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7 septembre 2014

Rising college costs: Stepping back from polemics

University Business LogoBy Dennis G. Stevens. About the only thing liberals and conservatives seem to agree on is the reason for the rising cost of a college education. The only problem is that reason is dead wrong.
At a time when the gulf between liberals and conservatives seems to be wider than ever, there is one topic about which they agree: the reasons for the rising cost of a college education. Why do colleges and universities keep raising tuition, asks Timothy Noah in The New Republic? Because they can. And Allysia Finley writes in the Wall Street Journal that colleges keep raising tuition because the government continues to increase subsidies to match the rising tuition. Once again, the point seems to be that colleges and universities have been getting more expensive because they can get away with it. They don’t have to think creatively, and they don’t have to innovate. They can cater to their demanding constituencies and cling to outmoded forms of governance because the government will always bail them out. This is an attractive diagnosis of the problem, because it lends itself to easy solutions. The only problem is that it is dead wrong. There are two basic reasons for the dramatic increase in the cost of a college education: external pressures and fear.

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