Texas State Technical College

also referred to as: tstc

14 statements across 1 episodes · 10 bullish · 2 bearish · 2 people on the record · first statement Jan 6, 2022 by Michael Bettersworth · said 13 times in 2 episodes since 2022 · across every show →

Mentions by year

brought up most by Mike Reiser (7), Joe Lonsdale (5), Will Fry (1)

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Everything said about Texas State Technical College, oldest first

Jan 6, 2022 positive
Assertion Supported
Bettersworth: TSTC Closed 14 Programs Under Outcomes-Based Funding
“Well, one thing has happened, we closed 14 programs.”
Michael Bettersworth Jan 6, 2022 ▶ 16:36 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Disclosure
Bettersworth: TSTC is partnering with a vendor to test ISAs
“We are exploring ISAs. We've actually partnered with a vendor to begin experimenting with ISAs where federal financial aid doesn't provide funding.”
Michael Bettersworth Jan 6, 2022 ▶ 23:17 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Assertion Supported
Reeser: Texas funds TSTC based on graduate earnings above minimum wage
“A student attends TSTC for a minimum period of time, and then when they leave TSTC, the workforce system in Texas begins to track them in the work place. They are measured for five years of employment, and then That aggregate earnings amount is compared to wha…”
Mike Reiser Jan 6, 2022 ▶ 10:45 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 neutral
Disclosure
Bettersworth: TSTC charges higher tuition for programs with higher economic returns
“We have implemented variable tuition across our programs now, so certain programs that have a higher economic return, we can price at a higher rate.”
Michael Bettersworth Jan 6, 2022 ▶ 11:46 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Insight
Bettersworth: UI Wage Data Linkage Is Core to Higher Ed Accountability
“I would say that core towards these kinds of models working are the data systems that support them, and they are not equal from state to state, and it's a little pedantic, it's a little in the weeds, but we use unemployment insurance wage records, UI wage reco…”
Michael Bettersworth Jan 6, 2022 ▶ 28:14 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Assertion Contradicted
Reeser: Six of TSTC's top seven executives have corporate backgrounds
“If you look at the executive team at TSTC of the top seven executives that we have. Six of them came out of corporate America.”
Mike Reiser Jan 6, 2022 ▶ 30:56 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Assertion Partly supported
Bettersworth: TSTC enrollment dropped to 12K while completions and placements increased
“The total enrollment now is around 12,000. We used to be 20,000 back in, in days when I think we were more focused on enrollment than placement. Got it. So while our enrollment number has actually contracted over this transition, the placement numbers and the …”
Michael Bettersworth Jan 6, 2022 ▶ 5:34 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 negative
Disclosure
Bettersworth: TSTC bans employers from campus recruitment if they underpay graduates
“If somebody is underpaying our graduates, the model is we're going to invite them off of the campus.”
Michael Bettersworth Jan 6, 2022 ▶ 20:32 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Assertion Supported
Reeser: TSTC short-term programs match two-year credential earnings
“We have some short-term programs, say one or two semesters that rival the earnings of a two-year credential.”
Mike Reiser Jan 6, 2022 ▶ 14:19 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 negative
Assertion Not checkable as stated
Bettersworth: Higher ed data analytics is mostly compliance reporting, not optimization
“Most of the data analytics done in higher education is in a compliance fashion for reporting. We put the data analytics group in the CFO's shop. And it's about performance optimization.”
Michael Bettersworth Jan 6, 2022 ▶ 21:02 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Insight
Reeser: Outcomes-based funding aligns student, taxpayer, and employer interests
“This approach has aligned the best interests of the students, the institution, the taxpayers who support us, and the employers who hire our graduates. All those stakeholders win When the student gets a great job at the end, and we receive our funding.”
Mike Reiser Jan 6, 2022 ▶ 3:55 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Insight
Bettersworth: Traditional college funding incentivizes selling rather than student placement
“The mission, however, with Contact Hour funding, the traditional way of funding higher education, Is really focused on what can I sell to a student? So I'm selling programs into the student customer. When we shift the funding model to placement and earnings, n…”
Michael Bettersworth Jan 6, 2022 ▶ 4:42 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022 positive
Assertion Partly supported
Reeser: TSTC refunds full tuition if graduates lack jobs within six months
“We have six programs right now that are subject to, and we aren't aware of another college doing this, our money back guarantee program. What that means is if a student graduates from that program and they work earnestly with our placement professionals and th…”
Mike Reiser Jan 6, 2022 ▶ 22:30 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
Jan 6, 2022
Insight
Bettersworth: Outcomes-based funding models must minimize variables to avoid perverse incentives
“So one of the rules of anybody considering models like this is the fewer variables, the better. Every additional variable that we add adds complexity, it adds confusion, and it will drive behavior in unintended ways.”
Michael Bettersworth Jan 6, 2022 ▶ 10:16 Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale
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