- Filename: tuition-rising.
- ISBN: 9780674034433
- Release Date: 2009-06-30
- Number of pages: 332
- Author: Ronald G. Ehrenberg
- Publisher: Harvard University Press
America's colleges and universities are the best in the world. They are also the most expensive. Tuition has risen faster than the rate of inflation for the past thirty years. There is no indication that this trend will abate. Ronald G. Ehrenberg explores the causes of this tuition inflation, drawing on his many years as a teacher and researcher of the economics of higher education and as a senior administrator at Cornell University. Using incidents and examples from his own experience, he discusses a wide range of topics including endowment policies, admissions and financial aid policies, the funding of research, tenure and the end of mandatory retirement, information technology, libraries and distance learning, student housing, and intercollegiate athletics. He shows that colleges and universities, having multiple, relatively independent constituencies, suffer from ineffective central control of their costs. And in a fascinating analysis of their response to the ratings published by magazines such as "U.S. News & World Report," he shows how they engage in a dysfunctional competition for students. In the short run, colleges and universities have little need to worry about rising tuitions, since the number of qualified students applying for entrance is rising even faster. But in the long run, it is not at all clear that the increases can be sustained. Ehrenberg concludes by proposing a set of policies to slow the institutions' rising tuitions without damaging their quality.
- Filename: financing-college-tuition.
- ISBN: 0844740764
- Release Date: 1999
- Number of pages: 129
- Author: Marvin H. Kosters
- Publisher: American Enterprise Institute
A college education has been the key to higher real wages and living standards. But as college enrollment has increased, so has the difficulty in paying for higher education.
- Filename: college-entry-dropout-and-re-enrollment-the-role-of-tuition-and-labor-market-conditions.
- ISBN: 9780549536086
- Release Date: 2008
- Number of pages: 56
- Publisher: ProQuest
Industrial realignment in the United States, in part stemming from liberalized international trade, has motivated policymakers to encourage 'lifelong learning' and skill retooling. In light of these discussions it is important to understand current college going behavior, with a particular focus on college entry or re-entry at older ages, which is already a nontrivial phenomenon. I estimate a dynamic stochastic discrete choice model of schooling and labor force participation decisions over the life-cycle on a sample drawn from the National Longitudinal Survey of Youth (NLSY79). Employing value function interpolation methods in solving the dynamic programming problem, I estimate the model by Maximum Likelihood. My estimates fit the observed patterns reasonably well. I then ask how enrollment behavior would change in response to alterations in people's opportunities, including subsidies targeted at individuals already in the labor market. One such simulation shows that even a policy that fully eliminates tuition for persons with at least one year of work experience will raise the number of individuals who obtain a college degree by only 2.4%.
- Filename: college-check-mate.
- ISBN: 0945981678
- Release Date: 1992-01-01
- Number of pages: 170
- Author: Deborah Klein
More than 1.7 million students start college every year, and most of them need financial aid. As federal student aid programs fail to keep pace with college tuition costs, students are increasingly turning to their college's own aid programs to help pay their education bills. This is the only book containing complete listings of innovative tuition assistance plans offered at U.S. colleges and universities. Includes full details on installment plans, guaranteed tuition plans, low interest loans, prepayment discounts, tuition freezes and equalization, achievement incentives, alumni and recruiting discounts, moral obligation scholarships, and many other sources of help. Gives the terms, award range, interest rates, loan amounts, and eligibility requirements of each plan.
- Filename: rising-public-college-tuition-and-college-entry.
- ISBN: PSU:000024507097
- Release Date: 1995
- Number of pages: 30
- Author: Thomas J. Kane
Though economists have spent the past decade analyzing the rising payoff to schooling, we know much less about the responses of youth or the effectiveness of policies aimed at influencing those decisions. States and the federal government currently spend more than $53 billion annually, hoping to promote greater access to college. This paper evaluates the price sensitivity of youth, using several sources of non-experimental variation in costs. The bulk of the evidence points to large enrollment impacts, particularly for low-income students and for those attending two-year colleges. The states have chosen to promote college enrollment by keeping tuition low through across-the-board subsidies rather than using more targeted, means-tested aid. As public enrollments increase, this has become an expensive strategy. Means-tested aid may be better targeted. However, the evidence of enrollment responses to such targeted aid is much weaker. After a federal means-tested grant program was established in 1973, there was no disproportionate increase in enrollment by low-income youth. Given the number of public dollars at stake, the two sets of results should be reconciled
- Filename: paying-the-price.
