Higher Education Costs

Feb 20, 2008

George Washington University | Center for Innovative Media National Center for Public Policy and Higher Education Public Agenda

Students and college presidents discussed the rapidly rising costs of higher education. The forum was held as a result of a new report released by Public Agenda entitled Squeeze Play. The first panel focused on the reasons that college costs are rising so fast. The second panel talked about possible solutions for making college more .. Read More
Students and college presidents discussed the rapidly rising costs of higher education. The forum was held as a result of a new report released by Public Agenda entitled Squeeze Play. The first panel focused on the reasons that college costs are rising so fast. The second panel talked about possible solutions for making college more affordable. After their presentations the panel members responded to audience members' questions. Frank Sesno moderated both discussions.

2 hours, 47 minutes | 144 Views

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TRANSCRIPT

TIME SPEAKER TEXT
00:00:19 Unidentified Speaker THE FIRST PANEL EXPLORING THE REASONS BEHIND RISING TUITION COSTS, FOLLOWED BY A PANEL ON POLICY SOLUTIONS....
00:01:08 Unidentified Speaker FIRST OF ALL, IF I COULD HAVE YOU -- DO WE WANT PEOPLE CLUSTERED IN FRONT? YES? C-SPAN? SO FOR THOSE...
00:04:06 Unidentified Speaker GOOD AFTERNOON, EVERYONE. I'M RUTH WOODEN, PRESIDENT OF THE PUBLIC AGENDA, ONE OF THE CO-SPONSORS...
00:08:07 Unidentified Speaker THANK YOU, RUTH. THANKS TO THOSE OF WHO YOU ARE HERE TODAY AND TO OUR C-SPAN AUDIENCE FOR JOINING....
00:09:29 Unidentified Speaker SINCE AUGUST 1.
00:09:30 Unidentified Speaker SINCE AUGUST 1678 AND BEFORE THAT?
00:09:32 Unidentified Speaker I WAS AT JOHNS HOPKINS UNIVERSITY ASS A PROVOST.
00:09:34 Unidentified Speaker WELCOME TO THIS CONVERSATION. I'M GLAD COULD YOU BE HERE. JARED BERNSTEIN, AN ECONOMIST. YOU ARE DIRECTOR...
00:09:42 Unidentified Speaker THE LIVING STANDARDS PROGRAM AT THE ECONOMIC POLICY INSTITUTE.
00:09:47 Unidentified Speaker JOHN IS A SENIOR RESEARCHER WITH THE PUBLIC AGENDA AND FROM VILLANOVA UNIVERSITY. AND YOU HELPED TO...
00:09:57 Unidentified Speaker I DID.
00:09:59 Unidentified Speaker YOU'RE A STUDENT.
00:10:01 Unidentified Speaker WHAT YEAR?
00:10:02 Unidentified Speaker A SOPHOMORE.
00:10:05 Unidentified Speaker WHERE ARE YOU FROM?
00:10:06 Unidentified Speaker FROM PAKISTAN.
00:10:07 Unidentified Speaker SO YOU COME TO THE UNITED STATES FOR AN EDUCATION?
00:10:10 Unidentified Speaker I WAS THERE FOR A WHILE. NOW I'M HERE. I'VE BEEN HERE MOST OF MY LIFE.
00:10:14 Unidentified Speaker WELL, GOOD. THANKS. ALSO PATRICK, FOUNDING PRESIDENT, NATIONAL CENTER FOR PUBLIC POLICY AND HIGHER...
00:10:22 Unidentified Speaker IT'S AN INDEPENDENT, NONPARTISAN, NONPROFIT ORGANIZATION WHICH ADDRESSES HIGHER EDUCATION POLICY ISSUES...
00:10:37 Unidentified Speaker SO YOU KNOW THIS WELL. WE'LL BE TALKING TO YOU A LOT. STEVEN SCOTT FROM GEORGE MASON UNIVERSITY.
00:10:43 Unidentified Speaker FAIRFAX. SECOND YEAR PH.D. I'M FROM LOUISIANA.
00:10:48 Unidentified Speaker HISTORY. EARLY AMERICAN AND THE ATLANTIC WORLD.
00:10:52 Unidentified Speaker TO DO WHAT?
00:10:53 Unidentified Speaker PROFESS HOPEFULLY.
00:10:55 Unidentified Speaker WE'LL BE WATCHING CLOSELY. AND FINALLY, AARON BELL, ALSO PH.D.
00:11:01 Unidentified Speaker YES AT AMERICAN UNIVERSITY.
00:11:02 Unidentified Speaker IN?
00:11:03 Unidentified Speaker IN HISTORY.
00:11:04 Unidentified Speaker RICH WITH HISTORIANS HERE. WE'LL BE LOOKING TO YOU FOR ALL KINDS OF CONTEXT IN THE CONVERSATION. ...
00:11:54 Unidentified Speaker WE'VE SEEN HARVARD AND YALE DO THINGS ON THIS LINE. THIS IS SWEEPING.
00:11:57 Unidentified Speaker MY RESPONSE IS MIXED IN A WAY. I WANT TO APPLAUD AND NOT DISPARAGE IN ANY WAY WHAT STANFORD, HARVARD...
00:12:47 Unidentified Speaker THEY SAY IT WILL AFFECT 30% TO 35% OF THEIR STUDENTS SO IT DOESN'T REFLECT REALITY?
00:12:52 Unidentified Speaker YOU KNOW, FOCUS GROUPS ALL OVER THE COUNTRY TALKED TO HUNDREDS OF PEOPLE ABOUT HIGHER EDUCATION, SENDING...
00:13:25 Unidentified Speaker ABOUT $800.
00:13:26 Unidentified Speaker ROUNDING IT OUT.
00:13:28 Unidentified Speaker SO I THINK I COULD EVEN SEE SOME RESENTMENT ON THE PART OF PEOPLE READING YOU MEAN A PERSON WITH $60,000...
00:13:43 Unidentified Speaker ABOUT 2/3 OF STUDENTS ENROLLED IN FOUR-YEAR INSTITUTIONS ARE GOING TO PUBLIC INSTITUTIONS. AND THAT...
00:14:27 Unidentified Speaker WHEN I WAS SPEAKING TO THE DEAN OF ADMISSIONS AND FINANCIAL AID A WHILE AGO AT STANFORD, ONE OF THE...
00:14:49 Unidentified Speaker NO. I DON'T THINK IT DOES THAT AT ALL. FOR MOST AMERICANS WHO WANT TO GO TO COLLEGE OR WANT THEIR...
00:15:03 Unidentified Speaker WHAT DO OUR STUDENTS THINK OF THAT? YOU HEAR BAY SCHOOL LIKE STANFORD. YOU'RE AT GEORGE MASON UNIVERSITY....
00:15:10 Unidentified Speaker FOR ME, IT KIND OF -- WHO CAN GET INTO STANFORD AND HARVARD AND YALE? I EVEN COULDN'T. I HAVE MADE...
00:15:31 Unidentified Speaker SO YOU'RE NOT IMPRESSED BY THAT.
00:15:34 Unidentified Speaker AGAIN, I WOULD POSSIBLY ECHO THE SETMENT THAT IT'S NICE BUT IT'S ONLY BECAUSE THEY'RE REALLY RICH...
00:15:47 Unidentified Speaker I THINK THAT I TAKE AN OPTIMISTIC APPROACH TOWARDS THIS, I THINK. PERHAPS I HAVEN'T BEEN IN GRAD ...
00:16:32 Unidentified Speaker CAN I SAY SOMETHING ABOUT THAT?
00:16:34 Unidentified Speaker CERTAINLY HAS TRICKLED DOWN. AGAIN, STANFORD IS OBSERVING THAT 30% TO 35% OF THEIR STUDENTS WILL BENEFIT...
00:16:46 Unidentified Speaker A QUICK COMMENT. I THINK THE QUESTION HERE TO EVALUATE THIS IS, ARE THERE STUDENTS WHO WILL GET TO...
00:17:00 Unidentified Speaker STEVEN KNAPP, PRESIDENT OF GEORGE WASHINGTON UNIVERSITY, FIRST YOUR RESPONSE TO WHAT YOU SEE YOUR...
00:17:09 Unidentified Speaker FIRST OF ALL, I THINK THIS IS AN IMPORTANT NATIONAL ISSUE. I'M GLAD THE PUBLIC AGENDA IS LOOKING AT...
00:18:30 Unidentified Speaker SO YOU DID, THOUGH, ANNOUNCE NOT QUITE TWO WEEKS AGO AN INITIATIVE ON G.W.'S PART TO ADDRESS SOME...
00:18:39 Unidentified Speaker IN FACT, THE FIRST DAY I ARRIVED IN OFFICE, AUGUST 1 I MET WITH MY ENTIRE SEER SENIOR STAFF AND SAID...
00:18:50 Unidentified Speaker WE HAVE TO ADDRESS ISSUE OF AFFORD YABLGHTD. DOES THAT SUGGEST THAT YOU BELIEVE THAT COLLEGE IS NOT...
00:18:58 Unidentified Speaker THE REALITY IS WE HAVEN'T SEEN -- WHEN WE LOOK AT THE NUMBERS OF OUR APPLICANTS, WE HAVE NOT SEEN...
00:20:08 Unidentified Speaker ON AVERAGE?
00:20:09 Unidentified Speaker RIGHT NOW OR AGAIN FOR STUDENTS -- NOT ALL OF OUR STUDENTS, OF COURSE, GRADUATE WITH DEBT. BUT FOR...
00:21:09 Unidentified Speaker SINCE YOU'RE SO TUITION DEPENDENT AT GEORGE WASHINGTON UNIVERSITY WHERE DOES THE MONEY COME? YOU DON'T...
00:21:16 Unidentified Speaker PART OF OUR PLAN IS TO INCREASE THE RATE AT WHICH WE'RE RAISING FUNDS FOR STUDENT AID FOUR-FOLD OVER...
00:21:24 Unidentified Speaker SO YOU HAVE TO RAISE THE MONEY.
00:21:27 Unidentified Speaker REALITY IS FOR THE TUITION DEPENDENT INSTITUTION, TWO SOURCES OF REVENUE ARE, ON THE ONE HAND, TUITION...
