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Around the nation, parents of college students are grumbling as they write ever-bigger tuition checks. As a college professor, I have been amazed for years by the unbusinesslike nature of universities, their inefficiencies, and their utter lack of accountability for the resources entrusted to them.
Here are ten major sources of today's runaway college tuition costs:
1) Over the past two decades, while the price of clothing has risen 20 percent, food 81 percent, and medical care a whopping 191 percent--college tuition has gone up by 289 percent, according to the Bureau of Labor Statistics. College tuition costs have risen more than any major component of ...