- ISBN: 9780226404486
- Release Date: 2016-09-01
- Number of pages: 368
- Author: Sara Goldrick-Rab
- Publisher: University of Chicago Press
If you are a young person, and you work hard enough, you can get a college degree and set yourself on the path to a good life, right? Not necessarily, says Sara Goldrick-Rab, and with Paying the Price, she shows in damning detail exactly why. Quite simply, college is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. Drawing on an unprecedented study of 3,000 young adults who entered public colleges and universities in Wisconsin in 2008 with the support of federal aid and Pell Grants, Goldrick-Rab reveals the devastating effect of these shortfalls. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that shocking data with devastating stories of six individual students, whose struggles make clear the horrifying human and financial costs of our convoluted financial aid policies. America can fix this problem. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. What’s not an option, this powerful book shows, is doing nothing, and continuing to crush the college dreams of a generation of young people.
- Filename: black-enterprise.
- Release Date: 1996-02
- Number of pages: 260
BLACK ENTERPRISE is the ultimate source for wealth creation for African American professionals, entrepreneurs and corporate executives. Every month, BLACK ENTERPRISE delivers timely, useful information on careers, small business and personal finance.
- Filename: saving-for-college-the-tax-code.
- ISBN: 0815339569
- Release Date: 2001
- Number of pages: 264
- Author: Andrew P. Roth
- Publisher: Taylor & Francis
Placing the recent rush to use tax incentives as a new source of student financial assistance in both its historical and theoretical contexts, this book documents the rise of tax-advantaged college savings plans and how they signal the shift to solving the challenge of middle-class affordability and its replacement of the twin goals of access and equity as public policy's greatest higher education funding priority. Including an in-depth analysis of the affordability crisis, a detailed encapsulation of the public-versus-private responsibility to pay for higher education debate and its historic roots, and the theoretical studies of student aid and the tax code, the book develops concrete definitions of the various types of tax-advantaged college savings plans, their origin and development and a detailed taxonomy of all such state-sponsored programs in the United States. Unique to this book, the taxonomy is based upon detailed State Profiles of all tax-advantaged college savings plans in existence circa 1999. Building upon the State Profiles and their taxonomic summary, the book analyzes the rhetoric of the documents surrounding each state's program's adoption in order to understand what the state's say such programs mean. Further, each program's characteristics are evaluated against a Continuum of "Publicness" in order to ascertain the state's position regarding the public-versus-private responsibility debate. The results is both a rhetorical and behavioral data set documenting the states' policy position elevating solving the challenge of middle-class affordability above the issues of access and equity. Although the concept of "publicness" is discovered to be highly ambiguous, thebook concludes with a Best Practices description of an ideal tax-advantaged college savings plan that maximizes public responsibility to pay for higher education. Such a program will be of great interest to all policy analysts and public officials concerned about maintaining the historic American commitment to access and equity.
- Filename: why-does-college-cost-so-much.
- ISBN: 9780199744503
- Release Date: 2010-11-17
- Number of pages: 304
- Author: Robert B. Archibald
- Publisher: Oxford University Press, USA
Much of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy. Common targets of dysfunction include prestige games among universities, gold plated amenities, and bloated administration. This book offers a different view. To explain rising college cost, the authors place the higher education industry firmly within the larger economic history of the United States. The trajectory of college cost is similar to cost behavior in many other industries, and this is no coincidence. Higher education is a personal service that relies on highly educated labor. A technological trio of broad economic forces has come together in the last thirty years to cause higher education costs, and costs in many other industries, to rise much more rapidly than the inflation rate. The main culprit is economic growth itself.This finding does not mean that all is well in American higher education. A college education has become less reachable to a broad swathe of the American public at the same time that the market demand for highly educated people has soared. This affordability problem has deep roots. The authors explore how cost pressure, the changing wage structure of the US economy, and the complexity of financial aid policy combine to reduce access to higher education below what we need in the 21st century labor market.This book is a call to calm the rhetoric of blame and to instead find policies that will increase access to higher education while preserving the quality of our colleges and universities.