Michael B. Horn, Christensen Institute
As many colleges and universities face not only the financial strains stemming from COVID-19, but also the challenges of a broken business model that was in peril before the pandemic, many have sought to dig themselves out by launching new programs that generate new revenue. But a new report from Burning Glass shows shocking failure rates from that strategy over the last several years. Titled “Bad Bets,” the report reveals that a stunning number—two-thirds—of new programs launched on the heels of the Great Recession were graduating fewer than ten students a year by 2018. Roughly half were graduating five or fewer students, and 30% reported zero degrees. This matters because, as the report makes clear, launching new programs costs money. And it’s money that colleges in many cases are hemorrhaging.
https://www.christenseninstitute.org/blog/colleges-weighed-down-by-failed-program-launches/
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