaluation of the current academic model coupled with a back-to-basics approach. “It is going to be challenging to pay more attention to basics while at the same time calling for expanded innovation,” he said.

Institutional presidents must be given greater freedom to innovate and to collaborate with one another, Davis said. One of the areas of renewed focus will be on institutional missions. “I would prefer to see more institutions sharpening, honing and tightening their missions rather than seeking to expand them based upon institutional aspirations versus true state need,” he said. This may mean that some activities cease in order to align missions with reduced resources, Davis said.

Davis called upon the board to approve a set of principles that will be developed to guide the institutional presidents. “This work must begin immediately, as it is the most important step,” Davis said. He noted the development of principles would be a focus of subsequent board meetings this year.

These principles also will help direct innovation at the campus level, especially Davis said, among faculty. “We have over 40,000 minds out there that can address our challenges. Our faculty in particular have the capacity to blaze new ground,” he said.

The chancellor also gave a glimpse of some of the expected outcomes of this new approach to public higher education, which include best practices, some of which can be implemented System wide and some, which will be unique to an institution. He cautioned that along with some “stunning successes” would come some failures. “Remember, at one point Babe Ruth not only held the record for home runs, he held the record for strikeouts as well,” Davis said.

The full text of Davis’ remarks can be accessed at http://www.usg.edu/chancellor/speeches/chancellors_state_of_the_system_address_2010/

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Monday, January 11, 2010

Obama's stimulus bill includes huge student aid investments

(ARA) - The Obama administration has set forth an extensive bill designed to get the economy out of the recession and moving again. This $70 billion bill has a large portion directed towards students and investing in their education.

House Appropriations Committee Chairman Rep. David Obey (D-Wisc.) said, "Our short-term task is to try to prevent the loss of millions of jobs and get our economy moving. The long-term task is to make the needed investments that restore the ability of average middle income families to increase their income and build a decent future for their children." The financing for continuing education will help people get the skills and knowledge they need to get jobs in the future, thus boosting the economy.

According to the summary of the bill released by the House Appropriations Committee, the bill would provide the following additional funding for student aid.

* Pell Grants: $15.6 billion to increase the maximum Pell Grant by $500, from $4,850 to $5,350 for the 2009-2010 academic year.

* Federal Work-Study: $490 million to support undergraduate and graduate students who work.

* Student Loan Limit Increase: Increased limits on unsubsidized Stafford loans by $2,000.

* Student Aid Administration: $50 million to help the Department of Education administer surging student aid programs while navigating the changing student loan environment.

The bill also provides funding that will benefit higher education institutions, including:

* $20 billion for school renovation and modernization, including technology upgrades and energy efficiency improvements: $14 billion for K-12 and $6 billion for higher education.

* $1 billion for 21st century classrooms, including computer and science labs and teacher technology training.

* $79 billion in state fiscal relief to prevent cutbacks to key services, including $39 billion to local school districts and public colleges and universities distributed through existing state and federal formulas, $15 billion to states as bonus grants as a reward for meeting key performance measures, and $25 billion to states for other high-priority needs such as public safety and other critical services, which may include education.

"These kinds of incentives from the government don't come along very often," says Janet Hill, financial aid and education counselor at ClassesAndCareers.com, a free online education service. "If people have been thinking of going back to school, now would be the time to do it. If they are hurting financially, they can easily get the money they need to get a degree." These benefits are set to expire after the 2010-2011 school year and are available for campus and online colleges.

Thanks to a growing number of online education options, degree-seekers can take advantage of President Obama's stimulus bill without leaving their jobs. Sites like ClassesAndCareers.com have helped nearly 500,000 degree-seekers get their stimulus money and enroll in online universities.

"We help people learn how to take advantage of this bill," says Hill. "All they have to do is visit our form and fill it out. We guide them through the rest."

Anyone interested in going back to school can visit www.OnlineSchools247.com to see if they qualify. They simply fill out the form and an education advisor will help them get their share of the stimulus money and find the best degree program for them. Or, call directly at (888) 361-6349.

