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Ever since John Harvard in 1638 bequeathed his library and half his estate to the fledgling college that would bear his name, American higher education has been a story of slow but inexorable expansion.
We’re beginning to see the light. After more than a year of turmoil and uncertainty, the outlook for traditional undergraduate admissions is beginning to brighten. But it’s still unclear exactly what the new practice of enrollment will look like post-pandemic.
With a few exceptions, there are two key questions keeping community college leaders up at night this summer: “Where did they go? And, what can we do to bring them back?”
In late March, Coursera raised more than $520 million with a 36% price jump during its first day of trading. While Coursera’s opening bump doesn’t compare to Bumble’s 60% or Roblox’s 54% increases, it’s likely to become one of the largest postsecondary IPOs to date.
Few schools, however, will keep the lines of communication open with admitted students who chose a community college instead. But Eduventures data shows why these schools may have an important advantage when the time comes to enroll transfer students.
In 2019, that was the proportion of first-time, full-time Black undergraduates who completed a bachelor’s degree in six years. The rate for all first-time, full-time undergraduates was 61% and for white students it was 65%. While none of these ratios are stellar, the gap between Black learners and the other two is alarming.