00:21:33 Unidentified Speaker I'M SURE YOU KNOW THE NUMBER OF TIMES PEOPLE COME UP TO ME AND SAY YOU'RE A PROFLSOR AT G.W., THE...
00:21:44 Unidentified Speaker AGAIN, PART OF THAT IS BECAUSE THE STORY IS A LITTLE COMPLICATED BECAUSE WE HAVE THIS FIXED TUITION...
00:22:30 Unidentified Speaker LET ME PUT UP SOME SLIDES JUST TO ESTABLISH A LITTLE BIT OF GROUNDWORK FROM WHICH WE'RE OPERATING...
00:23:41 Unidentified Speaker I THINK THAT WAS ONE OF MY PROBLEMS WITH LEADING WITH STANFORD. THERE ARE A SORT OF SET OF VERY WEALTHY...
00:25:00 Unidentified Speaker I'VE GOT A GREAT ANECDOTE THAT YOU BROUGHT TO MIND. I WAS AT A CONFERENCE RECENTLY. AN ECONOMIC PROFESSOR...
00:26:13 Unidentified Speaker ARE YOU CARRYING STUDENT
00:26:14 Unidentified Speaker NO. I'M ON A SCHOLARSHIP RIGHT NOW.
00:26:17 Unidentified Speaker YOU'RE ON A FULL SCHOLARSHIP. DO YOU HAVE ANY LOANS?
00:26:20 Unidentified Speaker I DON'T YET BUT I PROBABLY WILL.
00:26:22 Unidentified Speaker WHAT'S YOUR SITUATION?
00:26:25 Unidentified Speaker I LUCKILY CAME INTO A PH.D. WITHOUT HAVING LOANS. BUT FROM TWO YEARS OF PH.D. I'M UP AT ABOUT $25,000...
00:26:32 Unidentified Speaker WHAT DO YOU SUPPOSE YOU'LL BE AT WHEN YOU FINISH?
00:26:35 Unidentified Speaker I ESTIMATE AT LEAST $40,000 TO $50,000. DEPENDING ON DISIERTATION.
00:26:41 Unidentified Speaker WILL THAT EFFECT YOUR CAREER CHOICES?
00:26:42 Unidentified Speaker YEAH. ESPECIALLY FOR EARLY AMERICAN HISTORY PROFESSOR. THE JOBS, YOU KNOW, I SORT OF HAVE TO GO WHERE...
00:26:58 Unidentified Speaker MAYBE YOU CAN TEACH THE HISTORY INVESTMENT BANKING.
00:27:00 Unidentified Speaker THAT WOULD BE NICE. I'M NOT GOING MAKE A WHOLE LOT OF MONEY GETTING OUT OF MY PROGRAM, A SO THAT MAY...
00:27:21 Unidentified Speaker WHAT DO YOU THINK IS THE APPROPRIATE LEVEL OF DEBT THAT A STUDENT SHOULD HAVE? OR DO YOU THINK THAT...
00:27:37 Unidentified Speaker ONE OF THE THINGS THAT HAPPENED AS A RESULT OF THE REDUCTION OF FEDERAL SUPPORT FOR STUDENT AID WAS...
00:30:22 Unidentified Speaker YOU THINK HIGHER EDUCATION IS AS EFFICIENT AS IT CAN BE?
00:30:25 Unidentified Speaker LET ME BACK UP A LITTLE BIT TO HOW THE PUBLIC PERCEIVES THIS. WE CALL THE REPORTS SQUEEZE PLAY BECAUSE...
00:30:41 Unidentified Speaker ESSENTIAL?
00:30:42 Unidentified Speaker SEBL. WE HEARD A LOT ABOUT BILL GATES. YOU CAN BE THE RICHEST PERSON IN THE UNIVERSE WITHOUT HAVING...
00:30:49 Unidentified Speaker THERE ARE LOTS OF BILL GATES OUT THERE.
00:30:51 Unidentified Speaker IN THE LAST SIX OR SEVEN YEARS, WE'VE SEEN A DRA MAT YAIK INCREASE IN THAT NUMBER. NOW MORE THAN HALF...
00:31:33 Unidentified Speaker LET ME GO BACK TO THE SLIDES ON THAT POINT AND FROM THE REPORT FOR A MINUTE. I WANT TO SHOW YOU. ...
00:32:37 Unidentified Speaker UP TO 123% IN 2000.
00:32:38 Unidentified Speaker WITHOUT FINANCIAL AID.
00:32:39 Unidentified Speaker WOULD YOU -- TRANSLATE THIS FOR US IN TERMS OF WHAT THIS -- DOES THIS INCLUDE FINANCIAL AID OR NOT?...
00:32:46 Unidentified Speaker YES IT DOES INCLUDE IT. IT'S NET COSTS ARE GOING TO GO INTO COLLEGE. AND I THINK YOUR DATA ALSO SHOW...
00:33:05 Unidentified Speaker ON THIS ONE HERE, IF WE GO BACK TO THIS SLIDE THAT I'VE GOT UP FOR A MOMENT, THE FOUR-YEAR PRIVATE...
00:33:29 Unidentified Speaker YEAH. AND THAT'S BEEN ACCENTUATED SINCE 2001 BY THE INCOME STAGNATION IN THIS DECADE AS COLLEGE COSTS...
00:33:47 Unidentified Speaker IS THERE A IS THIS A CONVERSATION YOU HAVE WITH PEERS AND OTHER STUDENTS? AWARE OF THESE COSTS? AWARE...
00:33:54 Unidentified Speaker ABSOLUTELY. I KNOW, FOR EXAMPLE, WHEN I WAS APPLYING TO GRADUATE SCHOOL, THE COST OF SCHOOL, 100%...
00:34:02 Unidentified Speaker 100%?
00:34:03 Unidentified Speaker MAYBE 95%. I CERTAINLY WANTED TO GO --
00:34:07 Unidentified Speaker A SORT EVER GRADUATE STUDENT PRECISION THERE.
00:34:10 Unidentified Speaker MINE WAS PROBABLY 99%.
00:34:12 Unidentified Speaker I WANTED TO COME TO D.C. TO STUDY HISTORY. WHERE ELSE WOULD YOU GO? IT SEEMED LIKE THE BEST PLACE....
00:34:22 Unidentified Speaker IT DIDN'T STOP YOU FROM APPLYING.
00:34:24 Unidentified Speaker CERTAINLY NOT. BUT I ALSO HAD -- I TOOK TIME OFF TO TEACH. AND I KNEW I HAD A TEACHING JOB. AND HAD...
00:34:44 Unidentified Speaker I JUST WANTED TO ADD ONE THING TO THIS ISSUE OF HOW MUCH COST IS INFLUENCING THE DECISION STUDENTS...
00:35:45 Unidentified Speaker FUNDAMENTALLY HAS CHANGED.
00:35:47 Unidentified Speaker IDEAL I THINK IN THE YEARS AFTER WORLD WAR II WHEN WE WERE BUILDING THIS SYSTEM WAS TO HAVE A DIVERSIFIED...
00:36:00 Unidentified Speaker THERE IS A RANGE.
00:36:01 Unidentified Speaker BUT WHICH OF THOSE YOU CHOOSE HAS LESS TO DO WITH YOUR EDUCATION AND PROBABLY YOUR TALENT AND MORE...
00:36:10 Unidentified Speaker I THINK ONE OF THE CHALLENGES THAT WE FACE IS GETTING THE WORD OUT ABOUT THE AVAILABILITY OF STUDENT...
00:36:52 Unidentified Speaker THEY'RE BORROWING. THAT'S WHAT THEY'RE DOING.
00:36:54 Unidentified Speaker OR THEY'RE GETTING.
00:36:56 Unidentified Speaker I'M NOT TALKING ABOUT G.W. NOW. I THINK THE PICTURE -- I HAVE NO IDEA WHAT HAPPENS AT G.W., BUT ANOTHER...
00:38:02 Unidentified Speaker I'M SORRY. YOU HAD SOMETHING?
00:38:05 Unidentified Speaker I JUST WANTED TO SAY, LIKE YOU SAID, BACK TO WHAT YOU SAID ABOUT THE FIRST GENERATION STUDENTS, THEY'RE...
00:38:49 Unidentified Speaker LET ME PUT YOU ON THE SPOT FOR A MINUTE HERE. YOU'RE RUNNING A BUSINESS AND WANT TO SELL MORE TO MORE...
00:39:17 Unidentified Speaker WELL, YEAH. AGAIN, I THINK RAISING MORE MONEY IS IS A WAY OF REDUCING COSTS. ONE OF OUR MOST IMPORTANT...
00:40:08 Unidentified Speaker 20,000 APPLICATIONS?
00:40:09 Unidentified Speaker 20,000 APPLICATIONS. WE COULD FILL UP OUR ENTIRE INSTITUTION WITH STUDENTS WHO COULD AFFORD TO PAY...
00:40:39 Unidentified Speaker I WANT TO TURN THE CONVERSATION FOR A FEW MINUTES TO WHY IT COSTS SO MUCH AND GO BACK TO THE SLIDE...
00:41:20 Unidentified Speaker IT HAS A LOT TO DO WITH THE PRODUCTIVITY PROBLEM THAT PRESIDENT KNAPP WAS TALKING ABOUT. BASICALLY...
00:43:59 Unidentified Speaker DO YOU WANT TO JUMP IN?
00:44:01 Unidentified Speaker I HAVE JUST INTERVIEWED 30 COLLEGE PRESIDENTS ON THIS SUBJECT. THEY TOLD ME TWO THINGS. FIRST OF...
00:44:38 Unidentified Speaker DO YOU AGREE WITH THAT? DO YOU BUY THAT?
00:44:42 Unidentified Speaker IT LOOKS LIKE HE'S GOT AHIS VIEW ON THAT.
00:44:44 Unidentified Speaker I DON'T WANT TO LET THIS -- THE ONLY PROFESSOR ON THE
00:44:47 Unidentified Speaker YOU'RE THE GUY WHO INTERVIEWED THE 30 COLLEGE PRESIDENTS.
00:44:52 Unidentified Speaker THEY ARE VERY PERSUASIVE AND, OF COURSE, KNOW THEIR BUSINESS. BUT AT THE SAME TIME THEY WILL ALSO...
