VACostCutting

Wednesday, April 05, 2006

Future Costs of Higher Ed

The RTD has an article on some trends in higher ed costs.

Check it out here.

2 Comments:

  • Here's a thought Chris....

    Maybe the light of the CCC should illuminate the public education system more frequently, VDOT has been reemed in the last few years.

    I would imagine there is more waste in our educatioal system.( but of course I could be wrong....)

    By Blogger republitarian, at 4/07/2006 6:57 PM  

  • I don't think it is really a question of waste in higher ed. Certainly there is some, and there always will be some in any human enterprise. (don't ever be fooled into thinking there is no waste in private enterprise, it just goes by different names.)

    The problem in higher education is multifold:

    1) It is state policy to attempt to achieve the 60th percentile of peer group for faculty salaries. Not 50th percentile, but 60th, which is the the same goal of most every other institution in the nation. Everybody is seeking to get higher than the average or the median. Further, VA law prohibits the consideration of private monies in funding recommendations....thus the faculty salary averages used for VA institutions are NOT comparable to the figures used for the peer groups.

    2) Campus administrators, including the former sec'y of finance, believe, conciously and unconciously, the costs will/must always go up. Rarely does "Cost containment" enter their vocabulary when talking about the future.

    3) it really is expensive enterprise driven primarily by salaries and contact-intensive processes. While there are changes afoot, it is still too early to assess whether distance learning and other modes of delivery will give us the outcomes we really want.

    4) The biggest problem in higher ed costs is the way the market has changed over the years. There has been a dramatic shift in expectations of who should pay for what, and what experiences and amenities are included. College is no longer viewed as a time of sacrifice.

    5) Financial aid makes students and their families insensitive to cost and price. That has allowed prices to go up more than anything.

    By Blogger Frank, at 4/10/2006 10:00 AM  

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