Last month, Amanda Ripley, writing for The Atlantic, asked a good question: why does higher education in the United States cost significantly more than in every other OECD nation except Luxembourg? Related to that: Why have college costs risen sharply over time? Unfortunately, while the questions Ripley raises are compellingly important, the answers she provided … Continue reading “Answering the Perennial Question: Why Does College Cost So Much?”
The movement to reform higher education is finally entering prime time. Although major news outlets have previously aired interviews and television segments about various aspects of higher education, the coverage seems to be reaching an all-new level. Last month, Fox News’ Tucker Carlson announced a month-long series dedicated to answering the question “is college worth … Continue reading “Higher Ed Reform Hits Prime Time”
Higher education does not produce many flashy, innovating entrepreneurs like Mark Zuckerberg, Steve Jobs, Peter Thiel, or Elon Musk. The non-profit, highly subsidized, and low-incentive culture that universities operate in promotes conformity and risk avoidance. Despite that, there are some college leaders who stand out from the rest. Paul LeBlanc, for example, has taken Southern … Continue reading “Mitch Daniels Has the Right Stuff for Purdue”
In 1987, U.S. Education Secretary Bill Bennett asserted that increases in federal student aid make it possible for universities to increase tuition. In this presentation, Jenna Robinson will describe her new paper analyzing 30 years of research on that idea, which is now called “The Bennett Hypothesis.” Click here to register. This event is a Shaftesbury … Continue reading “The Bennett Hypothesis Turns 30: How Federal Funding Drives Tuition”
Many Americans are concerned about the rise of university tuition. “The Bennett Hypothesis Turns 30,” a research paper by Jenna A. Robinson, merges findings from 25 empirical studies on the “Bennett Hypothesis”: Reagan-era Education Secretary William J. Bennett’s theory that large amounts of federal student aid drive up the cost of tuition. Executive Summary In 1987, … Continue reading “The Bennett Hypothesis Turns 30”
Businesses sometimes charge different customers different prices as a way to maximize revenue. Airlines, for example, usually charge more for seats reserved on short notice, on the theory that the traveler probably doesn’t have good alternatives and will therefore pay a high price. (Economists call it price discrimination.) Similarly, colleges and universities sometimes also charge … Continue reading “Does “Merit Aid” Make Sense?”
A University of California student group advocates funding the system with student payments after they graduate.
Economist Burton Weisbrod argues that colleges need a lot of revenue to pursue their “social mission.” But do they?
The Florida legislature voted this spring to allow three universities to raise tuition well above the average for Florida’s state universities – up to 40 percent over four years for the University of Florida and Florida State, up to 30 per cent in the case of the University of South Florida. Although Governor Charles Crist had threatened a veto, he changed his mind, and tuition is going up in the fall of 2008.
When it comes to setting tuition, who is right – the legislators, following the lead of university administrators, who want significant increases in tuition — or the governor, who signed the bill reluctantly and vetoed a system-wide 5 per cent increase in tuition this fall? (Editor’s note: The legislature eventually overrode the governor’s veto.)
House Bill 1183 would give the children of illegal immigrants the privilege of attending UNC schools and community colleges in N.C. for in-state tuition. Looks like yet another talking point used to sell us on the $3.1 billion bond referendum for higher education in 2000 could turn out to be a big fat whopper.