College Cost article
Yes...some of it is lack of General Assembly funding...but a majority is expense.
"Over the two decades he examined, tuition increased 170 percent, compared with 51 percent inflation. Yet, he said, tuition still only accounted for 40 percent of the overall increase in the cost of attendance"
He said increases in mandatory “student life” fees drove 60 percent of the rise in cost of attendance at the four-year schools.
“This is a chicken-and-egg kind of thing — what comes first, the spending or the revenues that go with it?” Maggio said.
Direct spending on instruction grew at lower rates than other costs, he said. And instruction represents a smaller proportion of total spending than it was 20 years ago.
“It’s the support costs that grew,” he said, and that was largely the result of significant capital outlay on new buildings over the past 15 years.
Good ideas in here about requiring universities to publish where the money is spent (financial aid for undergrads, post grad "stuff", extracurriculars, etc)
Not sure if that would change any minds.
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Link: $$$$
Posted: 11/16/2016 at 07:38AM