UTIAAInstituteThe future of highereducation in the eraof ongevituSDevelopedby:GSAInsightsandImplications in GerontologvSeriesGERONTOLOGICAISOCIETYOFAMERICA
THEFUTUREOFHIGHEREDUCATIONINTHEERAOFLONGEVITYForewordHighereducation in the United States stands at a critical crossroad, facing several compelling challengesthat demand bold, strategic responses Declining nrollments, driven by fallingfertility rates after theducation, have ledto anexcesscapacity of cowith colleges closing ormergingI more frequently. Rising uition costs, which have outpaced int lation, coupled with increasingadministrative-to-faculty ratios, have further strained the system. For example, between 2010 and 2021,undergraduate enroll ment declined by 15%, dropping from 18.1 million to 15.4million students, whiletuition costs increased by over25%.Amid these chalenes we fel that thereis an extraordinary opportunity right in front of the U.S. higherption caused by artificial intelligence and the riseeevenly matched age-cohorts acrossavast.growing. and untapped marketforiduals ace 25to 75 unskill reskll and chande careers inresoonsetothewidespreadadoptionofartificialintallicanoaca eoan thlrfrins to his growing group. Howe e; aping nto thisopportunity requires not only prioritizing its focus but also rethinking the educational offering from theThe TIAA Instituherica(GSA) are delighted to share ourfindingsand recommInclusivity in Higher Education initiative toines how colleges and universities areby broadening the scope of recruitmentefrts, expanding curricular offrings, making the physical environment more accessible, and providingresources and services targeted to the needs ofage-diverse studentsWehope you find this report and the opportunity we have identifed as exciting as we do.And we lookAmericans achileve longevity fitness with education as a foundationJamesC.ApplebySuryaP. KolluriChiefExecutiveOfficer,Head, TIAA Institute,GerontologicalSocietyofAmerica,TIAA
ContentsIntroduction......5Insights Intohighereducation:factorsdriving the八Popultion shitsa tren tow ard ag eindusv.... Rapid changes and radical trnsformatio..Factorsdelaying enrollmentinhighereducation.ITouchpoints foreducation acrosthelifespa.11Implicationsforhighereducation:creatingage-inclusivecampusesforstudentsofallages77白Studentaffairs...20phvciealenviromment..Personnel Outreach and engagement ...·3Conclusion。。。.30Doferences.....34
THEFUTUREOFHIGHEREDUCATIONINTHEERAOFLONGEVITYIntroductionThroughout the centuries of higher education, change has been constant. Institutions of higherlearning have adjusted curricula, created Iastablished schools and colleges toimeet emerging needs.WhentheInformation Aaainthe 1950s, a population explosionexpanded the number of students on campuses. Advances in science and technology provided areas of growth and the need for new academic disciplies with cutting-edge curicula and feldsare anticipatinganewperiod ofould perform tasks thatpreviously,sformerly requiring acollegei to focus ondifferentfunctions orc...