00:45:22 Unidentified Speaker THE THING IS, FOR ME AS A FUTURE HOPE-TO-BE PROFESSOR, IT DOESN'T SEEM THAT THE MONEY IS GOING TO...
00:45:44 Unidentified Speaker YOU GOT ONE HERE.
00:45:45 Unidentified Speaker GETTING INTO THE PUBLIC RECEPTION THING, TOO. NICK SABIEN GETS $5 MILLION A YEAR AT ALABAMA. AND YOU...
00:46:02 Unidentified Speaker THERE IS A SERIOUS PUBLIC PERCEPTION PROBLEM. LET'S SPEND A MINUTE WITH A UNIVERSITY PRESIDENT.
00:46:08 Unidentified Speaker I MENTIONED WHAT I THINK. I THINK WE AGREE ON ONE FACTOR WHICH IS THAT YOU DON'T GET PRODUCTIVITY...
00:46:54 Unidentified Speaker LIKE WHAT?
00:46:56 Unidentified Speaker LIKE DEMANDS THAT WE INCREASE OUR COMPUTERIZED TRACKING OF ALL ASPECTS OF OUR STUDENT' LIVES, REQUIREMENTS...
00:48:10 Unidentified Speaker WHAT ABOUT -- IS IT NOT WHERE THE MONEY IS?
00:48:12 Unidentified Speaker I'M NOT -- I CAN'T SPEAK FOR ALL INSTITUTIONS. I CAN TELL YOU I THINK IF THE RATE WAS 1 POINT-SOMETHING...
00:48:36 Unidentified Speaker JONT ASKED YOU THESE QUESTION AND ASKED YOU THE TRENDS ARE. YOU WOULD HAVE SAID WHAT?
00:48:44 Unidentified Speaker I THINK WE HAVE TO LOOK FOR WAYS OF DOING THIS. I THINK YOU'RE GOING HEAR LATER ON FROM THE CHANCELLOR...
00:49:50 Unidentified Speaker I HAVE NOTHING BUT RESPECT AND ADMIRATION FOR THE LEADERS LIKE STEVE AND THOSE YOU'LL HEAR FROM IN...
00:52:18 Unidentified Speaker YOU THINK THIS IS GOING GET WORSE OVER TIME?
00:52:22 Unidentified Speaker I THINK -- I THINK NO MATTER MATTER -- IN SOME WAYS, YOU KNOW, FINGER POINTING DOESN'T HELP. WE HAVE...
00:52:59 Unidentified Speaker I THINK IT'S IMPORTANT TO START -- WHAT I STARTED TO STRESS WAS I THINK IT'S IMPORTANT TO START WORKING....
00:53:14 Unidentified Speaker LESS FIRINGS, SMALLER RAISES? IT MEANS WE'RE GOING TO HAVE TO DO SOME OF THE SCRAMBLING THAT WAS DESCRIBED...
00:54:10 Unidentified Speaker YET THE HIGHER YOU ARE, THE EASIER.
00:54:13 Unidentified Speaker BECAUSE THE MEASURES -- IT'S EXPENDITURES PER FACULTY IS ONE OF THE THINGS THAT DRIVES IT. SO IN OTHER...
00:54:22 Unidentified Speaker THE RICH GET RICHER BASICALLY.
00:54:24 Unidentified Speaker IT'S WHAT -- WHEN YOU TRY TO COMPETE WITH OTHER INSTITUTIONS, IF YOU WANT TO RISE IN RANKINGS, WHAT...
00:54:43 Unidentified Speaker JOHN?
00:54:44 Unidentified Speaker IN ADDITION TO INTERVIEWING SOME COLLEGE PRESIDENTS, WE'VE ALSO INTERVIEWED BUSINESS LEADERS. INTERESTINGLY...
00:55:27 Unidentified Speaker IS FINDING WAYS OF OPERATING MORE EFFICIENTLY THAT ALSO DON'T DEGRADE THE QUALITY. AGAIN, THE SIMPLEST...
00:56:28 Unidentified Speaker WE HAVE SOME GOOD SCAM PEFLZ TECHNOLOGY THAT HAS BOTH IMPROVED QUALITY IF YOU MEASURE IN T IN TERMS...
00:56:54 Unidentified Speaker I AGREE WITH THAT.
00:56:55 Unidentified Speaker THE PROBLEM IS, THOUGH, I THINK -- BECAUSE I THINK THE POINT STEVE RAISES IS THE RIGHT ONE. IT GETS...
00:57:30 Unidentified Speaker HOW SHOULD WE THINK ABOUT IT?
00:57:32 Unidentified Speaker IN TERMS OF STUDENT LEARNING. WHAT STUDENTS -- THE BENEFITS AS BEST WE CAN ASSESS THEM. AND WE HAVE...
00:58:15 Unidentified Speaker I AGREE THERE'S A LOT MORE WE CAN DO IMPROVE THE QUALITY USING TECHNOLOGY. I ALSO AGREE WITH A LOT...
00:59:02 Unidentified Speaker THERE IS A LITTLE BIT OF ROOM IN SOME PLACES, WE HAVE TO RETHINK HOW WE DO THIS BUSINESS AND THE WAYS...
00:59:15 Unidentified Speaker LET'S BRING OUR STUDENTS IN HERE. WHAT DID YOU LOOK FOR WHEN YOU SELECTED YOUR SCHOOLS? WHAT DID...
00:59:24 Unidentified Speaker I WOULD LIKE TO ADDRESS ONE POINT BEFORE WE MOVE INTO THAT, THIS IDEA OF SCHOOL AS A BUSINESS IS INHERENTLY...
01:00:19 Unidentified Speaker WHAT YOU THINK? WHAT DO YOU LOOK FOR WHEN YOU ARE OUT THERE?
01:00:23 Unidentified Speaker I LOOK FOR QUALITY. BASICALLY QUALITY IS THE RANKING.
01:00:29 Unidentified Speaker YOU LOOK AT THE RANKING?
01:00:31 Unidentified Speaker WHAT DRIVES THE RANKING? RIGHT NOW I AM GOING TO A TWO- YEAR INSTITUTE, I WILL TRANSFER AT THE END...
01:00:56 Unidentified Speaker WHEN YOU ARE LOOKING FOR WHERE YOU WILL TRANSFER AND TO DEFINE QUALITY, WHAT ARE YOU LOOKING FOR?...
01:01:03 Unidentified Speaker FACILITIES, RESOURCES, JOB PLACEMENT, INTERNSHIPS, THE ENVIRONMENT AND THE LOCATION.
01:01:13 Unidentified Speaker DO YOU CARE ABOUT THE STUDENT/FACULTY RATIO?
01:01:16 Unidentified Speaker DEFINITELY.
01:01:19 Unidentified Speaker THE U.S. NEWS AND WORLD
01:01:20 Unidentified Speaker I DO.
01:01:22 Unidentified Speaker DOES IT MATTER TO YOU WHAT THEY SAY?
01:01:27 Unidentified Speaker -- U.S. NEWS AND WORLD REPORT RANKING?
01:01:28 Unidentified Speaker I DO.
01:01:30 Unidentified Speaker DOES IT MATTER TO YOU WHAT THEY SAY?
01:01:31 Unidentified Speaker IT DOES.
01:01:34 Unidentified Speaker IT DOES NOT MATTER TO ME, I WOULD RATHER BE IN A CLASS THAT IS MUCH SMALLER.
01:01:40 Unidentified Speaker IF YOU COULD GO TO AN INSTITUTION THAT WAS SUBSTANTIALLY LESS BUT THE CLASSES WERE TWICE AS LARGE,...
01:01:50 Unidentified Speaker IT IS DIFFICULT, FOR GRADUATE SCHOOL IS A DIFFERENT SITUATION. I THINK YOU CAN ASSUME WITH GRADUATE...
01:02:51 Unidentified Speaker SPEAKING FROM WHEN I PICKED AN UNDERGRADUATE SCHOOL, I HAD --
01:02:56 Unidentified Speaker WHERE WAS YOUR UNDERGRAD SCHOOL?
01:02:59 Unidentified Speaker A SMALL, LIBERAL ARTS, EXPENSIVE COLLEGE IN MINUTES -- IN MISSISSIPPI. NO. 1 AND NO. 2 ON BEST VALUE,...
01:04:05 Unidentified Speaker I THINK EVERYONE WANTS SOME SMALL CLASSES, BUT THERE ARE BENEFITS TO LARGER GLASSES. THERE ARE BENEFITS...
01:04:25 Unidentified Speaker I WANTED TO ADD ANOTHER DIMENSION TO THE CONVERSATION, YOU RAISED A GOOD POINT EARLIER ABOUT EDUCATION...
01:04:54 Unidentified Speaker WHICH WE WILL TALK ABOUT LATER.
01:04:56 Unidentified Speaker GOOD. THE COST PROBLEMS THERE ARE ACTUALLY WORSE I THINK, THE TUITIONS ARE LOWER BUT AS PRIVATE EDUCATION...
01:05:29 Unidentified Speaker THERE HAVE BEEN MANY STORIES WHITELY OF STATE LEGISLATURES AND FACING -- LATELY FACING DECLINING TAX...
01:05:42 Unidentified Speaker HERE IS MY PUNCH LINE, TRYING TO YORK IMPORTANT POINT, MANY OF US IN THIS COUNTRY VALUE -- TYING TO...
01:06:28 Unidentified Speaker THAT IS SUPPOSED TO BE FOR THE LESS PRIVILEGED KIDS AS WELL. THE LOWER INCOME FAMILIES ARE SUPPOSED...
01:06:36 Unidentified Speaker IT IS SUPPOSED TO BE FOR EVERYONE.
01:06:39 Unidentified Speaker BUT YOU ARE MORE APT TO BE ABLE TO AFFORD A PUBLIC SCHOOL IF YOU CANNOT AFFORD A PRIVATE SCHOOL, IN...
01:07:06 Unidentified Speaker PUBLIC INSTITUTIONS ARE MUCH MORE DEPENDENT ON STATE LEGISLATURE, THAT IS WHERE A LOT OF THAT MONEY...
01:08:51 Unidentified Speaker WE ARE SEEING THE COALITION OF A SET OF TRENDS. ANY DECLINE OR STAGNATION IN INCOME THAT WE SEE FOR...
