By Lisa Chow. In 1984, it cost $10,000 a year to go to Duke University. Today, it's $60,000 a year. "It's staggering," says Duke freshman Max Duncan, "especially considering that's for four years."
But according to Jim Roberts, executive vice provost at Duke, that's actually a discount. "We're investing on average about $90,000 in the education of each student," he says. Roberts is not alone in making the claim. In fact, it's one most elite research institutions point to when asked about rising tuition.
But just where exactly is all that money going? Michael Schoenfeld, Duke's vice president of public affairs, says for part of that answer, you need to look up: "For the first time in probably anybody's memory, there will be two cranes hovering over the main campus quad." Duke is in the process of renovating its library and dining hall; $8,000 of the $90,000 Duke spends on each student goes into building and maintaining physical infrastructure on campus. Read more...
The Wal-Mart-ization of higher education: How young professors are getting screwed
By . More and more faculty at America's colleges and universities are underpaid and undervalued. Can that change?
In 2009, Money Magazine published a survey titled “The 50 Best Jobs in America.” Their reporters analyzed job data and conducted an online survey of thirty-five thousand people, taking into account such factors as salaries, flexibility, benefit to society, satisfaction, stress, job security, and growth prospects. The proverbial college professor sat high on the list at No. 3, with a median salary of $70,400 for nine months’ work, top pay of $115,000, and a ten-year growth prospect of 23 percent. College teaching earned “A” grades for flexibility, benefit to society, and satisfaction, and a “B” for job stress, with 59 percent of surveyed professors reporting low stress. More...




