Payne Springs University (PSU) highlights the fact
that technology has supported various sectors and has contributed in sustaining
the economy. Because of the latest technologies, quality is improved and costs
are reduced. However, this is not happening in higher education! If technology
played its significant part in higher education, then students will not be over
burdened with huge debts.
Payne Springs University suggests that transparency
for students should be increased by enforcing the growth of a student centric
ranking. In this way, students will be able to compare their degrees with
employment prospects and also, measure cost and value they receive for money.
PSU recommends introducing initial metrics for a scorecard, including some
important measures for quality of teaching, learning, mentor ship and
all factors that are essential for high-quality, well-rounded education. Conducting
student surveys would make all this possible.
Payne Springs University further suggests that the
federal financial assistance programs for students should strongly be based
on employ-ability and innovation. Even under a stable economy,
employers are not satisfied with today’s graduates and complain that they
are not prepared as per the challenges of 21st century’s labor market and very few
graduates are able to initiate their own business. Financial aid programs need
to be linked with the completion of courses not with the completion of degree.
At present, financial aid programs and related policies are acting as barrier
to innovation. All such programs need to be redesigned, in order to support
innovation in all aspects of education at every level.
