First, higher education has been an … Covid-19 has accelerated dramatically the need for mid-career reskilling and upskilling. Covid-19 accelerates three critical trends in higher education, each of which predates the pandemic, and each of which demands a new policy approach. Where is higher education going in 2020? Higher education has always enjoyed a culture of openness. Opinions expressed by Forbes Contributors are their own. Digital transformation is revolutionizing every industry. © 2020 Forbes Media LLC. A podcast by our professionals who share a sneak peek at life inside Deloitte. Our country’s need for education has never been greater, but this does not fit neatly into mainstream higher education offerings or policy. Here are five innovative ways that stakeholders can collaborate to deliver an effective yet affordable educational experience. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Six months ago, online was “increasingly mainstream”, after decades of slow and steady adoption in higher ed. As colleges and universities look to integrate new learning methodologies and … In the … You may opt-out by. The New Media Consortium (NMC) and the EDUCAUSE Learning Initiative (ELI) pulled their experience and expertise together to produce the NMC Horizon Report, 2016 Higher Education Edition. The idea that a college degree singularly prepares students for decades of work has long been outdated; instead, learning is a lifelong process that intersects with the workforce continually. The higher education sector is also in the throes of technology-driven disruption, a disruption irreversibly accelerated by Covid-19. University president, tech leader, advocate for every learner. Customized learning experiences, diverse content delivery mechanisms and data leveraged to improve student outcomes will all impact higher ed this year . First, higher education has been an industry under mounting financial pressure and consolidation risk. Please see www.deloitte.com/about to learn more about our global network of member firms. Pre-pandemic, Moody’s gave the higher education sector a negative outlook, predicting a rise in the closure rate, weaker enrollments over the next 10 years, and “sluggish” net tuition revenue growth. Please enable JavaScript to view the site. We have seen a rise in college closures since the pandemic, and more should be expected. But even those who have not lost their jobs—such as most of America’s 3.3 million teachers suddenly grappling with how to teach online—are in desperate need of new skills to adapt to the changes that Covid-19 has wrought. Three Disruptive Trends Accelerated by Covid-19. The path to college graduation is more uncertain than ever: Nearly one-third of undergraduates leave after their first year, and many require six years to complete their studies. Much of the cost of higher education’s unsustainable business model falls on students: student loan volume now exceeds $1.5 trillion, a tripling of student debt over just the past 13 years. Academic environments are rapidly changing, reflecting consistent advancements in technology and shifting educational models. Innovative Higher Education presents fresh ideas in higher education in a straightforward and readable fashion. As an integral part of the fabric of American society, everyone has a stake in making higher education more accessible, affordable, and relevant. Covid-19 will leave a lasting imprint on the higher education sector; we will never “go back to normal” as we knew it, pre-pandemic. How can colleges and universities prioritize student success? See Terms of Use for more information. While it’s still early days, we’re beginning to see the emerging outlines of a new landscape for higher education. And even without a pandemic, our regulatory framework was ill-equipped to cope. What steps can colleges and universities take to more effectively support their students? It represents an immediate crisis for higher education, creating challenges for enrolled students and traditional institutions. Discover Deloitte and learn more about our people and culture. But cybersecurity experts are increasingly wary of open-source information-sharing, and a new regulation demands that colleges and universities with federal contracts tighten their cyber practices and work to safeguard information.
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