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Is the Ph.D. or DBA more Aligned to Current Business Needs?

Are professional or traditional doctorates more significant in today’s economy? A paper by Banerjee and Morley reviewed the growing trend of professional doctorates and the possibility that they are more aligned to the executive needs of running modern companies. A professional doctorate is more focused on applied type research based within real world business scenarios. Traditional Ph.D.’s are primarily focused on theoretical underpinnings and are more concerned with a broader theoretical base.   Should one earn a DBA or a Ph.D. in business? Some have argued that the professional doctorate is superior because it focuses more closely on workplace issues and uses theory in a practical and applicable manner.   The traditional Ph.D. is seen as an academic degree most applicable for teaching and academic research. Fundamentally, the two degrees are perceived as having two different purposes with the professional doctorate more in align with corporate needs.  It is believed th

Sallie Mae's Report Indicates Parents Adjusting to Educational Costs

A Sallie Mae Report entitled How America Pays for College 2013 brings to light some important changes occurring in the financing of education. Parents and students are finding new strategies to adjust to increases in cost which include opting out of dorms, applying for grants, working more hours, and cutting back on things that are not necessary. Despite the growing cost of education students and parents still believe in the power of education and the ability to afford a better life.  Even though a general trend of college costs has been increasing, over the last few years it has leveled out to $21,178 which is down from 2010. Yet parents and students are being more frugal and this could have some influence on the plateau and how long that plateau lasts. Wealthier families are spending a little more than middle class families while lower class families are pulling back on their expenses while attending school.  How Students Are Paying for College: Student Borrowing 18%

Increases in Higher Education as a Result of Non-Essential Educational Services

Higher Education is changing and may be indicative of some challenges that will need new solutions and better ways of managing the educational system. A report by the Joint Legislative and Audit and Review Commission (JLARC) to the general assembly of Virginia indicates a number of important education trends such as cost, state investment, secondary higher education services, student loan debt, and graduation rates of both Virginia and the nation. Even though the report focused on Virginia it did highlight some national trends and changes.  A Virginian report indicates that the majority of newer higher education costs are a result of auxiliary services. At 15 Virginia based higher education institutes,   spending increased from $2.6 to nearly $6 billion dollars in the past two decades. Staff salaries, benefits and maintenance were not the majority of these increased costs. Higher levels of spending were found in academic services, research, academic support, student support, h

Parents Finding New Ways to Pay for College

The cost of education has been hitting national airways for some time. Tuition and boarding costs are rising and parents are trying to find new ways of paying for their kid’s education. Changes have occurred over the past decade indicating additional reliance on tax benefits and grants. A 2013 report entitled Trends in Higher Education by the College Advocacy and Policy Board helps highlight how parents and students are paying for education and making ends meet.  The report outlines the results of a study analyzing trends of how parents and students are paying for college. An average of 2002/03 fees and tuition for full-time students were $8,760 and rose to $11,960 in 2012/2013 marking a 37% increase. The addition of room and board raised the cost from $16,480 to $21,030 respectively. In 2012/1013 tax benefits and grants covered 36% of total charges, 26% were covered from student loans, 38% of the costs were covered from other sources. Over the past decade their out-of-pock