Tuition Rising: Why College Costs So Much, With a new preface

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Description

America’s colleges and universities are the best on the earth. They are also the most expensive. Tuition has risen faster than the rate of inflation for the past thirty years. There’s 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. The use of incidents and examples from his own experience, he discusses a variety 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, moderately independent constituencies, suffer from ineffective central regulate 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 want to worry about rising tuitions, since the number of qualified students applying for entrance is rising even faster. But ultimately, it’s not at all clear that the increases will also be sustained. Ehrenberg concludes by proposing a set of policies to slow the institutions’ rising tuitions without damaging their quality.

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