A new report from Standard & poor’s sends a clear message demand for Non-traditional Education Opportunities in the united states has plummeted in the coming academic year. Well, the first is the rising cost of university education.
According to the college board, college costs have increased at an alarming rate. The report found that for the most competitive private colleges and universities. Such as Harvard, Yale, Princeton, Stanford, and MIT, members of the 2024 class will pay more than double the tuition and fees expected for students under two. Decades. Among public universities, costs have often tripled.
Loss of International Students:
A second factor is the loss of international students, the result of political concerns, immigration restrictions for students, and the concerns of those students who wish to continue living and working in the united states after graduation. A recent NPR article thus highlights the significant decline in international undergraduate and graduate students:
- The united states have historically been a top destination for international students. At the last count, it was over a million. They are attracted to high-tech facilities and research opportunities. Easy non-hierarchical interaction between teachers and students. And the open and social environment on campus.
- The institute of international education found that total international enrollments fell by 16% between fall 2019 and fall 2020. Statistics for the new international students were even higher. Gloomy 43% reduction. Tens of thousands have Postponed registration.
- Why the closed border for covid-19 has certainly had an impact. So did politics, the fear that the united states were becoming more focused and nazi. The cost was also a factor. International students tend to pay higher fees.
Non-Traditional Education Opportunities:
There are also more significant implications for the decline of international students. The NPR report specifically mentions two:
A duke university study found that home students who worked with Freelancing Success international students increased their confidence, leadership, and quantitative skills. American students were also more likely to” appreciate art and literature. Put the current problems in a historical perspective.
And read or speak a foreign language. A 2017 analysis found that foreign nationals, for example, make up 81% of postgraduate students full-time in electrical engineering, 79% in computer science, and 59% in civil engineering.
Less Relevant Education
But the real question is whether Freelancing Success education and a university degree are still necessary for the success of freelancers. At least one expert believes that this is not necessary or at least less important than it was. In an article at CNBC, Stephane Kasriel, the CEO of Up work, argues that the future of work will not be related to college degrees, but to job skills.
Casriel refers to a 2018 freelance survey in America, with only 79% of self-employed people with a four-year degree saying their college education was useful for their current job, while 93% said their technical and professional skills are essential to your own success.
Casriel also points out that too often university curricula are outdated to meet the education and skills requirements that people need to succeed in the foreseeable future. No one can know the future, but areas of technological innovation certainly show the foreseeable training and skills needs. However, we know from cognizant Et al.
That universities do not prepare students for most of the required skills and roles. A recent report by the world economic forum noted that “In many sectors and countries, the most sought-after professions or specialties did not exist ten or even five years ago and the pace of change is accelerating”.
The Latest Upwork Quarterly Skills
Upwork, Data confirms this acceleration. The latest Upwork quarterly skills index, released in July, found that 70% of the fastest-growing skills are new to the index. Rapid technological change combined with rising education costs has made our traditional higher education system increasingly anachronistic and dangerous. University education costs are now so high that we have reached a peak where the resulting debt often does not outweigh future profitability.
However, very often diplomas are still seen as a sign of professionalism throughout life, and they tend to create a false sense of security, maintaining the illusion that the job and the knowledge required are static.
The future of work will not be about grades, but about skills. And no school, be it Harvard, the general assembly, or audacity, can completely prevent us from technological progress and the unpredictability of disasters. Freelancers understand that education does not and cannot stop. Particularly in rapidly changing technological areas. AI, robotics, machine learning the innovation half-life is extremely short. Freelancers recognize that they need to be informed and that this is a lifelong process. They are almost twice as likely to retrain.
The Beginning of Co-learning Offers Namba:
As a result, non-traditional education opportunities are growing. Jolt, the beginning of co-learning offers Namba, Not your average MBA. Online applications such as Coursera, the general assembly, Audacity, degrees. And Udemy provides access to college curricula and unique educational activities on demand.
The university does not leave. But many colleges and universities are likely to do so. According to the latest statistics here, in the united states, there are 5,300 universities and colleges. Michael horn in a Forbes article predicts that many will be shut down in the next decade. He writes: Clayton Christensen, a professor at Harvard business school continues to move into higher education, predicting that 50% of colleges and universities will close or go bankrupt over the next decade.
Christensen and I told the new York times in 2013 a more moderate. The nuanced forecast over the next 10-15 years, several competing colleges and universities the lowest 25% of each level will disappear or merge. One thing is certain successful freelancers have proof of mentality in the future. So, whether they are in college or not, freelancers know. That they need to keep learning and improving to get the next job.