My view: massive increase in "non-productive" overhead such administrators with inflated salaries, flamboyant buildings, sports teams, advertising/marketing, highly specialized programs that are expensive but serve very few students and, most importantly, universities can "get away" with it.
CHAD -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: Monday, May 18, 2009 1:06 PM To: Progressive Economics Subject: Re: [Pen-l] Will Higher Education Be the Next Bubble to Burst? On Mon, May 18, 2009 at 7:12 AM, Louis Proyect <[email protected]> wrote: > With tuitions, fees, and room and board at dozens of colleges now reaching > $50,000 a year, the ability to sustain private higher education for all but > the very well-heeled is questionable. According to the National Center for > Public Policy and Higher Education, over the past 25 years, average college > tuition and fees have risen by 440 percent - more than four times the rate > of inflation and almost twice the rate of medical care. Patrick M. Callan, > the center's president, has warned that low-income students will find > college unaffordable. This is a subject that interests me a lot, but the article fails to address the key question: why are college tuitions and costs increasing at such a rapid rate?? -raghu. -- A dyslexic man walks into a bra.. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
