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    Christian higher education is growing briskly in Sub-Saharan Africa. It exists at the intersection of two of the most dynamic social trends on the continent: the rapid rise of Christian adherence and the volatile growth of higher education. A century ago, only nine million Christians resided in all of Africa, and most were in Egypt’s and Ethiopia’s ancient churches. By 1950, this number had tripled, to about 30 million. By 1970, there were 114 million Christians in Africa. Today there are an estimated 555 million African Christians – Orthodox, Catholic, Protestant, Pentecostal and African-instituted. African higher education’s growth has also been rapid. In the early 1960s, there were only 41 higher education institutions and 16,500 students in all of Africa. As of 2010, Sub-Saharan Africa enrolled 5.2 million students in 668 higher education institutions, and these enrolments were more than double those in 2000. African universities today are emerging from a turbulent half-century. The immediate postcolonial era brought high hopes with supportive governments and massive international investments. But by the 1980s, African universities were suffering deep financial cuts as falling commodity prices and inflated energy prices crippled national budgets. World Bank and International Monetary Fund advisors pushed debtor nations to reallocate educational spending toward primary and secondary schools. Meanwhile, authoritarian regimes suspected flagship universities of subversion and slashed their budgets. By the 1990s, even the finest African universities were in crisis. To compound these problems, the growth of secondary education drove a relentless demand for tertiary enrolments. Governments mandated their flagship universities to enrol far beyond their carrying capacities. New regional institutions were founded and tertiary technical colleges were granted university status. Nigeria, for example, had founded 86 federal and state universities by 2015. Even with increases in funding, African higher
    6 years ago by @prophe
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    Despite higher fee, these schools are a necessity till we develop alternatives Last week, we delved into whether the furore over school fee is justified. Taking it forward, in this second part, we look into whether private ‘for-profit’ schools are flourishing despite government and government-aided schools being affordable. How big is the private school sector? According to a report by Ernst & Young — ‘Private Sector’s Contribution to K-12 Education in India’, 25 per cent of all schools (Kindergarten to Class 12) in India are under private management. Their enrolment has crossed 40 per cent (urban and rural together) of the total enrolment. This number increases to 55 per cent when you look at only the secondary and higher secondary enrolment. The Annual Status of Education Report 2016 points out that this is not just an urban phenomenon. Enrolment in private schools (age 6 to 14) even in rural India is increasing — from 18.7 per cent in 2006 to 30.8 per cent in 2014. Every poor family spends a disproportionate amount of its earnings to send her child to a private school. Clearly, private schooling is big and is growing in both urban and rural India. Government Spend A study by Ambrish Dongre and Avani Kapur titled ‘India’s Spend on Elementary Education’ states that the government (Central and across 16 States) median spend on elementary education (Class 1 – 8) works out to Rs 11,225 per student enrolled in 2011-12. This looks quite low because it is the average across India and across all types of schools in rural and urban areas. A better benchmark is ‘government-spend’ in Kendriya Vidyalayas that provide the best quality among government schools. Elementary school education (Class 1 to 8) is free in KVs and is subsidised thereafter. The fee notified by the KV Sangathan is nil for these classes. From Class 9 to 12, a tuition fee of Rs 200-400 per month is claimed from boys. In addition, Rs 650 per month is taken for computers and Vidyalaya Vikas Nidhi, with exemptions for certain categories of students.
    6 years ago by @prophe
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    Educational companies have seen their stock surge since the election. While the market as a whole has done well since Nov. 8, major companies including K12 Inc., Career Education Corp., DeVry Education Group Inc. and Capella Education Co. have grown faster than indexes. Laureate Education, Inc., which educates over one million post-secondary students in dozens of countries internationally, also concluded its (second) IPO in recent days. The company was publicly traded until 2007 when a group of investors took it private. Optimism and growth in the for-profit education market could mean changes to how the public thinks about higher education and career readiness. Many of the bigger higher education corporations tend to be more nimble in where they set up shop and more likely to build partnerships with business, said Guilbert Hentschke, a dean and professor emeritus at the USC Rossier School of Education. Many of the firms are focused on ensuring a local labor market is stocked with a stream of specifically accredited workers, compared to traditional non-profit four-year degree programs focused on the liberal arts. There are also signs of increasing collaboration between for-profit education companies and private non-profit institutions. Yesterday, Vanderbilt University joined with dozens of other schools in partnering with 2U Inc. to launch online degree offerings through its graduate school of education program. A big reason the for-profit education sector has seen renewed buoyancy in recent weeks is tied to the end of the Obama era. Hentschke, who is also affiliated with the Ernst & Young consultancy Parthenon-EY, said in an interview that the new administration and the new education secretary, Betsy DeVos, have not given a specific indication of their attitude toward for-profit education. Nevertheless, Trump’s business-oriented disposition and DeVos’s preference for free market fixes to the education system have not been lost on investors. The mere “absence of negative signals” represents a major shif
    6 years ago by @prophe
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    Laureate Education just became the first IPO of a company that's legally allowed to sacrifice profit in exchange for purpose, though the for-profit education industry has had a hard time finding any purpose at all. On February 1, Douglas Becker made history when he rang the opening bell of the Nasdaq. His company, Laureate Education, Inc.—the world’s largest for-profit college network, with more than 1 million students enrolled at over 200 campuses in 28 countries—had just launched an initial public offering. IPO filings happen every day, but this is the first public benefit corporation to ever be publicly traded. Laureate is listed on the exchange as LAUR and raised $490 million by offering 35 million shares at a price of $14, slightly lower than expectations. Benefit corporations are distinct from a traditional corporation. Rather than a singular focus on creating financial value, a benefit corporation is explicitly mandated to pursue positive social and environmental impact along
    6 years ago by @prophe
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