Forward-looking higher-education leaders are transforming their institutions—leveraging online and digital tools, nurturing corporate partnerships, and sourcing new revenue streams.
Education leaders must act with unprecedented strategic clarity in order to meet pressing challenges and seize the opportunities that lie ahead.
One major challenge is that costs in higher education are rising faster than in almost all other industries. Tuition prices have grown nearly four times since 1978 versus inflation, outpacing even health care costs.
At the same time, demands are rising for a greater return on investment in higher education. In recent years, the investment required for a college education has outpaced incomes, while student debt has remained high. In addition, nearly half of US jobs are at risk for automation. The jobs of the future demand “higher order” skills, but many business leaders perceive that grads are not adequately prepared.