Cutting Costs Is Possible. These Schools Did It.

As the stock market gyrates and talk of a new recession begins, many universities have reason to worry. The cost of college education hasn’t stopped rising, students are fearful of being burdened by debt, and political pressure is beginning to weigh in. Congress is entertaining a bill that would require 25 percent of a school’s endowment spending to go toward student financial aid, and several presidential candidates have unveiled plans to solve the student debt crisis. At the state level, the return of state support to its pre-recession levels may be in jeopardy. But a few universities have chosen to take a different route. In addition to looking for more state revenues, they’ve found ways to reduce their expenditures and to ease the financial burden on students.


It is possible to control college costs—and I did it

Many college leaders speak as though the upward cost spiral is permanent and unavoidable. From experience, I can say that’s not true.

Tuition increases at American colleges began in earnest in the 1960s and ’70s, when I was a mathematics professor and later dean at C.W. Post College. The first changes driving the increases were the reductions in teaching loads.