Recent Posts

Costs of Higher Education

Since my oldest child is attending an “expensive” school, I’ve spent some time thinking about the cost of going to college. Using some likely assumptions, I estimate that my university sees revenues of around $107M and it pays around $96M in salary to instructional staff. That does not leave a lot of room for maintenance, staff, etc. No wonder tuition costs keep going up!
But even if the cost is reasonable, the truth is that college is just too expensive for many people, and student loans can be an unreasonable burden after graduation, not to mention a crushing burden on those who do not graduate.
We need a new funding model, higher education that is almost as good, but a lot cheaper. Bring back MOOCs!