RE: [Pen-l] Will Higher Education Be the Next Bubble to Burst?

["Carl Dassbach" <dassbach@xxxxxxx>]

My view: massive increase in "non-productive" overhead such administrators
with inflated salaries, flamboyant buildings, sports teams,
advertising/marketing, highly specialized programs that are expensive but
serve very few students and, most importantly, universities can "get away"
with it.  

CHAD
-----Original Message-----
From: pen-l-bounces@xxxxxxxxxxxxxxxxxx
[mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of raghu
Sent: Monday, May 18, 2009 1:06 PM
To: Progressive Economics
Subject: Re: [Pen-l] Will Higher Education Be the Next Bubble to Burst?

On Mon, May 18, 2009 at 7:12 AM, Louis Proyect <lnp3@xxxxxxxxx> wrote:
> With tuitions, fees, and room and board at dozens of colleges now reaching
> $50,000 a year, the ability to sustain private higher education for all
but
> the very well-heeled is questionable. According to the National Center for
> Public Policy and Higher Education, over the past 25 years, average
college
> tuition and fees have risen by 440 percent - more than four times the rate
> of inflation and almost twice the rate of medical care. Patrick M. Callan,
> the center's president, has warned that low-income students will find
> college unaffordable.


This is a subject that interests me a lot, but the article fails to
address the key question: why are college tuitions and costs
increasing at such a rapid rate??
-raghu.


--
A dyslexic man walks into a bra..
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