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Campus Economics: Adopting a New Mental Model for Higher Education Finance

Date: June 28, 2023
Time: 1:00 pm - 2:00 pm
Location: Zoom
Webinar

Higher education leaders increasingly find that their institutional business model is unresponsive to the needs of the market they serve.  The academic portfolio of programs does not reflect demand from students and employers.  And students question the value of the degree given the time and cost to obtain it and the perceived outcomes that result. Compounding the problem, faculty and staff delivering programs and services lack the mental model and language necessary to support needed change to achieve a sustainable model.

Join us on June 28 as rpk’s Founder Rick Staisloff discusses higher education’s current business models and their responsiveness to a changing market with Sandy Baum, nonresident senior fellow in the Center on Education Data and Policy at the Urban Institute and professor emerita of economics at Skidmore College.

Rick and Sandy will engage around these key topics:

  • In what ways is the long-standing business model(s) in higher education able to address current needs of students and employers, and how might that model need to change?
  • What hinders the move to greater transparency and accountability across stakeholders serving higher education?
  • How might a shift to more economic thinking impact current debates around free education, cost structures, and outcomes in higher education?

Across all of these topics, Rick will share from rpk’s use cases, and Sandy will share from her most recent publication Campus Economics, How Economic Thinking Can Help Improve College and University Decisions.