WHY DOES COLLEGE COST SO MUCH

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Why Does College Cost So Much

Author : Robert B. Archibald
ISBN : 9780190214104
Genre : Business & Economics
File Size : 54.94 MB
Format : PDF
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For much of the past century college tuition has risen more rapidly than the inflation rate. Unlike many analyses of higher education, Archibald and Feldman show how broad economic factors have combined to push up cost. These forces are largely out of the control of colleges and universities.
Category: Business & Economics

Tuition Rising

Author : Ronald G. Ehrenberg
ISBN : 0674009886
Genre : Education
File Size : 25.36 MB
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America's colleges and universities are the best in the world. They are also the most expensive. Tuition has risen faster than the rate of inflation for the past thirty years. There is no indication that this trend will abate. Ronald G. Ehrenberg explores the causes of this tuition inflation, drawing on his many years as a teacher and researcher of the economics of higher education and as a senior administrator at Cornell University. Using incidents and examples from his own experience, he discusses a wide range of topics including endowment policies, admissions and financial aid policies, the funding of research, tenure and the end of mandatory retirement, information technology, libraries and distance learning, student housing, and intercollegiate athletics. He shows that colleges and universities, having multiple, relatively independent constituencies, suffer from ineffective central control of their costs. And in a fascinating analysis of their response to the ratings published by magazines such as U.S. News & World Report, he shows how they engage in a dysfunctional competition for students. In the short run, colleges and universities have little need to worry about rising tuitions, since the number of qualified students applying for entrance is rising even faster. But in the long run, it is not at all clear that the increases can be sustained. Ehrenberg concludes by proposing a set of policies to slow the institutions' rising tuitions without damaging their quality.
Category: Education

Why Does College Cost So Much

Author : Robert B. Archibald
ISBN : 9780190214104
Genre : Business & Economics
File Size : 22.39 MB
Format : PDF, Mobi
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For much of the past century college tuition has risen more rapidly than the inflation rate. Unlike many analyses of higher education, Archibald and Feldman show how broad economic factors have combined to push up cost. These forces are largely out of the control of colleges and universities.
Category: Business & Economics

Going Broke By Degree

Author : Richard K. Vedder
ISBN : 0844741973
Genre : Business & Economics
File Size : 87.67 MB
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American universities are facing a crisis of growing magnitude. Sharply rising tuition fees have led to a rising chorus of complaints - and serious questions about the future of higher education in this country. Are tuition increases that rapidly outpace the rate of inflation pushing higher education out of reach for more and more people? Is this cost explosion a recent phenomenon? What are we getting in return for these higher tuition fees? In Going Broke by Degree, economist Richard Kent Vedder explains why costs are rising so fast and what can be done about it. He compares the underlying causes for the higher education's cost problem to that of the health care crisis. Third parties, especially governments, pay a large share of the bills for university education. The ordinary constraints on raising prices in a competitive, for-profit market environment are weak in the higher education market. The adverse consequences of inefficiency are largely absent. have become bloated. Faculties and staff have seen their compensation rising sharply in modern times. New technology is not used aggressively to reduce labor costs. Universities aggressively seek payments beyond the amount needed to provide goods and services. Price discrimination in the form of scholarships has facilitated the cost explosion as well. Vedder demonstrates that even so-called noneconomic issues - grade inflation, affirmative action problems, declining free discourse, political correctness, and the corruption of intercollegiate athletics - have a strong economic base. Vedder notes indications that changes are on the horizon. Already, non-traditional alternatives - such as for-profit universities, computer-based distance learning, and non-university certification of skills - provide some of the same essential services as universities. As universities become more tuition-driven, many of their inefficiencies will be squeezed out of the system as they struggle to survive. tenure, increasing teaching loads, paring administrative staffs, slashing costly low-enrollment programs, increasing distance learning, addressing high student attrition rates, contracting out more services, cutting costly noneducational programs of dubious worth, and altering affirmative action. Vedder suggests even more dramatic and fundamental changes, including moving to a student-based funding model (voucherization) and even privatization of state universities.
Category: Business & Economics

Paying The Price

Author : Sara Goldrick-Rab
ISBN : 9780226404486
Genre : Education
File Size : 29.65 MB
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If you are a young person, and you work hard enough, you can get a college degree and set yourself on the path to a good life, right? Not necessarily, says Sara Goldrick-Rab, and with Paying the Price, she shows in damning detail exactly why. Quite simply, college is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. Drawing on an unprecedented study of 3,000 young adults who entered public colleges and universities in Wisconsin in 2008 with the support of federal aid and Pell Grants, Goldrick-Rab reveals the devastating effect of these shortfalls. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that shocking data with devastating stories of six individual students, whose struggles make clear the horrifying human and financial costs of our convoluted financial aid policies. America can fix this problem. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. What’s not an option, this powerful book shows, is doing nothing, and continuing to crush the college dreams of a generation of young people.
Category: Education