Courtesy of ARAcontent

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Tuesday, February 24, 2009

Sallie Mae Announces New Resources for Students and Families Concerned About Paying for College in Difficult Economy

(BUSINESS WIRE)--Sallie Mae, the nation’s leading provider of saving- and paying–for-college programs, today announced several initiatives to help parents and students concerned about paying for college in the current economic climate.

In recent months, worries among families about affording college have grown as the economy has declined. Market turbulence has taken a toll on college savings and other personal investments, many parents are facing real or possible job loss, and budget pressure has reduced merit- and need-based college financial aid in many states. As a result, families may find themselves exploring college financial aid options that they previously had not considered or expected to need.

In response, Sallie Mae offers the following assistance:

* An extended commitment to make federal student loans to every eligible student at every school in the United States through the 2009-2010 academic year.
* A new Sallie Mae Web site, www.SallieMae.com/resources available to all parents and students – not just Sallie Mae customers – concerned about learning more about resources available to pay for tuition. Information about free resources, such as grants and scholarships, is available to help families minimize out-of-pocket expenditures and to find the right options to help ensure students stay in school. The site also includes information about payment plans available at colleges and universities to help families avoid the need for loans by making interest-free tuition payments in monthly installments. In addition, visitors can find details about various federal student loan options, including federal parent loans, that are available regardless of income, assets or collateral. Visitors to the site will be able to submit their questions to Sallie Mae for research and response.
* A tuition assistance night with toll-free hotline, 1-877-881-1012, accessible on Feb. 25 from 6 p.m. to midnight EST, to assist students and families concerned about covering the tuition bill this coming fall.
* Complimentary college planning assistance webinars for parents on Feb. 24 at 6 p.m. EST and Feb. 25 at 7 p.m. EST. These 45-minute sessions will educate parents on free Web tools available to find scholarships, calculate and compare college costs, build a plan to pay for college and estimate student loan payments. Parents are welcome to register by sending an email to SchoolResource@SallieMae.com. In addition, a College Planning Assistance webinar replay will be available on www.SallieMae.com/resources beginning Feb. 26.

“Too many families are picking up the pieces from depleted home values, retirement plans and college savings accounts only to realize that they still need a solution to pay for their child’s education,” said Albert L. Lord, chief executive officer. “We are closely monitoring our customers’ needs and actively looking at additional steps we can take to help both students in school and graduates in repayment.”

Today's moves come on the heels of several recent company initiatives offered at no cost to students and families, including:

* Education Investment Planner (www.SallieMae.com/plan), a free, comprehensive online tool that enables families to estimate the total cost of a college degree and build a customized plan to pay for it;
* Be Debt Savvy (www.SallieMae.com/bedebtsavvy), free educational tools that help students establish and maintain good credit;
* Upromise and Upromise Loan Link (www.upromise.com and www.SallieMae.com/Upromise). Upromise is a free program that helps students and families save money for education expenses. Upromise members can earn cash rewards when making purchases from hundreds of participating companies, accumulating savings for college or other purposes. Members who sign up for Upromise Loan Link may have their savings automatically transferred to help pay down eligible Sallie Mae-serviced student loans.
* Sallie Mae’s Scholarship Search (www.SallieMae.com/scholarship), a free, on-line database, updated daily, containing nearly 3 million scholarship awards worth more than $16 billion.

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Tuesday, December 23, 2008

Emory Financial Aid: Resources Remain Strong

Emory University remains committed to "need blind" admissions and to meeting the full, demonstrated financial need for dependent, traditional undergraduate students during these challenging financial times.

"Emory, like all institutions and businesses, is having to adjust to a new economic reality and this will impact the budget in a variety of ways. However, financial aid is among our top priorities and we expect to devote more – not fewer – resources to financial aid in the coming years to ensure that all students who are admitted can attend independent of economic background," says Santa Ono, senior vice provost for undergraduate education.

Emory also is increasing accessibility for low- and middle-income students through the Emory Advantage grant and loan relief program as well as other financial aid programs. Overall, Emory's Office of Financial Aid is seeing increased demand for assistance due to the recent economic downturn. The financial aid staff is urging parents and students (prospective and current) to plan ahead to determine their budgets, apply early for aid and carefully weigh options.

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