College Disrupted: The Great Unbundling of Higher Education, by Ryan Craig
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College Disrupted: The Great Unbundling of Higher Education, by Ryan Craig
Free Ebook PDF College Disrupted: The Great Unbundling of Higher Education, by Ryan Craig
For nearly two decades, pundits have been predicting the demise of higher education in the United States. Our colleges and universities will soon find themselves competing for students with universities from around the world. With the advent of massive open online courses ("MOOCS") over the past two years, predictions that higher education will be the next industry to undergo "disruption" have become more frequent and fervent. Currently a university's reputation relies heavily on the "four Rs" in which the most elite schools thrive―rankings, research, real estate, and rah! (i.e. sports). But for the majority of students who are not attending these elite institutions, the "four Rs" offer poor value for the expense of a college education.
Craig sees the future of higher education in online degrees that unbundle course offerings to offer a true bottom line return for the majority of students in terms of graduation, employment, and wages. College Disrupted details the changes that American higher education will undergo, including the transformation from packaged courses and degrees to truly unbundled course offerings, along with those that it will not. Written by a professional at the only investment firm focused on the higher education market, College Disrupted takes a creative view of the forces roiling higher education and the likely outcome, including light-hearted, real-life anecdotes that illustrate the author's points.
College Disrupted: The Great Unbundling of Higher Education, by Ryan Craig - Amazon Sales Rank: #103374 in Books
- Brand: Craig, Ryan
- Published on: 2015-03-10
- Released on: 2015-03-10
- Original language: English
- Number of items: 1
- Dimensions: 9.52" h x .94" w x 6.39" l, .0 pounds
- Binding: Hardcover
- 256 pages
College Disrupted: The Great Unbundling of Higher Education, by Ryan Craig Review
“The rising cost of college tuition, increasing popularity of online courses, and disappointingly low graduation rates from some colleges are among the converging trends challenging the status quo for college education in the U.S...Craig...offers a more encouraging outlook, even in the face of upheaval.” ―Booklist
“Savvy, sharp, and ultimately optimistic, Craig's book offers an ambitious blueprint that administrators would be wise to heed.” ―Publishers Weekly (starred review)
“…A lively analysis of the strengths and serious challenges facing higher education… Craig presents exciting ideas about how new pedagogy and individually paced adaptive learning will satisfy students” ―Library Journal
“College Disrupted provides a novel set of suggestions, a blueprint almost, on how college education for the 99%, the non-elites, can and must be transformed to provide a better education at a fraction of the cost. This book will surprise and inform. Its proposals are workable, leveraging technology in meaningful ways for the student, for the college and for employers. This book is an original and will challenge many of our beliefs. I highly recommend it.” ―John Seely Brown, advisor to the provost at the University of Southern California and co-author of A New Culture of Learning – Cultivating the Imagination for a World of Constant Change
“With great clarity and a deft touch, College Disrupted tells the story of how college has become out of reach and out of touch with the needs of students. More important, it points the way to a reconfigured system of higher education which is both affordable and valuable as preparation for career and life.” ―Mitch Kapor, co-chair of Kapor Center for Social Impact and founder of Lotus Development Corporation
“In College Disrupted, Ryan Craig offers the best and most clear-sighted analysis of the dramatic changes underway in higher education, a persuasive argument for how we might re-invent our industry, and does so with a balance of serious mindedness and entertaining readability rare in books of this kind. While many will find his roadmap forward daunting, my colleagues should all read this book and think hard about its implications for their institutions. This is the must-read book for 2015.” ―Paul LeBlanc, president of Southern New Hampshire University
