1. Important Alternative Models for Best Serving the Student Steve Ernst VP Innovation and Strategy Interim Dean – School of Business and Technology

2. Excelsior College  Private, non-profit, open access, online higher education institution  Regionally accredited: Middle States Commission on Higher Education  Comprehensive array of degree programs  Founded in 1971; more than 150,000 graduates  Current enrollment: 37,000  Highly personalized learning/services model  Affordable high quality education  Students who have loans from Excelsior: 10%  Average debt burden of students with loans: $9,600  Cohort default rate: 4.6%

3. Excelsior College Founding Philosophy “What you know is more important than where or how you learned it”

4. Excelsior College Alternative Models: Four options  Prior Learning Assessment  Credit by Exam  Competency-based Education  Online Courses NOTE:  All models leverage a common learning outcomes and competency framework  Low residency requirement

5. Excelsior College Prior Learning Assessment:  LearningCounts (CAEL)  Evaluation and transfer of non-academic credit

6. Excelsior College Credit by Exam:  High-stakes psychometrically evaluated  Self-study, with option for faculty mediation  Proctored exams

7. Excelsior College Competency-based Education:  Time-independent (with time restrictions to meet financial aid rqmts)  Detailed learning outcomes and competency unit framework  Based on credit hour (can quickly switch to competency unit-based)  Faculty-mediated  Leverages adaptive learning + projects + simulations

8. Excelsior College Online Courses:  Time-dependent (term structure)  Higher-level learning outcomes and competency unit framework  Faculty-led  Incorporates adaptive learning, projects and simulations on an as-needed basis

9. Important Alternative Models for Best Serving the Student Steve Ernst VP Innovation and Strategy Interim Dean – School of Business and Technology

10. “Excelsior College v4.0”  Personalized learning, advising and student services  Adaptive learning models and systems  Project- and simulation-based learning  Learning analytics  Faculty focused on areas of greatest need  Outcomes-oriented (start at the end)  Outcomes-based and competency-based  Aligned to real-world skill requirements  Smart use of technology plays a key role  Interoperability of relevant technologies