Will we look back on 2015 as the year when the market and policymakers got serious about alternative credentials?
We all know the backstory. Steady globalization and automation have eaten away at the economic status quo and driven U.S. higher education enrollment up 40% in the last 15 years, more than double population growth. Yet return on investment (ROI) is under unprecedented pressure. The U.S. is riding a “perfect storm” of ballooning student debt, lackluster graduation rates, and questionable graduate quality. Everyone seems to agree that more higher education is central to the national strategy, but it is also clear that the nation needs to rethink higher education if ROI is to pass muster.