Attention Economy


Friday, June 30, 2023

Truth about College Costs

The Truth about College Costs
https://www.nationalaffairs.com/publications/detail/the-truth-about-college-costs
Americans think college tuition is rising out of control. But it would be more accurate to say that tuition rates are dishonest and indecipherable. They are distorted by a system that deliberately lists tuition levels much higher than what students pay, causing needless anxiety for millions of families, forcing college leaders onto an annual high-sticker-price/high-discount merry-go-round, and distorting our debates about student debt.

College prices aren’t skyrocketing—but they’re still too high for some
https://www.brookings.edu/research/college-prices-arent-skyrocketing-but-theyre-still-too-high-for-some/ 

One Culprit in Rising College Costs: Administrative Expenses
https://www.usnews.com/education/articles/one-culprit-in-rising-college-costs
“The steady growth in administrative and nonteaching staff positions is largely due to broader student support, often referred to as “wraparound services,” in areas such as mental health, entertainment, intramural sports, academic support, workforce preparedness and initiatives focused on diversity, equity and inclusion. Administrative positions in these areas typically are salaried rather than hourly or part-time, and are increasing while the ranks of tenured faculty are flat or declining along with secretarial, maintenance, groundskeeping and other such jobs, experts note”. 

Related:
My take: Health care and higher education: Key drivers of long-term inflation
https://thehill.com/opinion/finance/591995-health-care-and-higher-education-key-drivers-of-long-term-inflation