Sunday, December 25, 2016

Colleges Should Take An Entrepreneurial Approach To Higher Education

Recently we’ve been talking (and beginning to collaborate) with a remarkable woman named Charisse Wernecke. Dr. Wernecke holds a PhD in higher education leadership and policy, and she has some great ideas about how to fix American colleges.

What does that have to do with entrepreneurship (we hear you ask)? Well, isn’t it about time that US colleges took a more entrepreneurial and open-book approach to their business?

Certainly most of them can’t continue on their current trajectory. Total US college enrollment is down 6% over the past four years, notes Wernecke, a drop of more than a million students. Tuitions and expenses continue to rise, sometimes topping $200,000 for a four-year degree. And even though most students don’t pay the full fare, they’re taking on a lot of debt to pay the discounted costs. At last count total US student debt was about $1 trillion—more than total credit card debt.

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