Since 1897, Trinity’s mission has been to educate men and women to engage in God’s redemptive work in the world by cultivating academic excellence, Christian faithfulness, and lifelong learning. Its goal is to prepare students to lead others, as they are entrusted with the gospel to think and live as Christ-followers in the twenty-first century.
This is the percentage increase in college tuition since 1990, after adjusting for inflation. By comparison, the growth in the price of groceries has gone up 60 percent over that same time frame. Something is obviously very wrong with the current financial models and cost structure for education.
The importance of higher education among young adults has declined nearly 50 percent in the last six years, due in large measure to the incommensurate growth in cost, as well as doubts about the work readiness of graduates.
This is the drop in overall college and graduate enrollments in the U.S. over the past decade. And since the start of the COVID-19 pandemic in 2019, undergraduate enrollments alone have declined 8 percent. Simply put, higher education capacity exceeds demand.
“The current situation in higher education is akin to the fable of the frog in the pot. The myth goes that if you put a frog in a pot of water that is slowly brought to boil, the frog won’t detect the increasing danger until it’s too late. Let’s hope higher education doesn’t view this steady decline in enrollments as anything other than an urgent crisis which requires immediate and significant action.”
~ Brandon Busteed, Forbes
In order to thrive within these realities, universities cannot delay developing a sustainable financial model, while simultaneously addressing the changing needs of students. It is these very challenges that have led President Perrin to his decision of strategically evaluating and reshaping Trinity’s academic offerings in light of its mission. His goal is to build a sustainable financial model that enables Trinity to prepare men and women to worship in faithfulness, mentor in hope, and build bridges in love through Christ-centered academic excellence. Learn more about how the MAP unfolded.