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Industry Landscape
The higher education industry is currently facing numerous challenges, including rising tuition costs, increasing competition, and changing student demographics. Online learning and alternative credentialing programs are growing in popularity, disrupting traditional models. Institutions are focusing on personalized learning experiences, career readiness, and adapting to technological advancements. There is a growing emphasis on accessibility and affordability, with many institutions increasing financial aid and exploring new funding models. The industry is also navigating evolving accreditation standards and increased scrutiny regarding student outcomes and return on investment.
Total Assets Under Management (AUM)
Student Enrollment in
~
(-1.2% CAGR)
- Decrease in total enrollment.
- Public institutions see slight growth.
- Private institutions facing declines. https://nces.ed.gov/fastfacts/stat/
Total Addressable Market
650 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Driven Personalization
AI-driven personalized learning tailors educational content and pace to individual student needs, enhancing engagement and outcomes.
Blockchain for Credentials
Blockchain technology can secure student records and credentials, preventing fraud and enabling seamless transfer of credits between institutions.
Extended Reality (XR)
Extended Reality (XR) technologies like VR and AR offer immersive learning experiences, allowing students to explore complex concepts and simulations in engaging ways.
Impactful Policy Frameworks
Department of Education's Program Integrity Rule (2010)
The Program Integrity Rule aims to protect students and taxpayers by setting standards for online education programs, including requirements for regular and substantive interaction between students and instructors and ensuring that institutions have the resources to provide effective online learning experiences.
This policy could potentially increase compliance costs for Bethel University but also enhance the credibility and value of its online programs.
The Family Educational Rights and Privacy Act (FERPA) (1974)
FERPA protects the privacy of student educational records, granting students the right to access their records, seek to amend them, and control the disclosure of personally identifiable information (PII) from the records.
This policy will require Bethel to enhance data security measures and transparently communicate its data practices to students, faculty, and staff.
Title IX Compliance (1972)
Title IX prohibits sex-based discrimination in any educational program or activity receiving federal financial assistance, and recent interpretations have broadened its scope to include protection for LGBTQ+ students and address online harassment and sexual violence.
Title IX's broadened scope may necessitate updates to Bethel's policies and procedures, increasing resources dedicated to prevention, investigation, and resolution of discrimination and harassment cases.
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