In a recently published research paper, “Priced Out: What College Costs America,” National Association of Scholars Research Fellow Neetu Arnold examines three issues in U.S. higher education: inflated tuition, continuously expanding administrative positions, and increasing levels of student debt. She also shows how they join and reinforce each other to the detriment of America.
Cost of a Degree
Longtime Palm Beach Post columnist Frank Cerabino wrote an article last week discussing a proposal in Florida’s legislature to cut public scholarship funding to college students majoring in areas of study that do not have an immediate path to employment after graduation.
During the Democratic primary campaign for President, Senators Elizabeth Warren and Bernie Sanders made no secret that they wanted to forgive student loan debt. Since President Biden’s election, both senators have called on President Biden to discharge student loan debt, which collectively stands at $1.7 trillion.
Finding a website rich in data is a dream for a quantitative-oriented person. In my recent article about Texas 2036, I wrote that the organization’s mission is “to enable Texans to make policy decisions through accessible data, long-term planning and state-wide engagement.” I reviewed the Texas 2036 site further and found a number of interesting data reports.
In Monday’s Inside Higher Ed, Nic Ducoff (co-founder of Edmit) penned an opinion piece questioning the approach of some organizations that have attempted to calculate the ROI of college. Mr. Ducoff writes that most approaches include cost and earnings, but how those variables are determined impacts the result and how the result is presented to prospective students impacts the influence it will have on their decision making. I could not agree more.
Doug Belkin’s article in last week’s Wall Street Journal poses the big question: “Is this the end of college as we know it?” Mr. Belkin opens his article with the education paths and career paths of a married couple living in Tampa, Florida.
Dr. Robert Kelchen, an associate professor at Seton Hall University and an expert on financial aid, was commissioned to write an article about using earning metrics for accountability for Higher Learning Advocates, a bipartisan higher education advocacy group.
The latest research report from Georgetown University’s Center on Education and the Workforce, Buyer Beware – First-Year Earnings and Debt for 37,000 College Majors at 4,400 Institutions was issued this week. Authors and researchers Anthony P. Carnevale, Ban Cheah, Martin Van Der Werf, and Artem Gulish continue their analysis of the continually expanding data provided by the U.S. Department of Education’s College Scorecard that arguable began with their 2019 report, A First Try at ROI: Ranking 4,500 Colleges.
In Monday’s Wall Street Journal, investor Daniel Pianko pens an opinion piece, stating that higher education is at the stage today that the stock brokerage industry was in 30-40 years ago. (Full disclosure – Mr. Pianko is a board member of APEI, the publicly-traded education company that I led for 15 years.)
In a recent opinion piece published in USA Today, Rick Hess, Director of Education Policy Studies at the American Enterprise Institute, questions the value of attending a selective college if you’re watching online lectures from your parents’ home. Dr. Hess writes that many elite colleges market the irreplaceable experiences of living on campus and if campuses are closed in the fall, those experiences and the reasons for attending go away.