Is it Possible to Reduce College Costs?
The Secretary of Education’s Commission on the Future of Higher Education recently released several studies. One of them, written by Robert C. Dickeson, deals with perhaps the most frequently discussed college topic of all – does it have to cost so much?
Higher education is very labor-intensive, so if you want to find ways to lower costs, labor is the first place to look.
Dickeson points to tenure as being one reason why labor costs are higher than they need to be. The decision to grant tenure, he notes, carries with it a price tag that often exceeds $1 million. Its effect is to reduce institutional flexibility in two ways. First, if student interest in a field declines, the school can’t readily adjust; it’s stuck with a tenured professor even if students aren’t enrolling in his courses any more. Second, a tenured professor who is no longer effective – someone who is just coasting along, putting forth a minimal effort for his students – is hard to remove. Although tenure is not an absolute job guarantee, trying to remove a professor with tenure is a costly, time-consuming task that many administrators don’t want to try.