A discussion with Professor Ted Zoller regarding the future of higher education and the costs associated with it in a post-COVID world

• Higher education is going through its entrepreneurial phase that is creating new business models
• Residential universities will have segmentation - pure residential, residential hybrid and pure distance.
• Education unbundled from degrees to create T shaped learners - which are people who learn something deeply but also have a wider perspective on things that they can do
• Bifurcation between teaching, resources and research resources – a curriculum of general education and hyperspecialized importantly actionable education that employers want.
• Private, big name colleges will remain expensive but overall education costs will come down due to competition and new education business models.
• The half-life of education is getting shorter – your children will have to save for educational products out of their income to upgrade their career

Higher Education and skills will become MORE valuable in our society. College savings programs like 529 accounts can be a key way to save for ongoing educational needs of children and grandchildren

Read Full Interview Transcript at: https://olderaleighfinancial.com/stories-from-the-stacks-a-soundtrack-to-an-investment-advisors-life-episode-4-with-professor-ted-zoller/

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