Author Profile

Vance Fried

Vance H. Fried is the Riata Professor of Entrepreneurship at Oklahoma State University. He is the author of Better/Cheaper College: An Entrepreneur's Guide to Rescuing the Higher Education Industry. His current research focuses on strategic innovation in higher education and free enterprise public policy. In addition, he has published extensively on the venture capital industry and the management of firms financed by venture capital. He holds a B.S. in finance from Oklahoma State University and a J.D. from the University of Michigan. He is also a CPA.

Articles by Vance Fried

Affordable College Is Here

Feb 7, 2020 · Vance Fried · Comments Off

At TEL Library we’ve taken a major step toward reducing the cost of college with the launch of our Courses-on-Demand program. Through this program, students anywhere in the U.S. can take college courses that are entirely self-paced and allow students to start anytime they desire. The all-inclusive cost of these courses is $44 per credit … Continue reading “Affordable College Is Here”

The Endowment Trap

Mar 29, 2011 · Vance Fried · Comments Off

Why should a school create a fund that it never intends to spend? Schools aren’t trust companies; they are educational institutions.

Are College Exit Exams a Valid Measure of Learning? It’s Complicated Dec 3, 2021
Given the enormity of the public and private investment in US higher education, of course we should evaluate its effectiveness. But, how? It is claimed that over 200 higher education institutions administer the one-size-fits-all Collegiate Learning Assessment (CLA). When administered pre-post—that is, near the beginning and then again near the end of a student’s program—the … Continue reading “Are College Exit Exams a Valid Measure of Learning? It’s Complicated”
Are Students Learning the Right Skills? Why Academia Needs to Go Back to the “Basics” Nov 17, 2021
Last year, Forbes published a headline, “Americans rank a Google internship over a Harvard degree.” It seems higher education is quickly losing hold of its value proposition as the best way to prepare for a job or advance in one’s career. And that’s not because of a lack of new advancements or insights. Especially in … Continue reading “Are Students Learning the Right Skills? Why Academia Needs to Go Back to the “Basics””
Did You Know? The Higher Education Profile of North Carolina Business Leaders Nov 4, 2021
Is having a college degree a critical dimension in becoming a business leader for those running North Carolina’s largest corporations? We have analyzed that question as part of a broader study of the relationship between higher education and corporate leadership in the United States, work currently being undertaken for the James G. Martin Center. Specifically, … Continue reading “Did You Know? The Higher Education Profile of North Carolina Business Leaders”

Explaining the High Cost of College Nov 5, 2021
The most striking fact about American colleges and universities over the last fifty years is how rapidly the cost of attending has risen. A good perspective on the college cost explosion is found in a November, 2017 study prepared for the Joint Economic Committee of Congress. It states, “A student working full-time over the summer … Continue reading “Explaining the High Cost of College”
Are North Carolina Colleges and Universities Worth the Price Tag? Oct 18, 2021
Shelling out the time and cash necessary to earn a degree is a sacrifice. For many, the question of “is college worth it?” has a simple answer: “yes.” But for others, the answer may not be so clear. A private liberal arts school may look more glamorous than the neighborhood community college, but it also … Continue reading “Are North Carolina Colleges and Universities Worth the Price Tag? “
How Did We Get Into the Debt Trap? Oct 6, 2021
No one spoke of college students being trapped in debt until rather recently. Prior to the advent of federal student aid programs, college wasn’t expensive, few Americans regarded it as important to their lives, and what borrowing they did for it was through private institutions that were careful not to lend where they perceived too … Continue reading “How Did We Get Into the Debt Trap?”

An Innovative Solution to the Failures of Peer Review Aug 13, 2021
Academics are growing wary of the peer review process amid mounting evidence that it is compromised by ideological biases and that it does not effectively or reliably ensure the quality of published research. Further, it is increasingly evident that the academic publishing industry’s primary reason for being is not to disseminate new knowledge to the … Continue reading “An Innovative Solution to the Failures of Peer Review”
How Can Professors Inspire Students to Want to Learn? Jun 23, 2021
COVID-19 has revolutionized how we think about online college teaching. Until last spring, two perspectives predominated. One argued that massively enrolled online classes presented by impressive teachers or prestigious universities would increase efficiency while preserving quality. The other worried about the quality of online classes, and that the gap between those able to afford in-person … Continue reading “How Can Professors Inspire Students to Want to Learn?”
The Scuba Model of Higher Education May 21, 2021
Scuba diving ought to be very dangerous. Recreational diving involves submerging to depths of up to 60 feet. If something goes wrong at that depth, a quick return to the surface is not an option. Ascending to the surface too quickly will cause decompression sickness, which can be deadly. The diver needs to solve any … Continue reading “The Scuba Model of Higher Education”

Are College Exit Exams a Valid Measure of Learning? It’s Complicated Dec 3, 2021
Given the enormity of the public and private investment in US higher education, of course we should evaluate its effectiveness. But, how? It is claimed that over 200 higher education institutions administer the one-size-fits-all Collegiate Learning Assessment (CLA). When administered pre-post—that is, near the beginning and then again near the end of a student’s program—the … Continue reading “Are College Exit Exams a Valid Measure of Learning? It’s Complicated”
Did You Know? NC Voters Reject Discrimination and Special Preferences Dec 2, 2021
Discrimination is unpopular with voters. That’s good news. Last month, the John Locke Foundation released new polling data revealing that North Carolina voters would support an amendment to ban discrimination or special treatment in public education, hiring, and contracting. Nearly 70 percent of likely North Carolina voters said they would support an amendment “to prohibit … Continue reading “Did You Know? NC Voters Reject Discrimination and Special Preferences”
Woke Universities are Rousseau’s Children Dec 1, 2021
In early October, Bright Sheng, a professor of music at the University of Michigan, played the 1965 rendition of Shakespeare’s Othello for his undergraduate class. The film starred Laurence Olivier, who was wearing black makeup, as the titular character. Having no concern for context or artistry, the university community revolted, deeming the film (and Sheng … Continue reading “Woke Universities are Rousseau’s Children”