Beyond Tuition: Reimagining the Business Model of Higher Education

The traditional business model of higher education has been centered on charging tuition and fees to students in exchange for providing them with academic instruction and a degree. However, this model is facing increasing challenges due to rising costs, declining student enrollment, and increased competition from online and alternative education providers. Colleges and universities that are able to adapt and innovate will be the ones that are most successful in the years to come.