Going Broke by Degree: Why College Costs Too Much
Richard Kent VedderISBN: 0844741973;
The dramatic rise in university tuition costs is placing a greater financial burden on millions of college-bound Americans and their families. Yet only a fraction of the additional money colleges are collecting?twenty-one cents on the dollar?goes toward instruction. And, by many measures, colleges are doing a worse job of educating Americans. Why are we spending more?and getting less? In Going Broke by Degree, economist Richard Vedder examines the causes of the college tuition crisis. He warns that exorbitant tuition hikes are not sustainable, and explores ways to reverse this alarming trend. Vedder's research demonstrates that America?s universities have become less productive, less efficient, and more likely to use tuition money and state and federal grants to subsidize noninstructional activities such as as athletics. These factors combine to produce dramatic hikes in tuition, making it more difficult for Americans to afford college. Vedder believes that...
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