$10,000 Degree Bill Puts Overdue Focus On College Efficiency

Ann McClure's picture

Higher education has become an almost exclusive gateway to a middle-class income in our modern world, even as the ever-rising cost drains middle-class families' assets, saddles young graduates with massive student loans, and effectively bars the door to many working-class and poor young adults.

Just how much has tuition risen? According to a Bloomberg report last year, 1,120 percent since 1978 — an increase more than double the pace of medical costs, which themselves have exploded beyond all reason, and four times general inflation. Tuition-paying parents are right to feel strapped.

The intense financial pressure on students and their families has led to political pressure to increase student loans, federal Pell Grants and state-funded financial aid in California, as well as to restore taxpayer financing to the universities that have raised tuition dramatically as the Legislature has cut subsidies. None of that is a bad idea, within reason. Education remains a great investment in our people and our future.

But what is all too rare is a hard look at the underlying costs themselves. As they rise, are students really getting their money's worth? And are we using our resources most effectively?

Read more

UBTech Conference, June 15-17, Orlando, FL

Learn more & register