Market-Funded versus Self-Funded Universities
I 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?
Liberty University Online Academy Full Accreditation by SACS
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.
SACS…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
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