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One of the consequences of the out-of-control spending at America’s party schools is that their alumni, faced with decades of payments for college loans, are increasingly saying no when fundraisers ask them for money. It’s easy to see why. The average college student has racked up $23,000 in student loans and $3,000 in credit card debt and . . . → Read More: College alumni donations: Once bitten, twice shy One of the major theses of my book is that the reason for the skyrocketing cost of college tuition, which is increasing faster than health care or gasoline, is because colleges are spending more and more money for student perks that have little to do with education. I’ve documented expenditures for hot tubs, climbing walls, concierge services, . . . → Read More: Colleges spending more tuition money on recreation Readers of this blog should not be surprised that college administrators often get caught with their hands in the cookie jar. After all, their quarter-million-dollar salaries and free housing makes it hard for them to make ends meet. Besides they can always just jack up the tuition price whenever they need some extra cash. But Karen . . . → Read More: College president files fraudulent expense reports — for 10 years The news this week from the Chronicle of Higher Education's annual report is that the huge pay raises doled out to college presidents are beginning to level off — at least for now. Still, in an age where parents take out second mortgages and raid their retirement accounts to come up with tuition money, it's hard . . . → Read More: Are college presidents really worth their $436,000 paychecks? In a national debate begun by the Chronicle of Eduction and continued this week in the New York Times, the question is finally being raised: Are we sending too many students to college? For me, the answer is that we are sending too many students to the WRONG KIND of college. We send too many unprepared, . . . → Read More: We’re sending too many students to the wrong kind of college It's a well-established rule of economics that the cost of living declines during a recession, so why is college tuition continuing its out-of-control surge at three times the inflation rate? Unfortunately, the reason is that uninformed parents continue to pay the predatory cost of a product that has lost its real value. The College Board released the . . . → Read More: Public college tuition is up 6.5 percent, despite decline in cost of living It's been said that California is America's future. What happens there shows where the country will be headed in five years, as the rest of us catch up. If that's true, it's very bad news for the highly paid college administrators around the country, who have been jacking up tuition at three times the inflation rate to . . . → Read More: In California, a revolt against well-paid college administrators There is new evidence this week that most of the soaring tuition rates students and parents are required to pay for college don't go towards instruction. Most of the cost, as has been reported here before, goes sdministrative salaries and construction and maintenance of all those fancy college buildings. Now we can add unproductive and superfluous college managers . . . → Read More: Most of the high cost of tuition doesn't go for instruction The National Center for Public Policy and Higher Education Policy's annual survey made headlines last week when it found that as more and more people thought college was essential for success, they also felt that access to it was becoming more difficult. Hidden deep inside the report, however, was an interesting and little noted statistic: A majority . . . → Read More: Majority thinks higher education is too costly and inefficent It seems to have taken a major economic meltdown for education officials to get the message, but there are clear signs that some of them are hearing it. "College costs too much money!" Pennsylvania seems to be listening closely to consumers and has approved a plan to separate a college education from the . . . → Read More: Pennsylvania to try a “no frills” college program |
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