In recent times, many higher ed observers have suggested that higher ed's business model is broken. In this episode we speak with the co-authors of the 'hot-off-the-press' book, The College of the Future, which lays out a bold plan to 'fix the broken business model' for those institutions that are most vulnerable--America’s private, non-profit colleges. These colleges have long been a haven for students, an anchor for communities, and a cultural oasis in small towns and cities across America, but rising costs and falling enrollments have plunged many of these venerable institutions into debt. In the past decade, dozens have closed their doors for good, a devastating occurrence for students, faculty, staff, alumni, and the communities surrounding the campuses. Even institutions that are thriving are faced with headwinds that necessitate strategic evolution.
In our conversation with the book's co-authors, Jeffrey Docking, President of Adrian College, and Kevin Harrington, CEO of Rize Education make a compelling case for a collaborative model that allows colleges to quickly add enrollment-boosting majors, minors, certificates, and courses with significantly less cost and risk. Most importantly, this new model provides a path forward not only toward private colleges’ sheer survival, but to their achievement of enduring viability. To learn more about joining RIZE, contact Kevin at
[email protected] or President Docking at
[email protected].