Weekly Market Update
ONLINE LEARNING CONTINUES TO GAIN ENROLLMENT
Thursday, June 13, 2019
While some brick-and-mortar institutions have seen enrollment declines and some have closed, programs which are exclusively online have seen an increase of 38% over the past five years. A Harvard Business School professor, among others, believes that up to half of the nation's colleges and universities could close over the next two decades as online learning, formerly viewed as inferior to traditional education, improves, becomes increasingly economically efficient, and attracts a price sensitive audience. However, others are skeptical; rating agency analysts have noted that there are already more than enough online programs, and some studies have shown that online programs widen achievement gaps and aren't as affordable as they may appear.
In Other News
- The Catholic University of America received a $20 million gift, allowing the institution to double the size of its nursing school.
- Detroit's Marygrove College, which became a graduate-only institution in 2018, will permanently close after 92 years. The college's 305 students will receive financial aid counseling and academic advising, and its faculty and staff will be provided with employment counseling.
- Geoffrey Garrett, the current dean of the Wharton School at the University of Pennsylvania, was selected to lead the Marshall School of Business at the University of Southern California beginning July 1, 2020.
- Plymouth Housing, a Seattle nonprofit that builds and operates housing for the homeless and other extremely low-income adults, has raised nearly $50 million in public funds and private donations towards the construction of eight new buildings.
- The first sentencing relating to the recent college admission scandal took place on Wednesday. The former Stanford University sailing coach was given six months of home confinement, two years of supervised release, and a $10,000 fine.