Justifying Online Learning: Thinking like an Educator and a CFO
The below is a guest post by Julie Evans , CEO of Project Tomorrow
We all know online learning and teaching methods are gaining in popularity. Idaho recently joined Alabama, Florida and Michigan in passing legislation that requires students take a certain number of online classes in order to graduate. In Project Excellence’s 2011 Trends Update, students, parents and teachers are demanding more online coursework with more than 40 percent of students now designating online classes as an “essential” component of their learning experience.
Juxtapose these trends with the fact that districts all over the country are struggling with shrinking budgets, increasing enrollments and an increase in non-traditional students. With the initial investment in online technologies seemingly cost prohibitive, administrators find themselves wrestling with competing priorities as they ask: “What needs to be cut?” and “Where should I invest?” This paradigm is forcing a new way of thinking for district administrators: like CFOs.
Simply following a growing trend is not enough: districts often need to show a financial return on investment (ROI) for new programs or ventures; however, formulating an answer to “Should my school invest in online learning technologies?” takes more than just a spreadsheet. It should include questions that also consider the value of investment (VOI), such as “What are the specific needs of our students, teachers, parents and administrators?”
For example, when the rising number of non-traditional students, students seeking college-level courses and dual enrollment is taken into account, it becomes easier to justify an online communication investment. Or perhaps thinking about the time saved on travel, expenses and instructor fees when using online faculty training programs will justify the initial program investment.