01:10:56 Unidentified Speaker LET ME TAKE THAT AND PLAY DEVIL'S ADVOCATE. ALL RIGHT, YOU CAN GO TO GEORGE MASON, GEORGE WASHINGTON,...
01:11:39 Unidentified Speaker JOHN HAS FOUND THIS IN HIS RESEARCH, YES, THERE ARE WAYS -- YOU CALL IT TRADING DOWN. YOU ARE QUALIFIED...
01:13:07 Unidentified Speaker THIS GOES BACK TO SOMETHING YOU MENTIONED THAT THE OUTSET, THEN IT BECOMES BEING ABLE TO GO TO THESE...
01:13:33 Unidentified Speaker IT DEPENDS ON THE COMPANY.
01:13:34 Unidentified Speaker I GUESS. FOR SOMEONE WHO GOES TO COLLEGE WITH ALL OF THE GREATEST IN TINGES OF SAYING I AM GOING TO...
01:13:54 Unidentified Speaker ONE OF THE PROBLEMS -- I HEAR WHAT YOU ARE SAYING, ONE OF THE PROBLEMS UNDERLYING THAT FRAMING IS...
01:14:02 Unidentified Speaker THAT IS ANOTHER [LAUGHTER] ] -- ANOTHER PANEL. [LAUGHTER]
01:14:11 Unidentified Speaker IF YOU DID THESE SAME QUESTIONS NOW YOU WOULD SEE THAT EVERYTHING HAS SHIFTED TO THE LEFT. NON-HISPANIC...
01:14:25 Unidentified Speaker IN OTHER WORDS THE CONCERN IS GREATER?
01:14:28 Unidentified Speaker THERE IS MUCH MORE LEVERAGE IN NOW.
01:14:30 Unidentified Speaker PEOPLE LOSING HOUSES.
01:14:32 Unidentified Speaker WE HAVE ALWAYS SEEN PARENTS AND MINORITIES AHEAD, MORE CONCERNED AND MORE SCARED. THEN THE NEXT SURVEY...
01:14:47 Unidentified Speaker LET ME INVITE THE AUDIENCE TO ASK A QUESTION, I WILL ASK YOU TO IDENTIFY YOURSELF AND MAKE YOUR QUESTION...
01:15:26 Unidentified Speaker MY NAME IS JEREMY CASTLE, GRADUATED WITH A MAJOR IN PSYCHOLOGY. I AM PLANNING TO GO STRAIGHT INTO...
01:15:55 Unidentified Speaker OUR YOU CONCERNED ABOUT THAT?
01:15:56 Unidentified Speaker ABSOLUTELY.
01:15:58 Unidentified Speaker YOU ARE WORRIED THAT IF YOU GO AND START WORKING AND GET A PAYCHECK, TO GO BACK TO GRADUATE SCHOOL...
01:16:06 Unidentified Speaker CORRECT.
01:16:08 Unidentified Speaker ARE YOU IN DEBT RIGHT NOW?
01:16:09 Unidentified Speaker AT THE MOMENT, NO. BUT AS IT COMES, STUDENT LOANS, ETC., WITH GRADUATE SCHOOL. HOW DOES A PANEL LIKE...
01:16:32 Unidentified Speaker A COUPLE OF YEARS IN THE WORK FORCE, YOU MIGHT BE HAPPY TO COME BACK TO SCHOOL. [LAUGHTER] I HAVE NEVER...
01:17:34 Unidentified Speaker I CAN SPEAK TO THIS, I TOOK THREE YEARS OFF. FOR ME, I TOOK THE TIME OFF TO GO AND DO SOMETHING --...
01:18:47 Unidentified Speaker AT THE BEGINNING OF WHAT YOU ARE SAYING, I ACTUALLY DID TAKE A VERY BAD JOB RIGHT OUT OF UNDERGRADUATE....
01:18:57 Unidentified Speaker WHAT WAS IT?
01:19:00 Unidentified Speaker A NEWSPAPER WRITER FOR THIS RELEASE SMALL -- I DO NOT WANT TO MENTION THEM. -- FOR THIS RELEASE SMALL...
01:19:16 Unidentified Speaker THAT SOUNDS LIKE GRADUATE SCHOOL. [LAUGHTER]
01:19:21 Unidentified Speaker COMING OUT OF UNDERGRADUATE NOW, IT IS UNLIKELY YOU WILL GET SOMETHING OTHER THAN AN ENTRY- LEVEL...
01:19:42 Unidentified Speaker THERE IS ANOTHER QUESTION BEHIND YOU?
01:19:50 Unidentified Speaker HELLO, MY QUESTION -- I HAVE TWO QUESTIONS. TO WHAT EXTENT DO THE PANELISTS THINK THAT STUDENT AID...
01:20:21 Unidentified Speaker I THINK WE ARE CERTAIN FROM RESEARCH THAT GRANT AID HAS NOT HAD THAT EFFECT, THAT THERE IS NOT ENOUGH...
01:21:37 Unidentified Speaker THERE WAS A PAPER THAT WAS A GOOD EMPIRICAL ANALYSIS, IT IS CALLED "FOR WHOM THE PELL TOL LS." APPELLATE...
01:22:03 Unidentified Speaker IT FEELS THE OTHER WAY AROUND FROM MY PERSPECTIVE, IT FEELS TO ME THAT IN ORDER TO MAKE IT POSSIBLE...
01:22:58 Unidentified Speaker WE ARE ALMOST OUT OF TIME, NEXT QUESTION. WE WILL GIVE YOU ALL BACK FOR THE NEXT ONE.
01:23:09 Unidentified Speaker MY NAME IS THE LIST PALMEIRO -- STILL LESS -- PHYLLIS GOLER OF -- THERE HAS NOT BEEN A LOT OF TALK,...
01:24:14 Unidentified Speaker I WOULD MEASURE PARTICIPATION BY THE PORTION OF THE AGE GROUP THAT GOES. ONE OF THE REASONS THAT IT...
01:25:24 Unidentified Speaker I WANTED THANK YOU FOR YOUR QUESTION AND THEIR RESPONSE.
01:25:29 Unidentified Speaker I WANTED TO ADD THAT I DO NOT THINK THERE IS ANY DOUBT THAT PEOPLE WANT TO GO TO COLLEGE, THE ONLY...
01:26:03 Unidentified Speaker THE ONE POINT I WOULD ADD TO WHAT WE HAVE BEEN SAYING IS THAT WE ARE TALKING ABOUT THE ORDER IS PROBLEM...
01:26:35 Unidentified Speaker ARE YOU SURE THAT WHEN YOU
01:26:37 Unidentified Speaker YES.
01:26:39 Unidentified Speaker DO YOU KNOW HOW MUCH?
01:26:42 Unidentified Speaker IT DEPENDS, AND IF I GO OUT OF STATE AND I WILL BORROW $30,000 FOR A YEAR. AND YOU WILL HAVE -- ...
01:26:52 Unidentified Speaker YOU WILL GRADUATE WITH $60,000 IN DEBT?
01:26:54 Unidentified Speaker YOU REALLY THINK YOU'LL GET OUT WITH THAT?
01:26:58 Unidentified Speaker I THINK THERE ARE A LOT OF SCHOLARSHIPS OUT THERE, THERE ARE SOME MANY SCHOLARSHIPS FROM COMPANIES,...
01:27:12 Unidentified Speaker ARE YOU NERVOUS? -- YOU CAN FIND SCHOLARSHIPS.
01:27:19 Unidentified Speaker ARE YOU NERVOUS?
01:27:22 Unidentified Speaker IT IS NOT WORTH IT, I REALLY WANT IT. IF YOU WANT IT YOU CAN GET IT. THERE ARE WAYS TO ACCOMMODATE....
01:27:29 Unidentified Speaker MAYBE IT IS THE PARENT IN MAY, BUT YOU SAY A TIMELY BOOK -- ON SOME LEVEL PEOPLE GO OUT AND GET CARS,...
01:28:49 Unidentified Speaker I THINK THAT IS A DANGER, BUT A POINT THAT SEVERAL ANALYSTS HAVE MADE IS IMPORTANT, THERE WILL ALWAYS...
01:29:06 Unidentified Speaker SOME OF THE POLICY CHANGES THAT ARE MADE, YOU THINK A PUBLIC EXPECTATION IS SET?
01:29:13 Unidentified Speaker THE DISPARITY IS TOO GREAT FOR THEM TO BECOME A PROBLEM. IT IS OUT OF REACH FOR MOST INSTITUTIONS...
01:29:30 Unidentified Speaker HOW DO YOU FEEL ABOUT DISCUSSIONS -- HOW DO YOU FEEL ABOUT DEBATE ON CAPITOL HILL THAT SAYS SCHOOLS,...
01:29:59 Unidentified Speaker AND LARGE PERCENTAGE ARE RESTRICTED -- A LARGE PERCENTAGE OF THEM ARE RESTRICTED. YOU CANNOT SPEND...
01:31:27 Unidentified Speaker YOU DO NOT SUPPORT --
01:31:32 Unidentified Speaker MAYBE IT HAS BEEN DEFUSED BY THE WEALTHIEST INSTITUTIONS, OR HAS IT BECOME A COINCIDENCE THAT THIS...
01:31:46 Unidentified Speaker SOMEWHAT TO THANK THE MEMBERS OF THIS PANEL WHO WILL BE LEAVING US, OUR N STUDENTS OUR NAT, WE WILL...
01:32:18 Unidentified Speaker MAGALIE.
01:32:19 Unidentified Speaker WHERE DO YOU GO TO SCHOOL?
01:32:23 Unidentified Speaker GW?
01:32:24 Unidentified Speaker DO YOU BORROW MONEY?
01:32:25 Unidentified Speaker HOW MUCH?
01:32:29 Unidentified Speaker $10,000 PER YEAR.
01:32:30 Unidentified Speaker WHAT ARE YOU STUDYING?
01:32:32 Unidentified Speaker ENGLISH AND HISTORY.
01:32:35 Unidentified Speaker DO YOU HAVE A FINANCIAL AID PACKAGE?
