Editor's Note: This is the final piece in a three-part series on Financing Seminary Education. Read Part 1 here and Part 2 here.
“The higher education industry is facing a multi-pronged and existential threat composed of successive waves of disruptive innovation” (Butler, “Tottering Ivory Towers,” American Interest (Sept/Oct). It seems higher education, including seminary education, is going the way of the music and media industries! Our 2,000-year-old business model of “sage on stage” could be truly doomed. The appearance of “massive open online courses” (MOOCs) over the past few years has thrown many higher education institutions for a loop, and more innovations are on the way.
In response to these new innovations higher-ed institutions, including seminaries, have tweaked their business models with a few technological modifications such as PowerPoint, email, electronic research, and online courses. But, will it be enough? Butler says “no” and so do the trends. The reality is graduates of today’s higher-ed institutions are not evidencing the competencies expected and/or hoped for by their future employers. Consequently, accreditation standards, at an all-time high in complexity, are now beginning to be challenged. Simultaneously, tuitions are costly, the economy is tough, and the job market is even tougher. The end result is that students are graduating with large amounts of student loan debt and potential students are opting out of the education market.
We began the 21st century with denominations and churches that no longer fit the needs of a shifting society, a Congress that votes against the poor and the middle class, and seminaries that face multi-pronged threats to their existence. It’s time for an overhaul!