Show Less
Restricted access

Riding the Fifth Wave in Higher Education

A Survival Guide for the New Normal

James Ottavio Castagnera

The Fifth Wave in higher education is breaking on American shores. Unlike the four waves that preceded it from colonial times through the post-WWII mega-versity expansion, this wave is disrupting all sectors of the higher education industry. It will sweep away those institutions—be they public, private non-profit, or for-profit—that fail to recognize and meet the threat. Harvard professor Clay Christensen, the father of "disruptive innovation," predicts that as many as half of all American universities will close or go bankrupt within the next 10 to 15 years (See Inside Higher Ed, April 28, 2017).

Riding the Fifth Wave in Higher Education: A Survival Guide for the New Normal charts the dimensions of the Fifth Wave challenge and offers numerous general and specific suggestions for surfing the wave and surviving its tsunami-like impact. Part One of this concise handbook explains why our industry is in treacherous waters and outlines the impact of the Fifth Wave to date on all three major sectors of American higher ed. Part Two offers a range of practical responses, including ways we might break out of the tuition-discount "death spiral" and the facilities "arms race," as well as identifying our prospects for removing the albatross of onerous federal regulations from around our necks before it drags us under. If you have time to read only one book about today’s crisis in American higher education, Riding the Fifth Wave in Higher Education is the right choice. If you plan to research the topic in depth, Riding the Fifth Wave in Higher Education is the perfect place to start.

Show Summary Details
Restricted access

Chapter 8. Capitalizing on a Potential Window of Regulatory Relief

Extract

← 110 | 111 →

· 8 ·

CAPITALIZING ON A POTENTIAL WINDOW OF REGULATORY RELIEF

Enter the Trump Administration

I concluded Chapter Four with the observation that, under billionaire Betsy DeVos, the U.S. Department of Education can be expected to relax its regulatory grip on our industry. In Chapter Five, I outlined the dimensions of the regulatory burden weighing down the already-beleaguered nonprofit sector. Again, I suggested that some relief may be in the offing. Here, permit me to expand that prognostication to include the entire federal bureaucracy. How so? Let’s begin with one of President Donald Trump’s first executive orders.

EXECUTIVE ORDER

- - - - - - -

REDUCING REGULATION AND CONTROLLING REGULATORY COSTS

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Budget and Accounting Act of 1921, as amended (31 U.S.C. 1101 et seq.), section 1105 of title 31, United States Code, and section 301 of title 3, United States Code, it is hereby ordered as follows: Section 1. Purpose. It is the policy of the executive branch to be prudent and financially responsible in the expenditure of funds, from both public and private sources. In addition to the management of the direct expenditure of taxpayer dollars through ← 111 | 112 → the budgeting process, it is essential to manage the costs associated with the governmental imposition of private expenditures required to comply...

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.