Milken and GSEI release report: The Future of Higher Education and How America Will Pay for It
By Diane Ty
In March 2013, the Global Social Enterprise Initiative and the Milken Institute convened a diverse group of experts around the urgent need for change in the structure, costs, and financing of higher education in America. Participants included student loan lenders, government officials, private sector leaders, university and community college representatives, including online education and platforms, associations, foundations, parents, and students.
Together, the group discussed the current landscape of higher education, its increasing costs, changing student demographics, and workforce skills mismatch. Trends like massive open online courses (MOOC’s), which are predicted to force change were covered, as were some of the innovations in financing being made possible by crowdfunding and peer-to-peer lending platforms.
The group was intrigued by the success of the German apprenticeship model and how it might be widely adopted in the U.S. through partnerships with community colleges and private industry as a way to both close the workforce skills gap and to address the high costs for postsecondary education. To learn more, read the roundtable summary report:
The Future of Higher Education Roundtable (pictures)