Why Education Is Important

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Higher education is a critical component of the U.S. economy.

Board members have to confront whether elite institutions can be proper role models for the 21st cntury.

Where are the role models for education’s future?

Congratulations! You have been asked to join the Board of Trustees of your alma mater. Do you know what you are in for?

Higher education is an economic engine and a strategic asset for the United States. In many communities, it is a major employer.

In addition to providing local employment, higher education acts as a stabilizing factor in that it is less sensitive to the ups and downs of economic cycles that most businesses.

Education has been viewed as a critical vehicle to help young people move up the economic ladder. Major innovations like the internet, and mRNA vaccine technology originated in university research.

Being on the board is recognition of your professional stature. You will increase the value of your business network by meeting interesting senior-level people from other industries who serve on your board.

The Costs to You and Society

In the private nonprofit world, it is expected that you make an annual contribution to the institution. Your expected contribution should be explicit before you agree to join.

The economic challenges faced by universities are well known:

Costs for providing services have risen more rapidly than........

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