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Why Does College Cost So Much?

Amazon.com Price:  $25.00 (as of 26/04/2019 17:59 PST- Details)

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Description

Much of what is written about colleges and universities ties hastily 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 provide an explanation for rising college cost, the authors place the higher education industry firmly within the larger economic history of the USA. The trajectory of college cost is very 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 a lot more hastily than the inflation rate. The main culprit is economic growth itself.

This finding does not mean that each one is well in American higher education. A college education has grow to be 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 United States 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 in order to increase access to higher education whilst preserving the quality of our colleges and universities.

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