01:32:39 Unidentified Speaker I AM ON THE PRESIDENTIAL SCHOLARSHIP, IT IS A HALF TUITION SCHOLARSHIP ALSO FROM THE OFFICE OF FINANCIAL...
01:32:49 Unidentified Speaker HEARING THIS DISCUSSION, WHAT STRIKES YOU? DOES ANYTHING CONCERN YOU? ANYTHING CHANGE YOUR MIND?
01:33:00 Unidentified Speaker WHAT THEY WERE SAYING ABOUT HOW IMPORTANT COLLEGE IS, WE HAVE TO TAKE THIS TRADE-OFF AND CONSIDER...
01:33:20 Unidentified Speaker , ACHHAL YOU HAVE A THE END?
01:33:23 Unidentified Speaker AROUND 30,000 -- HOW MUCH WILL YOU HAVE IN THE END?
01:33:26 Unidentified Speaker AROUND $30,000.
01:33:30 Unidentified Speaker DO YOU THINK THAT WILL BE A BURDEN?
01:33:32 Unidentified Speaker PROBABLY BECAUSE OF THE TYPE OF JOB THAT I WOULD PREFER TO GO INTO, ACADEMIA. SOMETHING GOVERNMENT,...
01:33:46 Unidentified Speaker WHEN YOU WERE LOOKING AROUND AND CONSIDERING WHERE YOU WOULD GO TO SCHOOL, DID THE FINANCIAL PART...
01:33:57 Unidentified Speaker I FEEL LIKE WITH GRAD SCHOOL THAT WILL DEFINITELY BE THE NUMBER-ONE PRIORITY, BUT I CHOSE GW BECAUSE...
01:34:20 Unidentified Speaker WE WERE TALKING ABOUT QUALITY, HOW MANY SCHOOLS THAT
01:34:25 Unidentified Speaker 6.
01:34:29 Unidentified Speaker WHEN YOU APPLIED, WOULD YOU THINKING ABOUT IN WAY OF QUALITY?
01:34:33 Unidentified Speaker I WAS LOOKING AT THE RANKING SYSTEM A LOT. EVEN JUST TO COMPARE WITH MY FRIENDS, LIKE MINE IS HIGHER...
01:34:52 Unidentified Speaker DO I HAVE OTHER STUDENTS? AND STUDENTS OVER HERE? NO? -- ANY STUDENTS OVER HERE? NO? ARE YOU LISTED?...
01:35:10 Unidentified Speaker AMANDA.
01:35:12 Unidentified Speaker WHERE DO YOU GO TO SCHOOL?
01:35:13 Unidentified Speaker HERE, GW.
01:35:17 Unidentified Speaker HAVE YOU NAVIGATE THE SITUATION?
01:35:20 Unidentified Speaker I AM ON FINANCIAL AID, THE REASON I CAME HERE IS BECAUSE THIS IS THE SCHOOL I GOT THE MOST FINANCIAL...
01:35:45 Unidentified Speaker ARE YOU CARRYING LOANS IN THAT MIX?
01:35:48 Unidentified Speaker VERY LITTLE, I HAVE ABOUT $2,000.
01:35:51 Unidentified Speaker SO THIS WAS A FINANCIAL AID PACKAGE THAT GOT YOU HERE. WHEN YOU LISTEN TO THIS CONVERSATION AND I...
01:36:10 Unidentified Speaker I LOVE IT HERE, IN A BIG FAN. IF I WERE PAYING THE BIG -- THE FULL PRICE, I DO NOT KNOW IF I WOULD...
01:36:29 Unidentified Speaker OF COURSE YOU ARE NOT, SO THAT IS NOT A DECISION. THANK YOU VERY MUCH. I AM GOING BACK UP TO OUR PANEL....
01:36:56 Unidentified Speaker MY NAME IS BOBBY ALLEN, I AM FROM PENNSYLVANIA, BOOKS BAR, AND I GO TO -- WILKES-BARRE, AND I GO TO...
01:37:07 Unidentified Speaker FINANCIAL AID?
01:37:09 Unidentified Speaker I FINANCED BY EDUCATION OF MY OWN, I HAVE ABOUT $20,000 PER YEAR THAT I'M TAKING OUT, I WILL BE $80,000...
01:37:20 Unidentified Speaker JAMES BOYLE JOINS US FROM COLLEGE PARENTS OF AMERICA, THERE IS A CONSTITUENCY BE HAVE NOT HEARD FROM...
01:37:28 Unidentified Speaker WE ARE A 4-YEAR-OLD ORGANIZATION OF CURRENT COLLEGE PARENTS, THE ADMISSION TO EMPOWER PARENTS, WITH...
01:37:47 Unidentified Speaker WE ARE VERY INTERESTED INTO BROADENING THIS CONVERSATION TO THE PUBLIC SECTOR. THANK YOU FOR COMING,...
01:38:00 Unidentified Speaker I HAD TWO CAREERS, I STARTED AS A PROFESSOR OF MATHEMATICS IN 1964. THEN I WENT OFF TO THE MIDWEST...
01:38:21 Unidentified Speaker WHAT IS HAPPENING WITH THE FINANCIAL PRESSURE AS A RESULT OF THIS CREDIT CRUNCH? THIS APPARENT ECONOMIC...
01:38:31 Unidentified Speaker WE HAVE BEEN ON A ROLLER COASTER, JUST WHEN I WAS COMING BACK THE ECONOMY IN MARYLAND AND ACROSS THE...
01:38:38 Unidentified Speaker NICE TIMING. [LAUGHTER]
01:38:43 Unidentified Speaker YES, WE HAD A HUGE CUT TO OUR BUDGET.
01:38:49 Unidentified Speaker YOUR BUDGET WAS CUT 15%? IN ONE YEAR?
01:38:51 Unidentified Speaker YES, IN ONE YEAR. BUT OVER THE LAST THREE OR FOUR YEARS WE HAVE VERY SIGNIFICANT REBOUND -- WE HAD...
01:39:17 Unidentified Speaker BRAD IS STILL WITH US, AND TELL US WHERE YOU ARE?
01:39:20 Unidentified Speaker -- WHO YOU ARE AND WHERE YOU ARE FROM?
01:39:26 Unidentified Speaker WILL, I AM A STUDENT PFFT FROM CONNECTICUT.
01:39:29 Unidentified Speaker WHAT DO STUDY -- I AM A STUDENT FROM CONNECTICUT?
01:39:33 Unidentified Speaker BUT THE STUDY?
01:39:34 Unidentified Speaker HISTORY.
01:39:36 Unidentified Speaker YES. AMERICAN HAS CUT MY TUITION IN HALF BUT I WILL GRADUATE WITH $50,000 SET-$60,000 IN DEBT. --...
01:40:01 Unidentified Speaker ANYTHING IN MIND AS TERMS OF A MONTHLY PAYMENT?
01:40:04 Unidentified Speaker I AM " TO TEACH FOR THE PEACE CORPS, -- I AM HOPING TO TEACH FOR THE PEACE CORPS, AND THEY GIVE YOU...
01:40:19 Unidentified Speaker MARY ANN MULLIN, I AM FROM ROCKVILLE, MARYLAND. I AM AT MONTGOMERY COLLEGE.
01:40:27 Unidentified Speaker COMMUNITY COLLEGES ARE NOT PART OF OUR SYSTEM BUT WE HAVE A GREAT PARTNERSHIP, WE TALK ABOUT THAT...
01:40:34 Unidentified Speaker TELL US ABOUT MONTGOMERY COLLEGE.
01:40:37 Unidentified Speaker WHAT I'M DOING OR ABOUT THE SCHOOL?
01:40:38 Unidentified Speaker BOTH. LITTLE OF BOTH.
01:40:41 Unidentified Speaker THE SCHOOL IS DRIVING, MY CAMPUS -- THRIVING, MY CAMPUS AS 16,000 PEOPLE AND WE WERE MADE FOR 8000,...
01:40:55 Unidentified Speaker WHAT ARE YOU STUDYING?
01:40:57 Unidentified Speaker IN A BUSINESS MAJOR.
01:40:59 Unidentified Speaker WHAT DO YOU WANT TO DO?
01:41:00 Unidentified Speaker I AM TRYING TO FIND MY NICHE, BUT HOPEFULLY I WILL END UP IN MARKETING OR EVENTS MANAGEMENT.
01:41:08 Unidentified Speaker AND MUCH IS THIS COSTING YOU?
01:41:12 Unidentified Speaker I AM NOT A FULL-TIME STUDENT, BUT IT IS $120 PER CREDIT, I AM TALKING ABOUT UNDER WHAT THOUSAND DOLLARS....
01:41:19 Unidentified Speaker SO IT IS A DIFFERENT DISCUSSION.
01:41:21 Unidentified Speaker VERY DIFFERENT.
01:41:25 Unidentified Speaker HAVE YOU RESPOND TO THOSE $50,000 PER YEAR TUITIONS?
01:41:29 Unidentified Speaker GOOD NIGHT, HOW COULD YOU THINK ABOUT SPENDING THAT MUCH MONEY? I KNOW IT IS AN INVESTMENT IN YOUR...
01:41:56 Unidentified Speaker TO DO NOT APPLY TO A SCHOOL WITH A PRICE TAG LIKE THAT BECAUSE OF FINANCES?
01:42:01 Unidentified Speaker OF COURSE THERE ARE OTHER CONSIDERATIONS, YOU HAVE THAT AVERAGING, BUT IF I COULD FIND A COMPARABLE...
01:42:20 Unidentified Speaker IN OTHER WORDS, YOU DID NOT APPLY TO MORE EXPENSIVE SCHOOLS SPECIFICALLY BECAUSE THEY WERE MORE EXPENSIVE?...
01:42:25 Unidentified Speaker EXACTLY. IF YOU AVERAGE THAT, YES. IT IS AN AVERAGE OF HOW GOOD ONE SCHOOL IS AND HOW MUCH IT COSTS,...
01:42:53 Unidentified Speaker THREE VERY INTERESTING APPROACH -- PROFILES.
01:43:00 Unidentified Speaker IT REFLECTS THE DIVERSITY IN OPTIONS FOR STUDENTS. ONE OF THE THINGS ABOUT MONTGOMERY COLLEGE, AND...
01:43:38 Unidentified Speaker THEY ARE IN?
