In a special episode recorded at the Milken Global Institute, Jeff moderates a wide-ranging panel with higher education leaders including the presidents of Dartmouth, Stanford, UC San Diego, Yeshiva University, and the CEO of ETS. The conversation explores the crises and critiques facing higher ed—from campus protests and declining public trust to research funding and economic ROI. The leaders discuss how institutions can reaffirm their missions, serve a broader public, and restore faith in the value of a degree in an era of polarization and political scrutiny.

In this second part from the Milken Global Institute, Jeff Selingo engages in a provocative conversation with investor and Harvard critic Bill Ackman. They discuss the challenges facing elite higher education today—from DEI rollbacks and government funding threats to what Ackman describes as Harvard's financial crisis and governance failures. Ackman argues that administrative bloat, viewpoint homogeneity, and an unsustainable business model have undermined top institutions, while suggesting Harvard's $53 billion endowment may be significantly overvalued. The discussion explores contentious issues in admissions fairness, including legacy preferences, and concludes with Ackman's vision for higher education's future, where competition from new models might force established universities to reform or risk irrelevance. 

0:00 - Intro

1:04 - Federal Funding as a Lever of Influence

8:07 - Board Insulation at Harvard

13:08 - Limiting Class Size

14:25 - Fairness in Admissions

18:27 - Where We Go From Here

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In this special episode, recorded live at the ASU+GSV Summit, hosts Jeff Selingo and Michael Horn dive into the rapidly evolving higher ed landscape in President Trump’s second term. They discuss massive cuts at the U.S. Department of Education, mounting challenges around international student enrollment, and looming threats to federal research funding. They examine the broader, longer-term implications of these shifts for colleges and draw from their recent research to discuss how leaders can nurture positive campus culture during these challenging times. This episode is made with support from Ascendium Education Group and the Gates Foundation.

Mark Schneider: Blowing Up Ed Research is Easy. Rebuilding it is ‘What Matters’

0:00 - Intro

7:32 - Cuts to the Department of Education

20:40 - Targeting International Students

23:48 - Withholding of Federal Research Grants

39:25 - Our Favorite Higher Ed Commentary

46:31 - Changing Campus Culture

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In a special crossover episode, Michael and Jeff are joined by Chronicle of Higher Education reporter Jack Stripling to discuss a recent piece by the Chronicle: a March Madness-style bracket of the most memorable higher ed controversies of the last 25 years. The trio relives infamous scandals—from Jetgate and Varsity Blues to faculty feuds, presidential meltdowns, and that $550 olive jar. Along the way, they explore what these stories reveal about rising presidential compensation, the role of athletics in university life, the erosion of shared governance, and the shifting relationship between the public and higher ed. This episode is made with support from Ascendium Education Group and Gates Foundation.

Higher Ed Controversy Draft, College Matter from the Chronicle

0:00 - Intro
5:12 - March Madness for Higher Ed Controversies
8:53 - Controversies on the Bubble
12:30 - Jetgate
16:17 - The UVA Re-Hire
20:01 - Presidential Compensation
23:49 - The Prominent Role of Athletics in Scandals
28:42 - Who’s Watching Higher Ed?
31:38 - What Scandals Tell Us About Higher Ed Financing
38:38 - The State of the College Presidency
48:59 - Fighting Factions

In part two of their series on apprenticeships, Jeff talks with Claire Fiddian-Green, president and CEO of the Richard M. Fairbanks Foundation, about Indiana’s ambitious efforts to adapt lessons from Switzerland’s gold-standard model. They explore how Indiana is transforming high school graduation requirements, building industry-led talent associations, and designing scalable pathways that center real-world work experience. The conversation covers the challenges of shifting culture, coordinating stakeholders, and ensuring permeability between career and college tracks—all with the goal of making apprenticeships a respected and rigorous route to success after high school. This episode is made with support from Ascendium Education Group.

“No Time to Lose: How to Build a World-Class Education System State by State,” - The National Council of State Legislatures

Apprentice Nation: How the "Earn and Learn" Alternative to Higher Education Will Create a Stronger and Fairer America, - Ryan Craig 

“Career and Technical Education for All,”  - Daniel Curtis and Michael B. Horn

0:00 - Intro
3:32 - Focusing Indiana on CTE
5:00 - Applying Lessons Learned from Swiss Apprenticeship in Indiana
8:05 - Building an Apprenticeship System at Scale
10:58 - Adjusting Graduation Requirements
13:52 - The Keys to Successful Stakeholder Collaboration in Indiana
15:10 - Centering Permeability
19:05 - States in the Lead on Apprenticeship
21:56 - Putting Employers in the Driver’s Seat
26:30 - Carving Out Apprenticeship Pathways in High Schools
31:30 - Bringing it Back to the Why

Jeff and Michael are joined by Mushtaq Gunja, Executive Director of the Carnegie Classification Systems and Senior Vice President at ACE, to unpack the sweeping changes to the Carnegie Classifications. They explore how the new system aims to better group institutions, highlight student access and earnings, and shift incentives across funding, accountability, and rankings. The conversation dives into the implications for colleges chasing R1 status, the normative power of classifications, and whether these changes will meaningfully alter institutional behavior or simply create a new hierarchy. This episode is made with support from Ascendium Education Group and the Gates Foundation.

