While there has been much discussion in recent years about whether a college degree is still necessary for success, a new survey has found that most Americans still see the … Continue reading “College Still Has Value, but Let’s Reassess the Price Tag”
It is no secret that the economy has been rocked by the pandemic. Economic recovery over the last three years has been rocky at best. Inflation has hit four-decade highs, … Continue reading “Inflation Has Taken a Bite Out of Faculty Compensation”
It is indisputable that the U.S. faces the worst inflation in 40 years, an outcome that seemingly no one was predicting a few years ago. The impact on Americans of … Continue reading “Inflation Will Hit Universities Hard”
TANSTAAFL. There Ain’t No Such Thing As A Free Lunch. That’s the pithy way that economists convey the idea that there are always costs associated with the goods and services … Continue reading “New Study Analyzes the High Cost of College”
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.