Many politicians, including senators such as Tom Harkin and Dick Durbin, have grown indignant over the allegedly vast amounts of higher education money captured by for-profit institutions via the Pell Grant program. In fact, they consider this something of a scam. The truth, of course, is that throughout its history, including now, the vast majority […]
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In his acceptance speech at the Democratic National Convention last night, President Obama promised that he would “work with colleges and universities” to slow the steady rise in tuition we have experienced, cutting the rate of increase in half. Inside Higher Ed has the story. Naturally, the president’s statement drew applause from the Democratic faithful, […]
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When asked the question, “Why do colleges keep raising tuition fees?” I give answers ranging from three words (“because they can”), to 85,000 (my book, Going Broke By Degree). Avoiding both extremes, let’s evaluate two rival explanations for the college cost explosion, followed by 12 key expressions that add more detail.
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The cost of higher education in America spirals out of control. Tuition and fees have increased fourfold in real terms in the last two decades, far outstripping the rise in the cost of medical care. At the same time, the quality of instruction plummets, thanks to declining standards, grade inflation, and the hollowing out of […]
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As a regent of the University of California (UC), I voted against “fee” increases proposed by the administration as often as I voted for them, but with each vote I realized that UC was slowly moving toward the day when basic decisions would have to be made about how the university is financed, who can […]
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The stage is now set for wide debate over mandatory student fees These are the fees that educational institutions or student governments assess students above and beyond the monies that pertain to tuition, housing, dining, and similar goods. Some of these additional fees typically fund extracurricular activities or needs such as medical services, crime victim […]
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You’ve just started your freshman year in college, so one of your first stops is the campus bookstore to pick up your textbooks. You signed up for Econ 101, where your professor has assigned one of the top-selling basic textbooks in the field: Harvard professor N. Gregory Mankiw’s 936-page Principles of Economics (South-Western/Thomson), now in […]
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