America's colleges and universities are the best in the world. They are also the most expensive. Tuition has risen faster than the rate of inflation for the past thirty years. There is no indication that this trend will abate.
Ronald G. Ehrenberg explores the causes of this tuition inflation, drawing on his many years as a teacher and researcher of the economics of higher education and as a senior administrator at Cornell University. Using incidents and examples from his own experience, he discusses a wide range of topics including endowment policies, admissions and financial aid policies, the funding of research, tenure and the end of mandatory retirement, information technology, libraries and distance learning, student housing, and intercollegiate athletics.
He shows that colleges and universities, having multiple, relatively independent constituencies, suffer from ineffective central control of their costs. And in a fascinating analysis of their response to the ratings published by magazines such as U.S. News & World Report, he shows how they engage in a dysfunctional competition for students.
In the short run, colleges and universities have little need to worry about rising tuitions, since the number of qualified students applying for entrance is rising even faster. But in the long run, it is not at all clear that the increases can be sustained. Ehrenberg concludes by proposing a set of policies to slow the institutions' rising tuitions without damaging their quality.
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Tuition rising: why college costs so muchUser Review - Not Available - Book Verdict
Unlike businesses, which strive to keep costs at a minimum, universities must spend to make themselves as attractive as possible to their constituents. Ehrenberg, a senior administrator and professor ... Read full review
Why Do Costs Keep Rising at Selective Private Colleges and Universities?
Who Is in Charge of the University?
Wealth Is in Charge of the University?
Endowment Policies Development Policies and the Color of Money
Undergraduate and Graduate Program Rankings
Admissions and Financial Aid Policies
The Primacy of Science over Economics
Why Relative Prices Dont Matter
Information Technology Libraries and Distance Learning
The Nonacademic Infrastructure
Parking and Transportation
Intercollegiate Athletics and Gender Equity
Dining and Housing
Staying on the Cutting Edge in Science
Tenure and the End of Mandatory Retirement
Deferred Maintenance Space Planning and Imperfect Information
The Costs of Space
Academic and Administrative Issues
Internal Transfer Prices