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The Impoverishment of the American College Student
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2019
Summary
Is the end in sight for college tuition hikes?
Tuition and fees at public colleges and universities consistently have risen twice or even three times as fast as comparable increases in the Consumer Price Index in recent years. Since 2000 these costs have even grown 60 percent faster than health care costs. The results have been rapidly rising student debt (now $1.4 trillion nationally), rising delinquencies in debt repayment, and a dysfunctional stratification of public college student bodies on the basis of family incomes. This is a broken, unsustainable model for the majority of public colleges.
Why has this occurred? The multiple causes include declining state support, the avaricious behavior of individual institutions, their reluctance to adopt productivity-increasing innovations, their cost-increasing competition for higher U.S. News ratings, and misdirected federal student financial aid policies.
The key actors are the 50,000 members of the governing boards of public colleges, who too often forget that their primary responsibility is to citizens, taxpayers, and the 15 million students. Instead, board members are co-opted by clever administrators into approving tuition and fee increases well beyond what is needed to make up for declining state funding. Concerted, informed public pressure on governors, legislators, and board members is necessary to move institutions in more positive directions.
Higher education funding and tuition and fee inflation are complicated matters that very few people understand well. The Impoverishment of the American College Student clarifies the central issues and provides plentiful data to support its key points. It is a must-read for anyone who believes that maintaining access to and the affordability of public colleges are vitally important to our society's future.
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Bibliographic data
Copyright year
2019
ISBN-Print
978-0-8157-3261-7
ISBN-Online
978-0-8157-3262-4
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
backcover1
Product type
Book Titles
Table of contents
ChapterPages
Table of Contents No access
Preface No access
Acknowledgments No access
The Spiraling Costs of Higher Education No access Pages 1 - 24
The Student Fallback Options: Loans and Debt No access Pages 25 - 50
A Rising Flood of Student Indebtedness No access Pages 51 - 68
Cross-Subsidies and Affordability in Public Higher Education No access Pages 69 - 92
A Closer Look at Redistributive Student Pricing No access Pages 93 - 130
College Endowments and Tuition: Should There Be a Tighter Connection? No access Pages 131 - 148
Declining State Support for Education and What It Means for America No access Pages 149 - 160
William Bennett's Gauntlet: Is the Federal Government Part of the Problem? No access Pages 161 - 176
Baumol, Bowen, and the Overworked String Quartet Simile No access Pages 177 - 194
Bowen's Rule: Faculty Activity, Administrative Bloat, Amenities , and Mission and Curriculum Creep No access Pages 195 - 210
Parsing the Evidence and Evaluating Solutions to the College Cost Crisis No access Pages 211 - 244