“There's a revolution underway in what we now know as "higher education," and it's dramatically changing what people learn, where they learn it, and how they will use it in work and in life. The revolution is being televised, blogged, tweeted, and MOOC'ed in ways that we could never even have dreamed just a few years ago. In College Disrupted, Ryan Craig chronicles that revolution in a thoughtful and astonishingly clear way, bringing to focus a diverse set of ideas, strategies and concepts that are completely transforming college as we know it. Craig's insightful analysis comes together in a hopeful and practical set of ideas about how to fix what's broken and continue to ensure that Americans gain even greater value from college than ever before--for their benefit individually, and for the collective well-being of all Americans.” ―Jamie Merisotis, president and CEO, Lumina Foundation
“American educational progress will continue to lag as long as the education reform conversation remains polarized. For American higher education to continue to lead the world, we must find ways to get traction for the sorely needed innovations that will improve accessibility, affordability and student outcomes for all Americans. In College Disrupted: The Great Unbundling of Higher Education, Ryan Craig lays out a blueprint for action. His clarity of observation – which is simply stated – creates a compelling burning platform. You can't ignore his assessment; the case is too clear. The recognition of a need for change frequently spurs a bias for action. Efforts sputter when plans to galvanize that bias into measurable change are lacking. What distinguishes College Disrupted is Ryan's ability to skillfully lay out options and a way forward for higher education leaders and policy makers as they take the necessary actions to advance higher education in the United States.” ―Sara Martinez Tucker, chief executive officer of the National Math and Science Initiative
“Colleges impact everyone and every part of American society, but their future is likely to look quite different from their past. In College Disrupted, Ryan Craig illuminates that future and why it matters in an entertaining read.” ―Michael Horn, co-founder and executive director of Clayton Christensen Institute
About the Author
Ryan Craig is the Founding Managing Director of University Ventures, a private equity fund focused on establishing next-generation postsecondary education companies through partnerships with traditional colleges and universities. He was the Founding Director of Bridgepoint Education, has served as advisor to the Department of Education and as Vice President of Strategic Development for Fathom, the Columbia University online education venture that was the first online consortium of world-class educational and cultural institutions.
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Most helpful customer reviews
5 of 5 people found the following review helpful. A Thoughtful and Readable Perspective By Ed from Nevada The author presents an entertaining and readable perspective on higher education and the impending changes the information age may bring. The beginning chapters address the crises the author sees in college education: affordability, governance, and lack of good data. There is not much dispute in the escalating costs associated with the increasingly bureaucratic higher education system. However, the chapter on data points out that the way in which we assess quality is not based in outcome data. So, choosing which college and what to take at what price is the most important life decision we make, yet the information to make an informed decision is lacking. He then reviews the massive open online courses, which have not provided the kind of promise initially dreamed by their proponents. Education means more than logging onto a web video, which should come as no surprise. Next, the traditional bundled college degree is compared to the cable industry: how much unnecessary effort and cost is put into a system in which sitting for a number of hours in class and doing twice that much busywork outside class! Instead, the author would like to move toward a system in which modern computer age technology can individualize education to achieve competence and the time spent would be a function of the individual's need not the traditional framework. Achieving this could bring America's already premier higher education system into an engine of innovation domestically and economically lucrative export industry. The author then presents chapters on the features of the system most ripe for change, and those in which change in likely to be delayed by various stakeholders. Here, the author reveals the shortcomings of employers, government, and academic leadership in responding to these changes. In the end, a two tiered system is predicted with more certificate-like training for the masses and fewer more traditional broad-based college graduates. Since the author works in the industry that seeks to profit from managing this change, he has well reasoned and presented thoughts on the subject. My concern is that he is not unbiased.
