Sat, 1 October 2011
The HIGH Cost of Higher Education Today
In podcast episode No. 4, the co-hosts, Dr. Daniel de Roulet and Prof. David C. Pecoraro, talk about “Knowing who your Students are Today: Student Finances”
The Podcast Outline:
This is the first of a 3 part series: Knowing Who Your Students Are Today
#1 Student Finances
#2 Student Academic Preparedness
#3 Students and Parents
Announcement: Student Caring will be speaking at the Hawaiian International Conference on Higher Education. We’ll be putting together a “Meet and Greet” for our listeners. Attire: Business Casual or Hawaiian!
Dinosaur (Historical) information from Daniel and David
We’re talking “That 70’s Show” era rather than “Happy Days.”
• David shares his journey from high school to college and graduate school from a financial perspective.
• Daniel shares his situation and the benefits of an education which was not cost prohibitive.
• A college education, while a struggle, was not unsurmountable, nor difficult to finance.
• Daniel shares statistics from: National Center for Education Statistics
• From 2001 to now the cost of education has increased by an average of 50%.
• Students and parents are taking out loans at an average of $18,000 a year.
• Graduation Rates: Just a little over 50% of undergraduate student graduate in 4 years. 61 % graduate in 5 years and 63% graduate in 6 years.
• Family debt for a 4 year degree is averaging $72,000 – $100,000.
• Taking out a second mortgage on a home, with today’s housing market, is not an option for many families.
• College savings accounts, begun 20 years ago, are “not enough” for the cost of today’s education.
• In 2011, our students are worried about tuition hikes and debt.
• Full-time students in a four-year program are working to address these concerns.
42% of our students are working over 25 hours per week.
25% of our students are working 36 hours or more per week.
• These factors create additional stress for the student.
• What can we as educators do?
Be aware. Survey your students to discover how they are doing and your own stress level?
David’s advice: Meet with the student one-on-one and illustrate where their education fits into the big picture of their lives.
Daniel: The national medium income for a graduate is an average of $15,000 a year more than those without a degree. He advises: “Stick with it,” advice he was given.
Advice to students:
Look over the long term to discover future benefits.
Ask: “Are you working more than you need to?”
• Today’s students are expected to bring technology with them, which is an increased cost. Automobiles are often necessary and expensive.
Students need to stay focused on your primary work: getting an education.
• Helping students to learn how to manage their time can be very helpful in relieving stress.
• Listening to students talk about their stresses is essential.
• David shares how important it is for him to be the very best professor possible because his students deserve the best.
• Listener, Don Lubach, Ph.D., stated in a review of our podcast: “Our only hope is to pool resources and techniques. We have to do our best work to help our students as they make their way to graduation and a tough job market.”
• Daniel encourages everyone to make this a “College Issue.”
• Today’s financial landscape is very different from the 1970’s.
STUDENT CARING TIPS
• When a class finishes a few minutes early, this a golden opportunity for students and professors to connect with each other.
• Stick around during a break.
• Let students know where you will be having coffee or lunch and invite them to join you.
• Coffee is important!
Please, tell your friends and colleagues about us!
In our next episode we’ll talk about, “Knowing Who Today’s Students Are: Student Academic Preparedness,” and continue to take us with you as we explore student caring.
We welcome your feedback to this podcast and our work:
YOU MAY Go to iTunes and write a review or simply, in iTunes, click on STAR to rate us. – we would really appreciate that!
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OR You may tell give voice feedback on student caring TOLL – FREE voice number, 1 – (855) NEWWAY- CARE That’s – 1 -(855) 639-9292
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This way, we can keep you informed about our upcoming eBook and Audio program: The Caring Professor: A Guide to Effective, Rewarding, and Rigorous Teaching
Until next time: Keep Caring!
Direct download: Student_Caring__Episode_No.4.mp3
Category:Higher Education -- posted at: 12:03pm PDT