2025 Institutional Classifications, Carnegie Classifications of Institutions of Higher Education

2025 Research Activity Designations, Carnegie Classifications of Institutions of Higher Education

0:00 - Intro
05:50 - The Changing Higher Ed Landscape
08:06 - The Impact of the New Classifications
10:42 - Anticipating the Normative Effects
16:55 - New Funding Criteria
18:13 - Shifting to a Focus on Outcomes
21:17 - Measuring Access and Earnings
24:53 - Encouraging Good Use of the New Classifications
34:24 - Considering the Impact on Research Dollars
40:28 - Institutional Response to Access and Earnings Designations
46:30 - What This Means for Rankings

As colleges navigate increasing financial pressure, many struggle to balance mission with sustainability. In this  episode, Jeff and Michael welcome Rick Staisloff, founder of rpk GROUP, for a crash course in how college budgets really work. From centralized vs. decentralized models to the challenges of tuition discounting, Rick breaks down the major drivers of revenue and expense in higher ed. He also highlights why better business intelligence, clearer accountability, and a shift toward ROI thinking are essential for financial sustainability. Whether you're a board member or just curious, this episode offers practical insight into what’s working—and what’s not—in college budgeting. This episode is made with support from Ascendium Education Group and the Gates Foundation.

Chapters

0:00 - Intro

03:45 - How colleges put together their budgets

9:05 - Implementation challenges and best practices

15:04 - Non-tuition revenue sources

26:21 - Cost drivers

29:41 - Solving the “Financial Bucket Problem”

35:41 - Deferred maintenance

38:11 - Shifting to an ROI mindset

41:04 - The levers to pull

43:14 - On the margins

46:44 - College cash sources

49:03 - Our most promising strategies

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The U.S. has a lot to learn when it comes to systematizing apprenticeship. Thankfully, there are successful international models, like Switzerland’s, that we can study. Katie Caves, the Director at Switzerland’s Center on the Economics and Management of Education and Training Systems, joins the podcast to discuss the Swiss model and what can be gleaned from it. They discuss its permeability between academic and vocational tracks, proving its value to employers, the prestige of Swiss apprenticeships, and the principles that hold across borders. This episode is made with support from Ascendium Education Group.

Return on investment of apprenticeship systems for enterprises: Evidence from cost-benefit analyses
by Samuel Muehlemann & Stefan C Wolter

0:00 - Intro

3:35 - Swiss Apprenticeship 101

6:56 - Path Selection and Funding

13:46 - The Status of Apprenticeship in Switzerland

18:58 - Borrowing Across Borders

25:15 - The ROI to Employers

29:47 - Evaluating Indiana’s Apprenticeship Model

33:45 - Imbuing Prestige in American Apprenticeship

38:49 - Striking the Balance

43:01 - The Influence of Accountability

AI is evolving at a rapid rate, and its implications for higher ed are changing in lock step. So, Michael and Jeff dove back into the topic at the Google Public Sector GenAI Live & Labs Conference with a panel of experts: Ann Krischner of CUNY and ASU, Pace University’s Marvin Krislov, and Google’s Chris Hein. They discussed the necessity of an institutional AI strategy, the tech’s implications for the future of work, and why university partnerships will be essential to equity in the age of AI. This episode is made with support from Google.

0:00 - Intro

1:40 - Campus-Wide AI Strategy

6:02 - Skills in the Age of AI

9:52 - AI Policy and Faculty Training

11:49 - The Dislocation of Entry Level Jobs

15:33 - Teaching AI

18:39 - Mounting the Liberal Arts Comeback

21:25 - The Future of Academic Research

24:37 - Building Access through Partnership

31:12 - Questionable Assumptions

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Mergers aren’t easy. They demand careful analysis, difficult decisions, and tricky stakeholder management. But they are becoming increasingly necessary as dropping enrollments make going it alone less viable for more and more institutions. So, Michael and Jeff sat down with the presidents of two colleges in Ohio that are in the process of merging and the consultant that helped guide them through it to learn more about how to do so successfully. They discuss how to find the right partner, navigate federal approval processes, and manage the emotional elements. This episode is made with support from Ascendium Education Group and The Gates Foundation.

Strategic Mergers in Higher Education by Ricardo Azziz et al.

0:00 - Introduction

01:32 - Future U’s Coverage of M&A

03:26 - A Merger in Northwest Ohio

04:44 - Pursuing a Partnership

08:29 - Finding the Right Fit

10:45 - The Challenging Federal Approval Process

16:21 - Managing Stakeholder Communications

22:09 - Lessons Learned

27:04 - The Leadership Characteristics Required

30:46 - The Timeline of Mergers

39:03 - Managing the Emotional Element

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