Education at a university needs to evolve. No offense to the LAS portion of ISU, if it isnt cutting it, I guess thats how it goes. Degrees that have a poor ROI will continue to struggle for enrollment, and thats going to continue.
I can see that even universities evolving to include more high end trades, and more budget options for students. The amount of money a kid has to invest for a poor ROI is not going to work long term.
I was fortunate to go to ISU in the mid 90s so I speak from a bit of an out of date position, so take that for what thats worth.
I think we are going to be looking at a bunch of the private schools in Iowa going out of business at some point in the next 10+ years. They only way to get students is to cut their tuition, but its still ending up to be 30k+ per year after significant discounts.
I think people are starting to see a real value in going to a Community college for two years and then to a public school and working for 16-20 hours a week is something that may be required to help through school.
I still think its funny how people get worked up about 50k in college debt, but nobody ever talks about the overwhelming stupid Car loans people have once they graduate.
I also cringe at some of these majors in LAS and at private school LAS where you know your going to be making 30-40k per year but you come out with 100K debt at Grinnell college. Terrible ROI
which leads to another issue.....nobody is going to want to do all the Bad ROI jobs. I guess AI will have to kick in at some point?? lol.
all this is very concerning though.
How do you determine what a good ROI is and who makes that decision? There are many employers who do want people educated in the Humanities and Social Sciences. Those employers wants skills like problem solving, communication, people-to-people, cultural competency, etc (there is data and research that backs all this up), and not just engineering or computer skills.
Though taking classes at a Community College may, and I stress may, save some money it is nothing more than a glorified 13th and 14th grades. I say may because as someone who works with Community College students transferring into ISU I can say many are here more than two years. I have this conversation with students and parents all the time. They think they can get an AA and transfer to ISU and be done in two years. That isn't necessarily true. It all depends if a student is taking the correct classes at the CC. If a student wants a STEM major, well, forget it. There is no way a STEM majors transferring in from a CC will be out of ISU in two years. ISU has a heavy presence at DMACC and we tell their students and their advisors this all the time and most do not listen. I have this conversation with friends who have college aged kids and they simply don't believe me until it hits them in the face. The automatic assumption is two years at a Community College, then two years at ISU then done. For most that isn't true and the tuition savings isn't that much.
And thank you for the car loan statement. This is absolutely true. Families won't think twice about a large car loan, or boat loan, or mortgage, but an education? God no! My first year in higher education I worked with a student who was crying about tuition costs. Said parents had so much debt because little brother was really sick, he almost died, and they had so many medical bills. All of that was true, and the College gave them a bunch of gift money as a result. Well, a few months after enrolling the student let it slip that parents were building a new house, had a cabin on the river with a boat, and there was no way they were going to give those things up for college. Priorities are way out of wack.
End rant.