Insight certainty 4/5 debate potential 3/5

Reeser: Practitioner Degrees Generate Returns to Fund Entire Universities

Mike Reiser · Texas State Technical College: The School With a Money-Back Guarantee · Joe Lonsdale · Jan 6, 2022 · at 8:47

Mike Reeser, Chancellor of Texas State Technical College, explains how professional and practitioner programs like engineering and finance subsidize broader university offerings.

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“Those are all degrees that are going to result in outstanding economic impact. That by itself creates a value base that would easily justify the funding for an entire university so that the softer programs, if you will, are carried by those who have a more tangible economic return.”

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More from Mike Reiser

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
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
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
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
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
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