New Book Exposes U.S. Higher Education’s Broken Business Model and Offers Bold New Plan to End “Graduation Gridlock”

By Golden Gate University

In their new book, “Riptide: The New Normal In Higher Education,” authors and experienced university executives, Dan Angel and Terry Connelly, reveal how America lost its world-leading edge in higher education following the 2009-10 recession, and offers solutions to end ‘graduation gridlock’ without digging deeper into student and taxpayer pockets. Angel is a five-time college president, currently president of San Francisco’s Golden Gate University. Connelly is Dean of Business at GGU with a background as a successful leader in financial services industry.

While it has never been more important in life to get a college degree, it has never been harder to do so. Taxpayers have been so impressed with the lifetime earning benefits of a degree that they have radically reduced their direct subsidies to higher education institutions, leaving both the middle class and the disadvantaged to mortgage their futures to pay the resulting hyper-inflated tuition rates. Yet the same taxpayers are unwittingly underwriting expensive, for-profit educational enterprises by taking the default risk on federal student loans, which often go to fund some shady marketing and educational practices that call to mind the “subprime” mortgage industry at its worst.

Continued at: http://www.sacbee.com/2011/07/08/3757052/new-book-exposes-us-higher-educations.html#ixzz1RfI39MUc