Paula Singer, President and CEO of Laureate Global Products and Services, was invited to testify before the U.S. House Education and Workforce Subcommittee on Higher Education on the topic, "Keeping College Within Reach: Improving Access and Affordability Through Innovative Partnerships". Ms. Singer was one of four leaders in higher education participating in the September 18 hearing. She was joined by an associate dean from Georgia Tech who talked about their new MOOC-based master’s degree; a professor from Rice who created OpenStax College; and the president of Adrian College, a small liberal arts college in Michigan.
During her testimony, Ms. Singer highlighted how and why innovative partnerships in education are so important for institutions. She listed three key benefits to these types of strategic alliances: efficiency and cost savings to both students and institutions, speed to market, and access to capital. Through partnerships, said Ms. Singer, institutions can share best practices, making it possible to get new information and technology to students quickly and efficiently. Innovative partnerships can also help provide funding for university projects, reducing the need to depend on government aid or raising tuition.
In order to recognize the benefits of any partnership there needs to be mission alignment and open communication. To reiterate this point, in her remarks Ms. Singer discussed several examples of successful collaborations within the Laureate network and the subsequent benefits for both students and universities. She concluded with stating her support for a regulatory structure that understands and supports innovative partnerships in higher education.
Watch the complete hearing for more information on Laureate’s innovative global partnerships.