01:43:39 Unidentified Speaker THEY ARE IN. FOR A LOT OF STUDENTS, THE OPPORTUNITY TO START AT COMMUNITY COLLEGE, LIVE AT HOME,...
01:44:03 Unidentified Speaker I WANT TO TALK ABOUT WHAT YOUR EXPERIENCE HAS BEEN WITH COST PRESSURE AND HOW YOU HAVE RESPONDED,...
01:45:01 Unidentified Speaker FOUR YEARS.
01:45:04 Unidentified Speaker SO YOU ARE NEW.
01:45:09 Unidentified Speaker YES, I THINK PARENTS AND -- PARENTS ARE CONFUSING AND OVERWHELMED. -- CONFUSED AND OVERWHELMED. YOU...
01:46:05 Unidentified Speaker GIVE ME AN EXAMPLE FOR SOMEONE WHO HAS NOT BEEN THROUGH THIS?
01:46:10 Unidentified Speaker WE WERE TALKING ABOUT THE HARVARD AND STANFORD AND MOUNTAINS, PLAYING OFF OF THAT, -- ANNOUNCEMENTS,...
01:47:43 Unidentified Speaker THE CONFUSION AND THE DEBT IS WHAT YOU ARE HEARING IT THE MOST? WHAT IS THEIR PERCEPTION ABOUT THE...
01:47:55 Unidentified Speaker I HEAR FROM MANY PEOPLE WHO ARE IN BUSINESS FOR A LIVING. WHILE I APPRECIATED THE DISCUSSION EARLIER...
01:48:30 Unidentified Speaker THE PERCEPTION FROM PARENTS IS THAT THESE GIANT PRICETAGS ARE JUST OBLIVIOUS TO THE MARKET OUT THERE...
01:48:46 Unidentified Speaker YES.
01:48:52 Unidentified Speaker BACK TO OUR CHANCELLOR HERE, YOU ARE WORKING WITH YOUR LEGISLATURE ON 14 CAMPUSES, WHAT IS YOUR EXPERIENCE?...
01:49:03 Unidentified Speaker WE HAD AN ENORMOUS CUT OUR BUDGET IN 2002, BIG INCREASES IN TUITION. OUR BOARD LOOKED AT THIS SITUATION...
01:49:21 Unidentified Speaker SO YOU LOOK AT THE COSTS?
01:49:25 Unidentified Speaker EXCUSE ME, THE EXPENSE SIDE OF THE EQUATION. WHAT COULD BE DUE IN PARTNERSHIP WITH THE STATE TO TAKE...
01:50:51 Unidentified Speaker YOU ARE NOT DOING THAT BEFORE? EACH SCHOOL WAS DOING SOMETHING?
01:50:56 Unidentified Speaker EXACTLY. PEOPLE IN HIGHER EDUCATION WHO SAY THAT COSTS CANNOT BE CONTROLLED, THERE ARE LOTS OF THINGS...
01:51:32 Unidentified Speaker WHAT DOES THAT MEAN?
01:51:35 Unidentified Speaker OVER THE SYSTEM, FACULTY CONTACT HOURS ROSE ACROSS THE SYSTEM BY 10% DEMOCRATS THEY HAVE TO SPEND...
01:51:48 Unidentified Speaker WE CUT CLASS SIZE, THERE IS A SAVINGS BECAUSE IT MAKES THE INSTITUTION LESS DEPENDENT ON ADJUNCT....
01:51:55 Unidentified Speaker HOW ABOUT TECHNOLOGY?
01:51:58 Unidentified Speaker WE HAVE CERTAINLY BROUGHT TECHNOLOGY INTO THE CLASSROOM, PARTICULARLY IN THE LOWER DIVISION COURSES....
01:52:09 Unidentified Speaker WHAT STEPHEN SAID EARLIER WAS THAT TECHNOLOGY ADDS COSTS, IT DOES NOT SAVE COSTS?
01:52:17 Unidentified Speaker DO YOU FIND TDO YOU FIND THAT?
01:52:20 Unidentified Speaker WHAT WE NEED TO DO IN HIGHER EDUCATION IS FIND NEW AND CREATIVE WAYS TO DELIVER EDUCATION USING TECHNOLOGY...
01:52:32 Unidentified Speaker ONE LAST QUESTION, THEN WE WILL OPEN THIS UP. THE EXPERIENCE ACROSS THE COUNTRY WITH STATE LEGISLATURE...
01:52:45 Unidentified Speaker HERE IS WHAT HAS HAPPENED, I THINK WE ARE ON THE VERGE OF A HUGE CRISIS. IT IS BECAUSE OF ACCESS TO...
01:55:35 Unidentified Speaker AS YOU BOIL THAT DOWN, THE AMERICAN DREAM AND CAPABILITY TO PRODUCE FOR ITSELF ARE ALL IN DANGER. ...
01:55:49 Unidentified Speaker ABSOLUTELY.
01:55:53 Unidentified Speaker ON THE VERGE OF A CRISIS, DO YOU AGREE?
01:55:56 Unidentified Speaker IT IS CONFIRMED, AFTER 15 YEARS IN WHICH PARTS OF IT -- PARTICIPATION IN HIGHER EDUCATION HAS BEEN...
01:56:44 Unidentified Speaker I ALWAYS FIND MYSELF AS THE MOST PESSIMISTIC PERSON ON EVERY CHANNEL, AND IN THIS CASE NOT QUITE THERE....
01:56:53 Unidentified Speaker NOT THAT PESSIMISTIC?
01:56:57 Unidentified Speaker FIRST OF ALL, THE LAST POINT YOU STOP ON -- ALL OF YOUR POINTS ARE WELL TAKEN, THE LAST POINT ABOUT...
01:59:26 Unidentified Speaker NOW YOU TELL ME THAT DOESN'T IMPLY A HUGE SOCIAL PROBLEM AND WORKFORCE ISSUE IN OUR COUNTRY.
01:59:35 Unidentified Speaker FOR A GUY'S WHO'S OVERSEAING THE STATE SYSTEM WHO'S IN THE LEGISLATURE, FROM YOUR PERSPECTIVE, WHAT...
01:59:44 Unidentified Speaker THIS REALLY GETS TO THE CRUX OF THE MATTER WITH PUBLIC HIGHER EDUCATION. BASICALLY THE COST OF EDUCATION...
02:00:00 Unidentified Speaker IF YOU GO BACK THREE OR FOUR DECADES, THE STATE WAS PAYING ABOUT 70% OF THAT COST. TODAY IT'S ABOUT...
02:00:27 Unidentified Speaker THE LOWEST INVESTMENT PER STUDENT --
02:00:31 Unidentified Speaker PER HIGHER EDUCATION ADJUSTED PER INFLATION.
02:00:36 Unidentified Speaker WHAT'S HAPPENED IN
02:00:38 Unidentified Speaker FIRST OF ALL, THERE'S AN AVERSION FOR TAXES AS WE ALL ARE AWARE, BUT THERE ARE INCREDIBLE COMPETING...
02:01:06 Unidentified Speaker YOU'RE GETTING CROWDED OUT?
02:01:08 Unidentified Speaker YOU'RE GETTING CROWDED OUT .
02:01:14 Unidentified Speaker THEY'RE ALL MANDATORY COSTS.
02:01:17 Unidentified Speaker THAT'S TRUE THAT IT DIDN'T JUST THE CROWDING, IT'S OTHER AREAS HAVE SPECIAL PROTECTION.
02:01:25 Unidentified Speaker IN K THROUGH 12 EDUCATION.
02:01:27 Unidentified Speaker MANY, MANY STATES K THROUGH 12. THAT'S POLITICAL AND CONSTITUTIONAL AS WELL. LAST YEAR, IT WENT UP...
02:02:36 Unidentified Speaker MARY ANNE AS A STUDENT, DO YOU HEAR TALK ABOUT THE BUDGET'S BEEN CUT OR WE CAN'T DO THIS AGAIN?
02:02:42 Unidentified Speaker ABSOLUTELY. IT'S A BIG CONCERN. FLR WHAT WAY? CAN YOU GIVE US A REAL EXAMPLE?
02:02:48 Unidentified Speaker WELL, FOR INSTANCE, I'M ON STUDENT GOVERNMENT, SO IT'S A LARGE PART OF OUR CONCERN IS SERVING OUR...
02:03:21 Unidentified Speaker WHEN YOU GO TO LEGISLATURE AND SAY -- HEY, NEED MORE MONEY?
02:03:26 Unidentified Speaker I MEAN YOU'VE DONE A TRADE OFF.
02:03:29 Unidentified Speaker WE HAVE. JUST I WOULD LIKE TO DESCRIBE IT VERY BRIEFLY. AT LEAST FOR THE LAST SEVERAL YEAR, WE'VE...
02:05:46 Unidentified Speaker ARE PARENTS LOBBYISTS? DOES YOUR ORGANIZATION LOBBY STATE LEGGED CHURES? WHAT DO YOU CALL FOR? WHAT'S...
02:05:54 Unidentified Speaker RIGHT. WE'RE HERE IN WASHINGTON. AND I'VE TESTIFIED TWICE BEFORE CONGRESS. I TESTIFIED BEFORE THE...
02:06:29 Unidentified Speaker WHAT ARE THEY LOBBYING FOR?
02:06:31 Unidentified Speaker GREATER STATE SUPPORT. I THINK MARYLAND IS A TREMENDOUS SUCCESS STORY, THAT IF OTHER STATES EMU LATE...
02:07:17 Unidentified Speaker LET ME SHOW YOU A SLIDE. THIS IS SORT OF PUBLIC OPINION. 52% OF AMERICANS SAY COLLEGES MAINLY CARE...
02:07:44 Unidentified Speaker I'M SURE.
02:07:47 Unidentified Speaker ARE YOU LOSING THE PUBLIC? THESE ARE VERY CONCERNING PUBLIC OPINIONS.
02:07:51 Unidentified Speaker I DON'T WANT TO OVERSELL WHAT WE'VE DONE IN MARYLAND BECAUSE I'M SURE THERE ARE A LOT OF PEOPLE IN...
02:08:00 Unidentified Speaker DO YOU HEAR THIS KIND OF ATTITUDE?
