Monday, September 28, 2015

How the Department of Education's "College Scorecard" Will Change the Market

College comparison can change the market. The Department of Education's College Scorecard will make an impact on the market simply by the way in which data is presented and offered. Informational is powerful because it becomes a way we think about the world through impacting our mental structures and models. College Scorecard will not only change the way we think about college but also which get the best advertising through the site.

Let us first cover the idea of mental structures and models.  The ways we think about the world are socially constructed so a large website that contains lots of interesting data will naturally change the way we think about higher education. By relaying information by cost, graduation rate and wages we begin to view these things as most important. Right or wrong it will not make a difference.

No doubt they are important but those universities that rely heavily on subsidies, endowments, taxpayer dollars, and legacies are likely to rank higher. Land grant universities and those with taxpayer dollars will come out with the best rates. If given a choice of one school or another you might just chose that ranks the best. Who wouldn't want to go to a prestigious land grant university?

Costs are skewed based on whether someone is in or outside a state. For example, if I attend an out of state school I could be paying a much larger rate when compared to in-state students. Most public universities are going to have a higher local rate based simply on that cost. The information only applies to local candidates and isn't a true reflection of all the costs.

It is also possible that elitist schools that are highly selective and restrictive to those with all the right financial and social connections will rank the best in terms of graduation rates and employment income. It is the same process with public high schools and how the neighborhood demographics influence school success rates. Those without the right backgrounds will be pushed into lower quality schools with lower graduation rates.

The website is beneficial but it should be seen with a grain of salt as no data can perfectly capture and reflect what is going on in the market. The data gives a hint at what is happening but won't truly show the whole situation without additional research. Most of us are not going to do that research so we will take what the site says at face value. When it impacts hiring decisions and college placement we may have a future problem leaving out those who appreciate the word "opportunity" the most.

The Life of the Online College Student

The online college student's life is very different than your traditional 18-20 year old fresh faced traditional student that has significant financial and parental support to achieve their goals. The online student is generally older and has lots of responsibilities that include managing a house and taking care of their children. Sometimes they can be stretched thin but show a resilience others students don't.

Despite their tough circumstances they made the choice to go back to school and succeed. They are taking steps to to improve their competitive position. Whether one is a successful MBA student with a solid career or a single mother starting out in life the online degree is one of the only available options that is reasonable.

Where traditional students are heading out with a weekend backpacking trip with their friends the online student is spending his/her weekend taking care of the other life responsibilities. Despite these challenges they continue to attend school day after day reading, writing, posting and engaging. They are the true champions of higher education.

Higher education is about broadening one's mind and learning new skills that can make one competitive on the market. It shouldn't be confided to a certain type of person from a particular background. Those who have to manage life and go to school have a higher degree of motivation than those who have all the support they need. The life of the online college is student is simply just-life.

Philanthropy Through Business Investment

Philanthropy doesn't have to be only about giving money but can be part of something greater than itself when it creates new investments and expands opportunities well beyond the initial amount. Donating money is important but donating money that keeps on giving is a gift that can be felt throughout generations. The long-term impact of resources should be of consideration.

Philanthropic and business interests can work well together. Major failures of revival have occurred because there wasn't enough time or escape velocity to change the fabric of an area. Uncoordinated efforts that don't truly change the fundamental platform or only short-lived changes that end when the resources dry up.

Changing the foundation and structure of an area changes its nature forever. Philanthropy can be about investing in schools, landscape, oversight, clean up, child-care, health-care, training, recreational facilities, or any other contribution. Yet something like reinvestment in new business ventures, property development, and other profit oriented activities is equally philanthropic.

People make the assumption that is is wrong to profit off of philanthropic activities. It isn't. If investment can be considered philanthropic then it is possible that a profit would leave more money for future philanthropic investments in other areas. What is better? Investments that leads to more investments or a one time influx of money?


Take Some Time for Yourself-Go to the Beach!

Your life is busy and you got a lot of things going on. So much so that you look more like a robot going automatically from on task to the next without much thought. If your not sure what you are doing or why you are doing it then it may be time to take a little time and go to the beach. The ocean, water, sun, and fun is one great way to let the stress melt away.

Taking time off to relax and get your focus with the other side of life helps to enhance your current performance. How? It encourages you to maintain you focus, raise your enthusiasm, and get creative. It lets you step back from your current happenings and gain another perspective.

Sitting back from our daily schedule gives us a better perspective because we are able to see the bigger picture. When we are engrained in our busy lives we can see the trees but neglect seeing the larger forest. In essence, we can't see that many of the things we do are unimportant.

Take some time for yourself and gain a better perspective that will help you maintain your motivation and see what is really important for you to work on. Working yourself to the bone without respite isn't going to do you any good and is likely going to lead to burn out. Make sure work hard but also take time to play as well for life fulfillment. 

Sunday, September 27, 2015

How to Balance Work, Study and Play

Work, study and play is the simple story of those who want to succeed in life. People have goals and they have to balance between making income, studying during college, and getting their recreational time in. Each can be a compliment to the other but requires a level of planning and balance in order to achieve. For those studying online and trying to take care of other responsibilities it is a necessity.

Life if full of all type of distractions. If you are the type of person that has lots of hopes and dreams but not enough time you should seriously consider the merits of narrowing down those goals to those that matter the most. Start prioritizing! Conquering the world will need to wait until you are out of school and cleared the big things off your plate so you can focus.

Once you have your main objectives narrowed into something feasible which should of course at least include school and work you can then figure out how you are going to achieve them. For some, this will require at a minimum a few hours a day studying and a number of hours a day working to fulfill your financial needs. Recreation will need to take a back step and be squeezed in when time allows.

When you get good at balancing all of your core goal requirements start to incorporate in your recreational activities. This will keep you sane as you work maintain your grueling schedule. People need down time and fun like going to the beach, sports, working out and having fun just as much as achieving their other life objectives. When you get old and look back it won't be all the money you will think about but your memories. Try and ensure a healthy balance so you have memories and a retirement.

Collaborating Stakeholders to Build Better Online Universities

Stakeholders in higher education can and do collaborate together to create new and unique products. Universities, publishers, writers and artists along with technology companies can work together to create supperior online educational platforms. This process will become more powerful as decentralization occurs but could eventually challenge traditional models.

According to an article in Crains Chicago online publishers, education companies, and other important stakeholders are working together to develop stronger models (1). If this is a foreshadowing of investor interest in higher education a big battle is brewing.

This is the wave of the future as traditional ground based systems are challenged by more nimble online companies that can do more at a cheaper price. They will progress and innovate faster than others making them industry leaders.

Industry is known for being faster than government.

Of course there is huge regulatory interest in ensuring this doesnt happen. What would be the outcome if elite ground school were matched in prestige and quality of developing elite online schools? The foundations of higher education as we know it would shake.   The battle of regulation is just getting started.

(1): http://www.chicagobusiness.com/article/20150926/ISSUE01/309269992/higher-education-signs-online-program-management-firms-for-digital

Painting: Cherry Blossom Beach

Cherry Blossom Beach is a painting that seeks to connect the sunset to the cherry tree. Not a normal spot for such a tree to grow but who cares. It is ore of an experimentation of color. The point of the picture is ore surreal that everything in this world is reliant on something else. Simply because it normal in our environment doesn't mean that it isn't beautiful, acceptable, or even an enhancement.