3 of 3 people found the following review helpful. Excellent Insights - By Loyd Eskildson What if all the supposed benefits of higher education are the result of self-selection bias? If colleges and universities are to avoid being replaced by some creation of Silicon Valley, they're going to have to answer the question of what students are actually learning and demonstrate how their programs benefit students.In the fall of 2013, a survey of over 400 small private and regional state institutions found that nearly half had fallen short of budget enrollment or net tuition revenue. From 2010 through 2012, freshmen enrollment at more than a quarter of U.S. private four-year colleges declined 10% or more. In October 2013, the percentage of 2013 high school graduates who enrolled in higher education was 65.9%, down from 70.1% four years prior.Higher education tuition has increased at double the rate of inflation for over 30 years. The overall price of higher education increased 600% between 1980 and 2010 - more than any other major product or service. (To be fair, the average discount for freshmen at private colleges is now 42%. On the other hand, there's also the important matter of opportunity costs.) In 1975, the average state-supported institution could count on state funding for over 60% of their budgets. Since then, between 1980 and 2011, all states except Wyoming and North Dakota have cut support for higher education by 15 - 70%. While Americans say they value higher education, less than 40% think states should provide more support to colleges.For the typical private sector online program, enrolling a new online student now requires spending $2,000 - $3,000 in advertising. As 50% of online students typically drop out within the first six months, that's $4,000 - $6,000 to acquire one revenue-generating student.Credit transferability makes the affordability problem worse. Students who transferred from a regionally accredited institution lost an average of 12 credits, while those who transferred from a nationally accredited school lost 16 credits.A USA Today 2012 article reported that there are more college graduates working in clerical jobs than in all computer professional jobs, more employed as cashiers, retail clerks and customer representatives than engineers. A 2013 article reported that 15% of taxi drivers, 17% of bellhops and 5% of janitors have college degrees - up from 1% in 1970. Almost half of all college graduates have a job that doesn't require a college degree. ("Job Jugglers on the Tightrope" NYT, 6/25/2011) A 2013 study from MIT and the University of Minnesota argued that any increase in the college-high school income gap since 1960 is the result of declining high school real income as opposed to increasing college income. The study also found that 1990 students graduating from California public colleges had virtually no chance of loan repayments being larger than 15% of their incomes; today, men doing so have a 38% chance and women a 55% chance.Engineering majors are 12 of the top 15 degree programs in terms of starting salary, while other degrees from lower-tier instiututions produce net negative returns for students.At some community colleges, graduation rates are below 10% - incurring debt with no return.Craig sees law schools as the 'canary in the higher education coal mine. Tuition at private law schools doubled in the past 15 years and nearly tripled at public schools while 45% of law school graduates are unable to find a job requiring a JD degree. In 2004, 100,000 applied to law school, only 59,400 in 2013 - the lowest number since 1977 and a 33% drop from 2010. Expect to see dozens of law schools close in the next decade.University trustees face multifaceted, complex, and likely vague missions. This makes it easier for management to run the show and treat the board as its plaything. So we overlook student abuse at Penn State, admit and graduate underqualified student athletes, and from 2000 to 2012, the ratio of instructional non-instructional staff declined 40%. At the University of Michigan, there are 53% more administrators than faculty. U.S. News and others evaluate colleges based on how much they spend/student. Ratings emphasize the 'Four Rs' - rankings, real estate, rah, and research.A 2009 report from the American Enterprise Institute pointed out that over the prior five years, the number of published language and literature 'research' articles had risen from 13,000 to 72,000. A 2005 study in the Journal of Higher Education showed an inverse relationship between the amount of time spent in the classroom and a faculty member's salary. ("Beyond the Rhetoric: Trends in the Relative Value of Teaching and Research in Faculty Salaries.")As a rule, colleges and universities don't track whether students are learning - we don't know what students are supposed to have learned or the extent to which they've done so. We also have no way for adjusting in variations in student capabilities, nor looking down the road at their ultimate achievements. Worse yet, Republicans have led the opposition against the creation of a federal unit record database - it's specifically forbidden in the Higher Education Act, also thanks to education lobbyists. Some states (Tennessee, Mississippi, Texas, Colorado, Arkansas, and California) have instead created their own longitudinal databases for this purpose. Bill James realized that baseball would never get to rational, data-driven management without the right data. Yet, after five years of trying and failing to convince baseball teams to pay for this new data, STATS Inc. began instead selling the data to fans.
2 of 2 people found the following review helpful. Cloudy forecast for colleges mixed with personal stories By Bosreviewer This book skips around from important points and facts about college trends to personal reminiscences which may be funny to recall at reunion, but get in the way of the arguments. The author includes many "emperor has no clothes" stories about the "non-profits" that serve to enrich everyone but the students. His forecast is that the top colleges will stay the way they are and everything else will be unbundled. He talks about revolutionary times, and there's a missing argument that even more important is to unbundle the top institutions.
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