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Impact of the Internet on Education

In: Computers and Technology

Submitted By tywalker1264
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Analyzing The Impact Of The Internet
Capella University
MBA-FP6004

Analyzing The Impact Of The Internet

In today's world, employers are looking for a higher standard of education from job applicants. This is forcing high school seniors to pursue a college degree; an increase in demand causes an increase in tuition cost. This adds pressure in the economy, due to the growing amount of student loans and parent’s looking at creative options to cover the cost, such as refinancing their homes. But then, the advancement of technology could change this; however, there are complicated implication that will need to be addressed. Based on my research the major factor of the tuition increases is the reduction of state funding. The reduced state funding impacts universities; they provide 53 percent of the revenue. When the funding is cut, universities will have to cut educational or other services, and raise tuition to cover the gap. The average spend rate, per student is 23% or $2,026, which are less than the recession time. This inward turn is propelling the cost from the state to the student and influencing the universities to look at ways of covering the shortage. See Figure 1, every state except Alaska and North Dakota has cut per-spending funding.
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One approach is to increase the acceptance rate of out-of-state students. On average, the in-state tuition cost of a bachelor’s degree is $60,000, and the out-of-state is in the range of $100,000. This is one way to cover the shortfall of the state funding. By doing so, and the increase in demand, it will affect in-state freshmen acceptance rates. Keep in mind, there are only so many allocations available and someone needs to lose and that would be the in-state freshmen. So can the advancement of the internet and technology influence the future of higher education? The market...

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