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Why college costs so much.(Culture And Society)
Why College Costs So Much Richard Vedder, Going Broke by Degree, AEI Press, June 2004 (aei.org)
For years, college costs have risen seemingly without end. Despite large increases in government aid to colleges, many families find the bills harder to pay each year. In this new study, Richard Vedder, a professor at the University of Ohio, places the blame for this situation squarely on the colleges themselves.
Falling productivity ranks first among the problems Vedder identifies. While automation and training have improved productivity in many industries, productivity has actually fallen in higher education over a generation. Because governments and private donors pay most of the cost of higher education, the incentives for fiscal restraint are nearly non-existent. The fact that most decision-makers at universities have tenure and cannot be fired makes guardians of the status quo very powerful. Universities, in addition, are spending more on research, physical plant, and athletic programs. While these things once subsidized undergraduate education, tuition now covers their cost overruns.
Many things that seem like they would minimize tuition increases do not. Greater state support for higher education, for example, doesn't typically translate into lower tuition, since research, athletics, and other programs eat up the money. Many universities, however, have become highly efficient price discriminators: They charge affluent families high sticker prices ...
- WHY COLLEGE COSTS SO MUCH.(ARTS & ENTERTAINMENT)
- Newspaper article from: Wisconsin State Journal (Madison, WI) September 26, 2004 700+ words
Byline: William Wineke Why are college costs soaring? Richard Vedder, an economics professor at Ohio University, argues that productivity in academia is falling relative to the rest of the economy...
- High college costs; educating values.(BOOKS)(EDUCATION)
- Newspaper article from: The Washington Times April 10, 2005 700+ words
...Why is college so expensive? In his provocative Going Broke by Decree: Why College Costs So Much (AEI, $25, 232 pages), Ohio University economist Richard Vedder shows that colleges will charge as much as they can get away with. The primary...
- As college costs rise, loans can take years to repay.
- Newspaper article from: South Florida Sun-Sentinel (Fort Lauderdale, FL) May 21, 2006 700+ words
...factoring out inflation. College costs and student debt have risen...necessity than a privilege. College costs have shot up in the past...typical American," says Richard Vedder, an Ohio University economics...Going Broke By Degree: Why College Costs Too Much (AEI Press, ...
- St. Louis Post-Dispatch David Nicklaus column.
- Newspaper article from: Knight Ridder/Tribune Business News August 18, 2004 700+ words
...tuition, you're probably outraged by how much college costs. If you read Richard Vedder's new book, you'll know why you're outraged. In "Going Broke by Degree: Why College Costs Too Much," the Ohio University economics...
- HOT OFF THE PRESSES.(ARTS & ENTERTAINMENT)(HOT OFF THE PRESSES)(Column)
- Newspaper article from: Wisconsin State Journal (Madison, WI) August 8, 2004 700+ words
Byline: William Wineke 'Going Broke by Degree: Why College Costs So Much' by Richard Vedder (American Enterprise Institute: $25): Economist Vedder says colleges are becoming less productive and are raising tuition...
- Needy get cost break at Emory.
- Newspaper article from: Atlanta Journal-Constitution (Atlanta, GA) January 12, 2007 700+ words
...earning $95,000 or above. Richard Vedder, economics professor at Ohio University and an expert on college costs, called Emory's plan "somewhat...taking on huge debt burdens as college costs skyrocket, he said. Emory also...
- Educators spar over Higher Education Act.(WASHINGTON update)
- Magazine article from: Black Issues in Higher Education Pekow, Charles May 19, 2005 700+ words
...playing in the hyperinflation of college costs. I also believe we need to look...courtesy of economics professor Dr. Richard Vedder of Ohio University, who stated...Going Broke by Degree. Why College Costs Too Much. He applied classical...
- Now, green' report cards for U.S. colleges.(Environment)(universities ranked on...
- Newspaper article from: The Christian Science Monitor Khadaroo, Stacy Teicher July 9, 2008 700+ words
...Joneses,a* some observers caution, it might only increase college costs at a time when affordability is a major concern. a*We...he says. Colleges do tend to compete for status, says Richard Vedder, a visiting scholar at the American Enterprise Institute...