02:08:04 Unidentified Speaker WELL, BEFORE WE STARTED THIS EFFORT, IN PART, IT WAS BECAUSE WE HEARD SO MUCH ABOUT THE INEFFICIENCY...
02:08:40 Unidentified Speaker DO THE PARENTS THINK THIS IS A BROKEN SYSTEM?
02:08:44 Unidentified Speaker THEY DO. BUT EXPLAINING HELP AS LOT. IT TAKES A WHILE FOR THESE THINGS TO SINK IN. COMMUNE CATHECATION...
02:09:18 Unidentified Speaker THIS IS SUCH AN IMPORTANT POINT. IMAGINE THAT IN A SCHOOL IN WASHINGTON, D.C. OR BALTIMORE OR WHEREVER...
02:09:38 Unidentified Speaker 488.
02:09:40 Unidentified Speaker AND THE ARTICLE WE REFERRED TO THE "NEW YORK TIMES" WITH THE BROOKINGS STUDY POINTED OUT AT THE END...
02:09:55 Unidentified Speaker WHERE DID YOU GO TO HIGH SCHOOL?
02:09:59 Unidentified Speaker IN PENNSYLVANIA.
02:10:00 Unidentified Speaker IN PENNSYLVANIA. DID YOU HAVE A GUIDANCE COUNSELOR?
02:10:07 Unidentified Speaker I JUST HAD ONE.
02:10:09 Unidentified Speaker FOR THE CLASS? DID YOU EXPERIENCE THIS ISSUE A LITTLE BIT?
02:10:15 Unidentified Speaker THERE'S FOUR OR FIVE GUIDANCE COUNSELORS IN A CLASS
02:10:18 Unidentified Speaker OK. AND HOW MUCH INFORMATION DID THEY HAVE ABOUT FINANCIAL AID, ABOUT DIFFERENT COLLEGES? DID YOU...
02:10:30 Unidentified Speaker NOT SO MUCH. BOTH OF THE PEOPLE THAT RAISED ME AREN'T COLLEGE EDUCATE. I HAD TO DO MY OWN INDEPENDENT...
02:10:47 Unidentified Speaker SO YOU'RE A FIRST-GENERATION COLLEGE SNUENT YOUR FAMILY. HOW DID YOU GET THE INFORMATION THAT YOU...
02:11:00 Unidentified Speaker I JUST DID WHAT EVER OTHER HIGH SCHOOL KID DID. I WENT TO THE PRINCETON REVIEW, AND THE COLLEGE BOARD....
02:11:25 Unidentified Speaker YOUR GUARDIANSES DIDN'T KNOW HOW TO DO THAT?
02:11:28 Unidentified Speaker NO BECAUSE I FILED COMPLETELY INDEPENDENTLY.
02:11:31 Unidentified Speaker I GOT MAXED OUT IN ALL OF THE STATE GRANTS AND THE GRANTS FROM THE SCHOOL, BUT STILL WAS NOT -- WHEN...
02:11:46 Unidentified Speaker WHO TOLD YOU THAT?
02:11:48 Unidentified Speaker THE PERSON NOT IN MY HIGH SCHOOL, BUT THE PERSON I SAW OUTSIDE OF HIGH SCHOOL.
02:11:52 Unidentified Speaker SO YOU WERE STEERED TO A COMMUNITY COLLEGE BECAUSE PEOPLE DIDN'T THINK YOU WOULD GET THE MONEY YOU...
02:12:02 Unidentified Speaker SHE TOLD ME, IT WAS BE A RASH DECISION FOR ME TO TRY FOR THAT.
02:12:06 Unidentified Speaker SHE TOLD YOU IT WOULD BE A RASH DECISION IN
02:12:10 Unidentified Speaker I P WHAT DID YOU SAY THAT?
02:12:14 Unidentified Speaker SHE SAID NOT TO DISPARAGE COMMUNITY COLLEGE, BUT A LOT OF KIDS DIDN'T TAKE ACADEMICS AS I DID, BUT...
02:12:36 Unidentified Speaker AND WHAT HAPPENED WITH THAT?
02:12:43 Unidentified Speaker I JUST WENT TO A VERY EXPENSIVE COLLEGE. I'M TAKING OUT ABOUT $2K0 -- $20,000.
02:12:54 Unidentified Speaker YOU WILL HAVE AN UNDERGRADUATE DEGREE WITH $80,000 IN DEBT.
02:13:01 Unidentified Speaker I I THINK THAT'S A VERY INSPIRATIONAL STORY.
02:13:03 Unidentified Speaker THAT'S NOT DAUNTING YOU, BECAUSE YOU'RE DOING IT ANYWAY.
02:13:07 Unidentified Speaker JUST BECAUSE, -- NOBODY -- THE ONLY PERSON WHO STEERED ME AWAY IS THE GUIDANCE COUNSELOR. MY GUARDIANS'...
02:13:24 Unidentified Speaker HOW WILL YOU PAY FOR THAT?
02:13:25 Unidentified Speaker ESPECIALLY BECAUSE I WANT TO BE A JOURNALIST.
02:13:30 Unidentified Speaker WE'LL TALK LATER, OK?
02:13:31 Unidentified Speaker I'M JUST HOPING I --
02:13:33 Unidentified Speaker I HEARD THAT.
02:13:35 Unidentified Speaker I'VE TALKED TO RECENT GRADUATES AND THEY ALL TELL ME THAT BECAUSE OF FINANCIAL SITUATIONS IT'S POSSIBLE...
02:13:52 Unidentified Speaker IS THAT TRUE? IS THAT TRUE IN ARE PARENTS, DO WE KNOW?
02:13:58 Unidentified Speaker THAT'S NOT A GOOD STRATEGY.
02:14:00 Unidentified Speaker YOUR CREDIT RAIDTH RATING WILL NOT LIKE THAT VERY MUCH.
02:14:04 Unidentified Speaker YOU'RE GOING TO GRADUATE WITH $80,000 IN DEBT. HAVE YOU STOPPED ABOUT WHAT YOU VO TO PAY A MONTH?...
02:14:14 Unidentified Speaker SOMETIMES IT'S SCARY. I WON'T HAVE TIME TO LOOK AT MY FUTURE BECAUSE I HAVE SO MUCH RIGHT NOW.
02:14:28 Unidentified Speaker ARE YOU USING THE MONEY FOR SCHOOL OR LIVING SPENCES?
02:14:34 Unidentified Speaker I TOOK OUT A GRANT FOR MONTHLY RENT. BECAUSE IT'S CHEAPER.
02:14:39 Unidentified Speaker HOW COME THERE'S A STORY LIKE THIS.
02:14:42 Unidentified Speaker IT'S THE HIGH END, BUT IT'S WHERE THE TRENDLINE IS GOING. ALMOST 2/3 OF PEOPLE GRADUATING FROM PUBLIC...
02:16:00 Unidentified Speaker DID YOU TALK TO A LOT OF PEOPLE THERE?
02:16:07 Unidentified Speaker I HAD A GROUP OF FRIENDS WHO GOT THEIR APPLICATION BACK. THEY JUST COULDN'T GO. I HAVE A LOT OF FRIENDS...
02:16:23 Unidentified Speaker THEY ENDED UP GOING TO COMMUNITY COLLEGE. AND SOME DID NOT GO TO COLLEGE.
02:16:28 Unidentified Speaker SOME DID NOT GO TO COLLEGE BECAUSE OF THAT.
02:16:30 Unidentified Speaker WHAT HAPPENS IN A LOT OF CASES, MAYBE YOU CAN CONFIRM THIS, IS THAT STUDENT LICENSE BORROW A LOT OF...
02:16:59 Unidentified Speaker MANY OFTEN IN THESE TOUGH ECONOMIC TIMES WHEN UNEMPLOYMENT IS HIGH WHEN EVEN PART-TIME JOBS ARE HARD...
02:17:58 Unidentified Speaker MARY ANNE I SAW YOU SHAKING YOUR HEAD IS THAT RESONATING WITH YOU IN
02:18:02 Unidentified Speaker YEAH, I JUST THINK IT'S BECOMING MORE AND MORE OF A TREND. ORYOU KNOW THIS WILL BASED ON THINGS THAT...
02:18:09 Unidentified Speaker YEAH. IT'S SOMETHING WE'RE ALL GOING THROUGH, BEING ONE THAT IS ENTERING INTO COLLEGE. YOU KNOW,...
02:18:47 Unidentified Speaker LET'S GO NOW -- GO AHEAD.
02:18:49 Unidentified Speaker PARENTS HAVE TO LOOK THEMSELVESS IN THE MIRROR WHEN A SITUATION LIKE THIS WAS DESCRIBED, THAT THERE...
02:19:22 Unidentified Speaker I JUST WANT TO SAY A WORD ABOUT PUBLIC POLICY AND MAYBE WE'LL CIRCLE --
02:19:27 Unidentified Speaker I WAS GOING --
02:19:30 Unidentified Speaker YEAH, I HAD A FEELING YOU WERE.
02:19:39 Unidentified Speaker DOWN, WE'RE COMING OUT OF A SITUATION OVER THE LAST EIGHT YEARS AT THE FEDERAL LEVEL, WHERE WE HAD...
02:22:10 Unidentified Speaker PUBLIC POLICY OPTIONS?
02:22:12 Unidentified Speaker WELL, I THINK -- WHILE I WOULD NOT ARGUE THAT IT COULD BE FOLLOWED FORMULAICALLY, BRIT HAS GIVEN US...
02:23:06 Unidentified Speaker WHAT ABOUT PELL GRANTS AND FEDERAL AID AND DIFFERENT LOANS THAT NEED TO BE REINFORCED?
02:23:15 Unidentified Speaker PELL GRANTS IS GETTING A BIG INCREASE. THE BIGGEST IN QUITE SOME TIME. I THINK WE -- ESPECIALLY THE...
02:24:15 Unidentified Speaker WHAT SHOULD THEY BE DOING?
02:24:18 Unidentified Speaker YOU THINK THEY SHOULD ALL BE DOING WHAT BRIT DID.
02:24:21 Unidentified Speaker HOW MUCH DID THAT TAKE?
02:24:24 Unidentified Speaker WE ABSORBED SOMEWHERE BETWEEN 15 AND 20% OF THE INCREASE COST EACH YEAR.
