Market-Funded versus Self-Funded Universities

for-profit-vs-nonprofit.jpgI was researching and reading about market-funded universities versus traditional universities and came across this great chart that shows the difference in the core make up of each of these approaches to higher education.   

For those of you unfamiliar with the word “market-funded”, that is the same as for-profit…which include schools like the University of Phoenix, DeVry, Argosy, AIU, Capella and more.  I am not advocating one is better than the other, yet just providing information that I found helpful.

Self -Funded Universities                              Market-Funded Universities

Tax-exempt                                                     Tax-paying

Donors                                                             Investors

Endowment                                                     Private Investment capital

Stakeholders                                                    Stockholders

Shared governance                                         Traditional management

Prestige motive                                               Profit motive

Cultivation of knowledge                                Application of learning

Discipline-driven                                             Market-driven

Quality of inputs                                              Quality of outcomes

Faculty power                                                 Customer power        

Ruch, R. S. (2001). Higher Ed, Inc. The rise of the For-Profit University. Baltimore, MD: Johns Hopkins University Press.

Attrition in Your Organization?

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Liberty University Online Academy Full Accreditation by SACS

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The Southern Association of Colleges and Schools (SACS) announced in early February that Liberty University Online Academy (LUOA) has been granted full accreditation. The five-year accreditation is a major milestone for Liberty University’s most recent online educational venture for grades 3-12.

Now in its third year of operation, LUOA is quickly receiving recognition as a quality option for parents seeking Christian online homeschooling education for their children. For the 2009-10 school year, 700 students are enrolled in LUOA, residing in 46 states and 11 foreign countries.

Read more

libertyuniversityonlineacademy_pic1.jpgSACS…Scope of recognition: the accreditation and pre-accreditation (”Candidate for Accreditation”) of degree-granting institutions of higher education in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia, including distance education programs offered at those institutions.

Accreditation Status Categories (these may vary slightly across Accrediting Bodies)

1.Grant Candidacy or Initial Accreditation
2.Deny Candidacy or Initial Accreditation
3.Defer Action
4.Continue Accreditation between the Capacity and Preparatory Review and the Educational Effectiveness Review
5.Reaffirm Accreditation
6.Issue a Formal Notice of Concern
7.Issue a Warning
8.Impose Probation
9.Issue an Order to Show Cause
10.Terminate Accreditation

Image of the Day

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It sure is tough to find good help these days!

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