Posted on 12/08/2024 7:39:35 AM PST by karpov
Institutions of higher education are bracing for a crunch, if they aren’t experiencing one already. Slowing population growth, mounting skepticism of academia, and various other factors have provoked college leaders—at least perceptive ones—to craft novel strategies to navigate these perilous waters. Universities will be increasingly competing for a shrinking pool of customers in the years to come. How these institutions differentiate themselves and win over students will determine their ability to survive in the 21st century.
Universities, like firms in any stagnating market, will need to find new revenue sources or cut costs. There is no other way out of this conundrum. As Beth Akers, an economist studying higher education, has argued, the looming crunch may actually benefit students: “Higher education, the golden child of the movement to advance social mobility, has rested on its laurels and failed to incorporate innovations that will better serve students and our nation.” Necessity is the mother of invention. Declining revenues coupled with fierce competition may be what universities need to slash waste and deliver economic results for students.
In light of such shifts, a growing share of institutions are weighing the adoption of differential tuition (DT) policies. Conceptually, the model is simple. Instead of charging a flat rate for tuition regardless of major area or degree program, universities charge tuition based on the instructional costs of particular areas of study. Mechanical engineering majors, for instance, would likely pay higher tuition than English majors at a university implementing DT.
Universities are adopting DT for several reasons. For one, paying at the program level reduces if not eliminates the cross-subsidization implicit in charging a flat rate for all programs. No longer would lower-cost degree recipients pay a “premium” that partially funds more expensive degree programs. You get what you pay for.
(Excerpt) Read more at jamesgmartin.center ...
This guy should tune into the 21st century so that he can educate himself and realize how much of a problem "education" has become. Vocational schools are far superior.
The ONLY way to fix the universities is to purge the communists.
Make students pay according to the ultimate value of the student to society.
STEM degrees should cost a lot less. Doctor, RN, PA should cost a lot less.
Grievance studies, black studies, CRT studies, women’s studies, etc should cost 100x what the foregoing pay. These people are a massive net drag on our society. They don’t contribute a damned thing to improving our nation. I’d wager their long-term cost to us with their destructive beliefs and policies is a huge multiple of their “education” cost.
Remember that it’s football that pays the bills.
Remember that it’s football that pays the bills.
The margins on non-STEM programs are much higher.
That’s why Big Ed loves them.
Even if they lower the tuition on those degree programs, the non-STEM, the students will still be paying far more than the degree will ever be worth in the job market.
Unless, of course, they plan on going to work for Deep State.
Not at MIT or similar places.
On the off chance you weren’t being facetious...
We need fewer universities & more community colleges that teach actual skills.
Since it appears they are NOT being taught anything these days, charge them less.
I was a chemistry major. And I paid lab fees along with my tuition. That should have covered the cost difference between my classes and classes like medieval poetry.
Anyway, it’s a bad idea to make non-STEM classes cheaper. It will just incentivize students to go into those cheaper, yet less useful courses.
I think you would just increase the number of people getting low ROI (Return on Investment) degrees. A social science\liberal arts degree, e.g. English is easier to get then engineering\STEM degrees. Many go to college and follow the “path-of-least-resistance” toward the college degree. Decreasing the cost would make it more so! Instead of solving the problem of “costs” this would make it worse.
Garrison Keillor and The Society of English Majors approves.
Yes. Well said.
Harvard has an endowment fund of over $50 billion.
All majors should cost less. The idea of having an 18 year old sign for about $60 k with interest- and if they’re not old enough to drink, they’re not old enough to know how interest affects them- is sick. These kids are getting taken advantage of beyond reason and this demo voted Trump both genders all races
Parents advise your kids. These rip-off institutions are NOT guiding your kids. Their administrations have grown in size, in an age of computers where admin sizes should have decreased, so by their nature, they are a rip-off. They do not work for their customers any more than our congress works for tge american people. Thats about to change back to the original intent
Kids put the solo cup down. Whatever the major is, get a skill. Code, learn a language. Make sure it’s something you can live with if not love. Get an English degree but make it a second major or third. I have an English degree and it makes my life better but I have a science degree and a license that I use for a job to pay mortgage
The days of partying at a $2,000 a year school are over. The days of summer jobs helping with that are over. 2-3 majors and study through the summer.if a summer job is some enterprise or internship that’s different
Parents, be prepared to support and help these kids through this to at least 26. Calm down and let them figure out what they love to do. From an early age
That’s the only way they’re going to pay back $60- $100k
No amount of resentment, brow beating or forcing them to work at a low paying job, wasting good time will change that.
Tuition rates rise faster than the rate of inflation. Kids are getting charges too much and parents are not guiding this
Get a skill.
Remove government subsidies of colleges and let the free market work.
Of what use is a degree in English, other than to become an English teacher?
After I got my degree in Hip-Hop, jobs were few.
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