Rize Education platform helps 140 colleges share classes to reduce costs

Adrian College President Geoffrey Docking explained: Fox News Digital On Wednesday, how a growing number of colleges are working to lower the costs of higher education.

“It’s very expensive, and students take on a lot of debt. Even Upper middle class families They say we don’t know if we can do it anymore. “And things are really falling apart in a lot of different schools right now,” Docking said.

How Rize Education reduces costs

For-profit company Rize Education acts as a course-sharing platform broker that allows colleges to work together to offer online classes.

The docking argued that the height is higher education The costs are due to inefficiency and a lack of institutions working together to reduce costs like other industries in the private sector. He pioneered the idea of ​​course sharing to allow universities to share professors, avoiding the cost of hiring faculty.

Adrian College President Jeffrey Docking is credited with doubling enrollment at Adrian College since he began working there. He was also credited with tripling the college’s endowment. (Adrian College)

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“If you teach German at Adrian College and there are 10 other colleges and universities within a hundred-mile radius, and they all have a German professor, you have a large number of German professors compared to the number of students majoring in German,” he explained.

“So why not have one or two German professors who share with other schools and reduce that cost. It allows you to start new majors. We have just started 38 new academic programs and added one professor.”

Docking built the company in 2019 with two Harvard graduates, Kevin Harrington and Connor McCarthy, after convincing them to move from New York City to the middle of nowhere, Adrian, Michigan, a small town about an hour from Detroit on a short drive. Harrington and McCarthy worked at Adrian as Docking’s assistants to learn about the business behind the higher education sector.

Harrington, CEO and co-founder of Rize, and McCarthy expanded the company to 65 employees. Five years ago, there were seven colleges using Rize, and currently, there are approximately 140 colleges using it and the number is expected to grow.

“Five years ago, we had about 40 children taking lessons through this joint arrangement with other colleges. This year it will be more than 10,000,” Docking said.

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More than 1,500 students at Adrian College share classrooms with other colleges, according to Docking. Students will take classes the traditional way in person, then take a course at another accredited 501(c)(3) college.

“I had a presence all over the United States that wanted to get involved in this, and I realized we had something here,” Docking told Fox News Digital.

Since Adrian College formed a partnership with Rize, the institution has launched 27 majors, 13 minors and eight degrees in business, technology, engineering and healthcare. (Image source: Adrian College)

Harrington told Fox News Digital that 130 schools have added more than 700 new academic programs and career paths at “1/10 of the cost, which means student costs can be reduced as these colleges expand and improve what they offer students.”

Get the attention of Congress

Because the platform has been such a hit, Docking has been invited to testify before the House Education and Workforce Committee on November 18, during a hearing titled “The Future of College: Harnessing Innovation to Improve Outcomes and Reduce Costs” at the Rayburn House Office Building in Washington, D.C.

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Docking was among four witnesses who discussed innovative approaches that they said would reduce student debt and improve employment outcomes for college students.

“I think the reason I was called to the committee is because, instead of just acknowledging this, we did something about it. We said we need to take decisive action and make some big changes to bring down the cost of education,” Docking told Fox News Digital.

College fees have increased dramatically over the years and have forced students into debt. During the fourth quarter of 2023, student loan balances reached $1.6 trillion, according to data from the Federal Reserve Bank of New York. (Reuters)

College fees have increased dramatically over the years and have forced students into debt. During the fourth quarter In 2023, student loan balances will reach $1.6 trillion, according to data from the Federal Reserve Bank of New York.

college Costs have become a growing problem in the United States, prompting many to find solutions.

The small town college is growing rapidly

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Docking co-authored a book called “The Crisis in Higher Education: A Plan to Save America’s Small Liberal Arts Colleges,” and is credited with bolstering the school’s athletic programs and doubling enrollment at Adrian College since he began working there in 2005. Now, the institution offers more majors.

Since Adrian College formed a partnership with Rize, the institution has launched 27 majors, 13 minors and 8 degrees in business, technology, engineering and healthcare.

“The negative ramifications for a democracy like ours are profound in the long run. We need an educated population…and when we start cutting that back because it’s too expensive, we’re all going to pay the price.”