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And you thought health care was the priciest thing going
One of today's most e-mailed Chronicle of Higher Education articles (bearing the provocative title "Will Higher Education Be the Next Bubble to Burst?") contains a rather jarring statistic, particularly given current debates here in Washington:
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.
It also contains a characteristically interesting idea from ACTA friend Rich Vedder:
The economist Richard Vedder of Ohio University, a member of the federal Spellings Commission, offers more radical solutions. He urges that university presidents' salaries include incentives to contain and reduce costs, to make "affordability" a goal. In addition, he proposes that state policy makers conduct cost-benefit studies to see what the universities that receive state support are actually accomplishing.
Posted by Charles Mitchell on July 01, 2009 at July 1, 2009 05:10 PM
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