It’s been widely reported that tuition increases, particularly at public-funded institutions, have been on an uptick since the Great Recession – and here is yet another take on the same. However, the missing link that is helpful in completing the picture is that public funding for the same institutions is also significantly down over the last 7-8 years so the funding needs to come from somewhere to continue to operate these institutions. Somewhat surprisingly, these tuition increases cycle back in the form of Federally-supported student loan debt, which is up to $1.3 trillion. from just a few hundred million dollars at the outset of this period.
So what’s the good news? We’re seeing growing attention to paid to affordability as it relates to the ability to attract, retain and graduate students successfully. One thing that we’re doing to help with Junction is dramatically reducing the cost of instructional materials, often by 80+%, in core curriculum areas while delivering a learning experience that more than 4 out of 5 students deem more effective than alternatives.
If you haven’t tried Junction yet, drop us a line and see how we can help with course redesign, student engagement and affordability.
