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Why Does College Cost So Much?

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en Limba Engleză Paperback – 21 Aug 2014
Much of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy. Common targets of dysfunction include prestige games among universities, gold plated amenities, and bloated administration. This book offers a different view. To
explain rising college cost, the authors place the higher education industry firmly within the larger economic history of the United States. The trajectory of college cost is similar to cost behavior in many other industries, and this is no coincidence. Higher education is a personal service that
relies on highly educated labor. A technological trio of broad economic forces has come together in the last thirty years to cause higher education costs, and costs in many other industries, to rise much more rapidly than the inflation rate. The main culprit is economic growth itself.

This finding does not mean that all is well in American higher education. A college education has become less reachable to a broad swathe of the American public at the same time that the market demand for highly educated people has soared. This affordability problem has deep roots. The authors
explore how cost pressure, the changing wage structure of the US economy, and the complexity of financial aid policy combine to reduce access to higher education below what we need in the 21st century labor market.

This book is a call to calm the rhetoric of blame and to instead find policies that will increase access to higher education while preserving the quality of our colleges and universities.

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Specificații

ISBN-13: 9780190214104
ISBN-10: 0190214104
Pagini: 304
Dimensiuni: 159 x 235 x 20 mm
Greutate: 0.41 kg
Editura: Oxford University Press
Colecția OUP USA
Locul publicării: New York, United States

Recenzii

[The authors] really know what they're talking about.
A book that should be read by anyone with even a passing interest in the answer
Robert Archibald and David Feldman tackle the dominant question facing higher education leaders, state and federal policy makers, families and students, and provide striking and surprising evidence and conclusions on the much-debated question that is the title of their book. In the process of proposing a radically new way of financing college and university education, they present an elegant history of how we got here, the financial problems we currently face, and apossible way out of these dilemmas. This eminently readable book warrants the thoughtful attention of all who care (and worry) about the future of higher education.
Robert Archibald and David Feldman write calmly and rationally about an issue that too frequently generates sensationalist headlines, as well as poorly reasoned and counterproductive proposals. Whether or not you agree with the details of their ideas for reforming the way we finance higher education, you will learn from their analysis, question your pre-conceived notions, and think more clearly about how our nation can best assure that a quality higher education isaffordable for all who are equipped and motivated to benefit from it.

Notă biografică

Robert B. Archibald is Chancellor Professor of Economics and Public Policy at the College of William and Mary. Together with David Feldman, he has published widely on the economics of higher education.David H. Feldman is Professor of Economics and Public Policy, and Chair of the Department of Economics at the College of William & Mary. He has also been honored with a University Professorship for Teaching Excellence. In addition to his work with Robert Archibald on higher education he writes about the international economy.