The Road Ahead For America S Colleges And Universities

Author : Robert B. Archibald
ISBN : 9780190251925
Genre : Education
File Size : 22.18 MB
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The US higher education system is on the verge of a revolution, so some observers claim. Archibald and Feldman, leading analysts, provide an incisive overview of the challenges facing and possibilities for America's universities and colleges in their training future generations. And they demonstrate that our higher education system is resilient and adaptable enough to weather the internal, external, and technological threats without changing campuses beyond recognition. The Road Ahead for America's Colleges and Universities examines the threats posed to the current health of higher education by rising tuition and falling government support, as well as from new digital technologies rippling through the entire economy. Some predict disaster, pointing to high costs, exploding debt, and a digital tsunami that supposedly will combine to disrupt and sweep away many of the nation's higher education institutions, or change them beyond recognition. Archibald and Feldman provide a more nuanced view. They argue that the bundle of services that four-year colleges and universities provide will retain its value for the traditional age range of college students. Less certain, Archibald and Feldman argue, is whether the system will continue to be a force for social and economic opportunity. The threats are most dire at schools that disproportionately serve America's most underprivileged students. At the same time, growing income inequality reduces the ability of many students and their families to pay for higher education. Archibald and Feldman suggest a range of policy options at the state and federal level that will help America's higher education system continue to fulfill its promise.
Category: Education

Will College Pay Off

Author : Peter Cappelli
ISBN : 9781610395274
Genre : Education
File Size : 85.70 MB
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The decision of whether to go to college, or where, is hampered by poor information and inadequate understanding of the financial risk involved. Adding to the confusion, the same degree can cost dramatically different amounts for different people. A barrage of advertising offers new degrees designed to lead to specific jobs, but we see no information on whether graduates ever get those jobs. Mix in a frenzied applications process, and pressure from politicians for “relevant” programs, and there is an urgent need to separate myth from reality. Peter Cappelli, an acclaimed expert in employment trends, the workforce, and education, provides hard evidence that counters conventional wisdom and helps us make cost-effective choices. Among the issues Cappelli analyzes are: •What is the real link between a college degree and a job that enables you to pay off the cost of college, especially in a market that is in constant change? •Why it may be a mistake to pursue degrees that will land you the hottest jobs because what is hot today is unlikely to be so by the time you graduate. •Why the most expensive colleges may actually be the cheapest because of their ability to graduate students on time. •How parents and students can find out what different colleges actually deliver to students and whether it is something that employers really want. College is the biggest expense for many families, larger even than the cost of the family home, and one that can bankrupt students and their parents if it works out poorly. Peter Cappelli offers vital insight for parents and students to make decisions that both make sense financially and provide the foundation that will help students make their way in the world.
Category: Education

College Secrets

Author : Lynnette Khalfani-Cox
ISBN : 9781932450118
Genre : Business & Economics
File Size : 27.31 MB
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To properly manage college costs, you need to understand the real price tag of a higher education, including hidden fees that surprise students after they enroll in a college or university. College Secrets and its companion book, College Secrets for Teens, reveal the true costs of earning a college degree – and then provides hundreds of money-saving ideas to help students and parents reduce or eliminate these expenses. College Secrets can save you $20,000 to $200,000 over the course of a four-year education. In this book, you’ll discover: · 22 hidden costs that college officials never talk about · 24 tricks to slash in-state and out-of-state tuition costs · 7 tips to keep room and board expenses under control · 13 strategies to save money on books and supplies · 14 lifestyle costs that students must manage wisely · 6 do’s and don’ts to avoid credit card debt in college · 12 steps to boost your odds of winning scholarships · 15 common mistakes that reduce your financial aid … and much, much more! The College Secrets series is your roadmap to paying for college the smart way – with some sanity, truth and planning in the process, and without going broke or winding up deep in debt.
Category: Business & Economics

Mission And Money

Author : Burton A. Weisbrod
ISBN : 1139473506
Genre : Business & Economics
File Size : 79.39 MB
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Mission and Money goes beyond the common focus on elite universities and examines the entire higher education industry, including the rapidly growing for-profit schools. The sector includes research universities, four-year colleges, two-year schools, and non-degree-granting career academies. Many institutions pursue mission-related activities that are often unprofitable and engage in profitable revenue raising activities to finance them. This book contains a good deal of original research on schools' revenue sources from tuition, donations, research, patents, endowments, and other activities. It considers lobbying, distance education, and the world market, as well as advertising, branding, and reputation. The pursuit of revenue, while essential to achieve the mission of higher learning, is sometimes in conflict with that mission itself. The tension between mission and money is also highlighted in the chapter on the profitability of intercollegiate athletics. The concluding chapter investigates implications of the analysis for public policy.
Category: Business & Economics

The College Cost Disease

Author : Robert E. Martin
ISBN : 9781849806176
Genre : Study Aids
File Size : 38.51 MB
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College cost per student has been on the rise at a pace that matches - or exceeds - healthcare costs. Unlike healthcare, though, teaching quality has declined, and rapidly rising costs and declining quality are not trends easily forgiven by society. The College Cost Disease addresses these problems, providing a behavioral framework for the chronic cost/quality consequences with which higher education is fraught. Providing many compelling insights into the issues plaguing higher education, Robert Martin expounds upon H. R. Bowen's revenue theory of cost by detailing experience good theory, the principal/agent problem, and non-profit status. Reputation competition dominates higher education. Students and their parents, and public opinion in general, associate higher tuition with higher quality and greater accolades; price is used as a proxy for quality only when consumers are uncertain about quality prior to purchase. Higher education services are the most complex types of ?experience goods'; a service whose quality can only be determined after a purchase has been made. Applying formal economic theory to higher education, Robert Martin examines how and why attempts to control costs are controversial and the damaging effects these controversies have on institutions' reputations. Arguing that the college access problem cannot be solved until colleges and universities find a way to control their costs, this book brings to the fore the leading ideas that will bring about much-needed budgetary reform in higher education.
Category: Study Aids