02:24:31 Unidentified Speaker THAT'S A VERY DIFFERENT SIRCHI SITUATION THAN SAYING, YOU CUT OUR BUDGET, WE'LL CUT ENROLLMENTS. ...
02:25:37 Unidentified Speaker PAT WAS TALKING ABOUT THE INSTITUTION'S RESPONSIBILITY WITH FINANCIAL AID, AND HOW, IN MY OPINION,...
02:26:07 Unidentified Speaker WHAT DID YOU SEE?
02:26:09 Unidentified Speaker WE SAW THAT THE LOWEST INCOME STUDENTS WERE GRADUATING WITH 25% MORE DEBT THAN THE AVERAGE COLLEGE...
02:26:33 Unidentified Speaker THAT'S TRUE FOR A FOOTBALL PLAYER.
02:26:37 Unidentified Speaker AND TO LOOK GOOD ON THE S.A.T. SO HERE'S WHAT WE DID. WE INSTITUTED A NEW POLICY IN THE UNIVERSITY...
02:26:57 Unidentified Speaker YOU'RE SKEWING --
02:27:00 Unidentified Speaker WE'RE NOT GETTING RID OF MERIT AID, BUT WE ARE REBA LANCING THE OVER ALL AID SO THAT THERE'S BEEN...
02:27:14 Unidentified Speaker WHAT YOU ARE SAYING IF YOU'RE TO LEAD BY EXAMPLES IS THAT OTHER COLLEGES AND UNIVERSITIES SHOULD TAKE...
02:27:22 Unidentified Speaker EXACTLY
02:27:25 Unidentified Speaker AND THAT MARYLAND IS TAKING AWAY THE AID FROM THOSE WHO NEED THE AID?
02:27:32 Unidentified Speaker YOU KNOW, IT -- THAT'S A DILEMMA IN THEIR ARGUMENT THAT WE HAVE.
02:27:37 Unidentified Speaker THAT'S A SCORE ITEM FOR U.S. NEWS AND OTHER, RIGHT?
02:27:40 Unidentified Speaker A SCORE. YOU NORE, THE BOARD, AND I AND THE PRESIDENTS HAVE COME TO TERMS THAT THIS IS A RIGHT THING...
02:27:50 Unidentified Speaker WE'D ALL LIKE TO SEE MORE PELL GRANT MONEY FOR THE POOREST KIDS COMING FROM THE GOVERNMENT. BUT WHAT...
02:28:13 Unidentified Speaker BECAUSE YOU'RE TAKING YOUR OWN MERIT AID AND GIVING IT TO A FUBEA PLAYERS -- WITHOUT PICKING ON TUBEA...
02:28:28 Unidentified Speaker I I'VE GOT MERIT AID. IT'S NOT INTRINSICALLY A BAD THING. ONE OF THE THINGS THAT I BROUGHT UP EARLIER...
02:28:55 Unidentified Speaker BUT YOU GOT THE MERIT AID FOR WHAT THE
02:29:03 Unidentified Speaker FOR GRADES, FOR GRADES. BUT BECAUSE I -- I DON'T KNOW I DON'T WANT TO SOUND SELF-RIGHTEOUS. BUT BECAUSE...
02:29:24 Unidentified Speaker DON'T WANT TO SAY THAT MERIT AID -- THERE SHOULDN'T BE ANY MERIT AID. I BELIEVE IN REWARDING MERIT....
02:29:52 Unidentified Speaker RIGHT. AND SO SCHOOLS SET UP THESE MATRIXES WHERE THEY HAVE RANKED STUNALTS FROM ONE TO FIVE ON THE...
02:30:11 Unidentified Speaker IN TERMS OF MERIT ATE, IT'S KIND OF AN EXAMPLE OF BAIT AND SWIFF. I KNOW A LOT OF STUDENTS WHO WENT...
02:30:32 Unidentified Speaker THAT'S DEFINITELY TRUE. I KNOW A STUDENT THAT HIS MERIT AID IS GETTING LESS ANDLESS OF
02:30:41 Unidentified Speaker ONE --
02:30:43 Unidentified Speaker THE PRICING SCHEME FOR HIGHER EDUCATION IS JUST ALL SCREWED UP. TO USE A TECHNICAL TERM. THE LITERATURE...
02:31:00 Unidentified Speaker SOME PEOPLE DO.
02:31:04 Unidentified Speaker WELL, THE REASON THEY SAY THAT IS BECAUSE BECAUSE THEY'RE NOT PAYING FOR THE BENEFITS OF THE ENDOWMENTS....
02:31:48 Unidentified Speaker THE SPELLINGS COMMISSION JUSTIFYABLY CALL IT "DYSFUNCTION NAL." THAT IS IT'S LAYERED ON GOOD INTENTIONS....
02:33:31 Unidentified Speaker I WANT TO ASK EVERYBODY TO WRAP IT UP.
02:33:36 Unidentified Speaker THERE'S SOMETHING INTERESTING -- THE SYSTEM THERE,'S SOMETHING WRONG FROM IT. THERE'S AN EXCHANGE...
02:34:05 Unidentified Speaker IT'S A DIFFERENT SOCIAL COMPACT THING
02:34:11 Unidentified Speaker PARTIALLY. HERE IT'S ALMOST ENTIRELY STUDENT BASED. WE'RE PROPPING UP THE STUDENTS SO THEY CAN MEET...
02:34:23 Unidentified Speaker IF YOU WANT SOMEONE TO LOOK LIKE A MARTIAN, TELL THEM HOW MUCH YOU PAY FOR SCHOOL.
02:34:30 Unidentified Speaker THERE IS CERTAINLY A DISCONNECT. WE SHOULD BE LOOKING OUTSIDE THE COUNTRY TO FIX PROBLEM.
02:34:38 Unidentified Speaker LET ME ASK EVERYBODY TO -- I'M GOING TO START WITH JIM AND WORK OUR WAY AROUND HERE. AND LEAVE OUR...
02:35:28 Unidentified Speaker WELL, I THINK THE WORD "PARLTNERSHIP" HAS BEEN USED. AND I THINK IT IS IMPORTANT TO RE-ESTABLISH THIS...
02:36:29 Unidentified Speaker THE CONCENTRATION OF INCOME AND WEALTH IN THE COUNTRY HAS REACHED LEVELS NOT SEEN SINCE THE LATE 1920'S....
02:37:56 Unidentified Speaker I THINK THE INABILITY OF THE THREE PARTS OF THIS PUZZLE TO COMMUNICATION IN MEANINGFUL WAYS. FEDERAL...
02:38:31 Unidentified Speaker SO HISTORICALLY, I THINK MUCH OF THE SUCCESS OF HIGHER EDUCATION HAS BEEN ATTRIBUTED TO THE FACT THAT...
02:40:20 Unidentified Speaker WHAT DO WE DO?
02:40:23 Unidentified Speaker WHAT DO YOU THINK?
02:40:27 Unidentified Speaker I SAY WHAT WHAT I SAID BEFORE. THERE NEEDS TO BE A MOVEMENT TOWARD REVAMPING THE AMERICAN EDUCATION...
02:40:44 Unidentified Speaker IN OTHER COUNTRIES, A SMALL SLICE GOES TOE COLLEGE.
02:40:51 Unidentified Speaker STUDENTS FROM ALL OVER THE WORLD WANT TO COME TO OUR COLLEGES AND UNIVERSITIES.
02:40:57 Unidentified Speaker YEAH, BUT THEY DON'T HAVE TO -- BUT SHE'S GETTING EDUCATION WITHOUT HAVING TO PAY THE PRICE FOR IT....
02:41:04 Unidentified Speaker EVERYBODY HERE WOULD AGREE IS THAT THE ONE THING THAT WE CAN BE SURE OF IS THAT AMERICAN HIGHER EDUCATIONS...
02:41:21 Unidentified Speaker NO.
02:41:24 Unidentified Speaker WHAT WE HAVE IN THE UNITED STATES IS MORE OF OUR FAIR OF THE BEST COLLEGES IN THE WORLD. WHAT WE DON'T...
02:42:07 Unidentified Speaker SHE DIDN'T COME HERE TO STUDY BECAUSE THOUGHT AMERICA WAS A BETTER SCHOOL. SHE JUST WANTED TO SEE...
02:42:19 Unidentified Speaker MARY ANNE?
02:42:22 Unidentified Speaker NOT TO TOOT MY STATE'S OWN HORN. BUT TWO VERY IMPORTANT ELEMENTS THAT YOU BROUGHT UP THAT MEL IS EXEMPLIFYING...
02:43:03 Unidentified Speaker ALLEN, YOU MAY WIN THE AWARD IN OUR RECOGNITION AS THE MOSTINESS EXPIRING SPECTOR WE'VE HAD. CERTAINLY...
02:43:15 Unidentified Speaker AND YOU KNOW, HERE'S YOUR CHANCE.
02:43:17 Unidentified Speaker I DON'T HAVE MUCH TO SAY ABOUT WHAT COULD BE DONE ABOUT HIGHER EDUCATION. I THINK ALL THE PANELISTS...
02:43:55 Unidentified Speaker LAST QUESTION TO YOU. A LOT HAS BEEN TALKED ABOUT EDUCATION, ABOUT MAKING CLEAR WHAT THE STAKES ARE....
02:44:14 Unidentified Speaker OBVIOUSLY, IT HASN'T BEEN DONE EFFECTIVELY. I THINK OUR COLLEGE S AND UNIVERSITIES ARE HAVE TO BE...
02:46:09 Unidentified Speaker I WANT TO THANK OUR PANEL. LET ME TELL YOU THAT THE SQUEEZE PLAY REPORT THAT WE'VE MADE REFERENCE...
02:46:35 Unidentified Speaker COLLEGEPARENTS.ORG.
02:46:38 Unidentified Speaker ANYONE ELSE?
02:46:40 Unidentified Speaker HIGHEREDUCATION.ORG.
02:46:43 Unidentified Speaker I HOPE AS THE PRESIDENTIAL CAMPAIGN CARRIES ON THROUGH THIS YEAR, IT'S SOMETHINGING THAT WILL BE FRONT...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Bell, Aaron
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  • Callan, Patrick M.
  • Immerwahr, John
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  • Scott, Steven
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