The Post-Secondary Education Market: Is Online Education Coming of Age?
Toronto, Ontario and Schaumburg, IL (Vocus) April 22, 2009
Embanet ULC, a leading online higher education services provider, is pleased to announce that Stephen Fireng, President and Chief Executive Officer, will participate in and moderate panels at the 2009 Milken Institute Global Conference in Los Angeles, California from April 27-29th. The conference draws 3,000 attendees from 60 nations, including many of the world's leading investors and money managers, CEOs, Nobel laureates, philanthropists, government officials, academic experts, scientists and journalists. This year's conference promises to be truly extraordinary, as hundreds of influential decision-makers and visionary thinkers come together to map the road to financial recovery.
In "The Post-Secondary Education Market: Is Online Education Coming of Age?" Fireng will join a distinguished panel including: Charles Edelstein, CEO of Apollo Group; Mernoy Harrison Jr., Vice President and Executive Vice Provost, Arizona State University Online and Extended Education; and Murat Tarimcilar, Associate Dean for Graduate Programs and Associate Professor of Decision Sciences, George Washington University. Moderated by Susan Wolford, Managing Director and Group Head at BMO Capital Markets, the panel will discuss the current perception of online education among students and potential students, faculty and administrators and whether it has changed; the potential benefits and risks to universities in outsourcing the marketing and development of online courses; online learning strategies in nonprofit and for-profit institutions, and the profitability of online courses versus traditional on-ground classes.
According to the latest survey from the Sloan Consortium, more than 3.9 million students--or 20 percent of all U.S. students in higher education-- were taking at least one online course during the fall 2007 term. "The increasing demand for access and flexibility in higher education has made online learning a popular option for students in both for-profit and not-for-profit post-secondary institutions," notes Fireng. "As more traditional institutions put their programs online to meet student demand, the key to a successful outcome for all stakeholders is to ensure that the academic integrity, rigor and requirements of the institution remain consistent across all online and on-ground programs."
Fireng will moderate a panel on "The New American University and Its Role in the Economy," featuring: Richard Blum, Chairman, Regents of the University of California; Michael Crow, President, Arizona State University; Susan Hockfield, President, Massachusetts Institute of Technology; Luc Vinet, Rector, Université de Montréal; and Deborah Wince-Smith, President, Council on Competitiveness. Do the current realities of the world economy necessitate a change in the traditional research university model to one that is more internally dynamic and commercially focused? The panel will consider whether universities should take a more active role in economic development and should work to develop more entrepreneurial skills in students and faculty.
Fireng joined Embanet in May 2008 and since that time has facilitated the growth of the company through new and expanded partnerships with prestigious universities across North America, leading to the recent opening of an additional company facility in Schaumburg, Illinois. Prior to joining Embanet, Fireng led and managed the growth of two fully online degree-granting universities for a publicly traded education company, growing the institutions from 12 to 30,000 students over a seven-year period.
Embanet (http://www.embanet.com) is an integrated, full service provider of online learning services to postsecondary educational institutions. Embanet safeguards academic integrity and maximizes student enrollment and graduation by providing capital and expertise in program development, marketing and admissions, student services and technology support. The company serves over 50 colleges and universities offering more than 40 degree programs.
Contact: Lynne Baker