Here’s a quick roundup of some of this week’s headlines in higher ed news.
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According to a study commissioned by the Association of Private Sector Colleges and Universities, up to 44 percent of students at for-profit colleges could lose access to federal financial aid under the latest 鈥�鈥� proposal. The authors of the report鈥擩onathan Guryan, an economist at Northwestern University, and Matthew Thompson of Charles River Associates, a consulting firm鈥攁rgue that since for-profits tend to serve students who have fewer financial resources and less academic preparation, the proposed rules would leave students without other options. Additionally, the report asserts that the rules should not be based on short-term measures of earnings and student debt, as such metrics tell an incomplete story. The Department of Education the proposed rules in March. The window for public commenting closed on Tuesday. 听This report was part of a final lobbying campaign by both sides.
Several startups have begun serving as matchmakers between community college students and employers. One of the startups, called WorkAmerica, states that it will provide students with a legally binding job offer before they enroll at one of the startup鈥檚 partner colleges. WorkAmerica has already started placing students into trucking programs, and plans to expand to other 鈥渉igh churn鈥� employers, such as those that hire welders, IT technicians, and medical assistants.听 Another similar startup, called Workforce IO, connects employers with 鈥渢rainers鈥濃�攚hich can include community colleges, in addition to nonprofits and other mentoring agencies. The company uses a library of 275 job-skills 鈥渂adges鈥� to vouch for its workers鈥� skills. In an era when students are increasingly concerned with their post-graduation employment opportunities, it鈥檚 possible that such a model could be applied to some programs at four-year institutions.
Research shows that not only is a college degree is worth the time and money it takes to earn one; it鈥檚 worth more than ever.听 According to analysis of Labor Department statistics by the Economic Policy Institute, the pay gap between college graduates and those who either never went to college or never graduated from college, reached a record high last year. The NY Times article summarizes, 鈥淎mericans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That鈥檚 up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s.鈥