WHAT ABOUT THE SUPPLY SIDE?
In my last two blog posts, I have argued that college affordability is largely in the hands of higher education consumers. Only when students and families begin to change their behavior on the margin will we begin to see higher education expenditures reigned in. A recent report from educational lender Sallie Mae suggests that this […]
Texas Governor Rick Perry’s Challenge to Higher Education
Time was – boy, do I know; I was there – when a four-year University of Texas degree – food and housing included — could be had for $5000 (about $37,000 in 2012 terms). Try wrapping up a single academic year nowadays for less than 30,000 of today’s bucks. By the way, median American […]
THE (POLITICAL) COST CONUNDRUM
For higher-education analysts – or just people who’ve cogitated over higher ed – it’s not hard to discern that student aid, especially taken from taxpayers, enables colleges to raise their prices at accelerated rates. Not all observers acknowledge this reality, of course, but the logic is straightforward: If someone gives all customers more money to […]
Education Savings Accounts Could Help Parents Afford College
In the continuing quest to make college more affordable, let us now consider an innovative idea that comes to us from the arena of K-12 reform. A new report from the Friedman Foundation for Educational Choice makes the case for “a unique delivery system called education savings accounts (ESAs), which have the ability to increase […]
A Federal College Scorecard?
With rapidly rising college tuition and many graduates unable to get employment in their field, there’s a growing demand for better value for money in higher education. But a challenge for most would-be college students is how to know whether a particular college is or is not a bargain. Like buying health care or hiring […]
A $10K Degree in the Liberal Arts
In this year’s State of the State address, Governor Perry called for the state’s public universities to begin offering a BA with a total cost (including tuition, fees and textbooks) of $10,000, in contrast to the current rates of between $26,800 and $45,300. If we include the cost to taxpayers, the total bill at UT-Austin […]
Anatomy of a Revolution? The Rise of the $10,000 Bachelor’s Degree
In 2011, Governor Perry challenged Texas public higher education to develop degrees costing no more than $10,000. This year, a number of schools complied. But critics contend that these new programs attain the desired price point through tactics that do not actually reduce real costs. This criticism may miss the larger point. Until now, the debate […]
Lowering College Costs on the Margin
In an earlier blog post, I argued that the fundamental solution to the college cost problem is in the hands of students and families. They are the ones who keep saying yes to ever higher tuition and fees. They are the ones who eschew modest accommodations in favor of schools with ostentatious dormitories. They are […]
American Higher Education: Is It in Crisis?
Is American higher education in crisis? If you mean “is higher education in an unsustainable and precarious position, which will force major changes in a fairly short time period?” I suspect the answer is yes. If, however, you mean “is higher education in imminent danger of collapse or immediate radical change,” the answer is “no.” […]
A New Model for Higher Education
Wisconsin has launched a new educational model that could well be emulated throughout the country. On June 19, Governor Scott Walker, University of Wisconsin System President Kevin P. Kelly, and UW Colleges UW-Extension Chancellor Ray Cross announced a competency-based degree model that will transform higher education in Wisconsin. Called the UW Flexible Degree, “No state […]