Home Tag "Access and Affordability"

Prelude to a Pricing Paradigm Shift

 

Ryan Craig’s opinion piece in Inside Higher Ed last week queried why tuition for online programs hasn’t tumbled given the benefits of technology and scale amassed by some of the largest online institutions. He cites several sources, including the BMO 2019 Education Industry report and a 2017 survey by WCET, noting that the average per credit, in-state cost for an online bachelor’s program is 14% higher than on-ground and that 54% of institutions are charging online students more than those on-ground.

Craig states that regardless of which survey you find most credible, few institutions are charging less for online students. He ponders why this hasn’t happened, stating that some colleges and universities are operating subscale online programs which precludes the benefits of cutting tuition. Others spend as much as $5,000-plus in marketing costs to attract and convert a person to an online student.

The Future of Financing College

Sallie Mae Annual Report

In July, 2013, Sallie Mae released its annual report, “How America Pays for College.” Ipsos Public Affairs conducted the survey, which focuses on undergraduate students, ages 18 to 24 years old. Half of the survey population were enrolled students; the other half included parents of enrolled undergraduate students. The most recent edition of the report examines how Americans paid for college for the 2012-13 academic year, most likely relevant only for “traditional” students (18-24 year olds attending college full-time after high school graduation).A

A Challenge to States

The National Center for Public Policy and Higher Education “promotes public policies that enhance Americans’ opportunities to pursue and achieve high-quality education and training beyond high school.”  The organization also “prepares action-oriented analyses of pressing policy issues facing the states and the nation regarding opportunity and achievement in higher education-including two- and four-year, public and private, for-profit and nonprofit institutions.” 

Affordability of Higher Education (Part 2)

The founder of American Military University, Major James P. Etter, was passionate about the need to provide an affordable college education to service members. We matched our tuition to the semester hour rate maximum reimbursed by the Department of Defense (DOD) which is currently $250 per semester hour. We do not charge an application or admissions fee.

Affordability of Higher Education (Part 1)

It’s almost impossible to pick up a newspaper or magazine these days without reading an article about the affordability crisis in higher education. For the past twenty years, tuitions have increased at a rate about twice that of the consumer price index. Many institutions cite the national statistics on the value of a college degree as the justification for charging increasingly higher tuition.