Why Are Colleges Getting So Expensive? (The Atlantic)

OpenCourseWare and MOOCs exist in a landscape of increasingly expensive higher education. The Atlantic explains the economics at work that can help us understand why colleges cost so much:

Different schools are getting expensive for different reasons… The most important reason that public schools are raising tuition is that their states are cutting education spending. The most important reason that private schools are raising tuition, however, isn’t state budgets shrinking, but rather the schools’ budgets swelling, as they spend more on research and campus amenities to attract the world’s best and brightest. To learn more, watch the video.

This video does not address the price of college after financial aid. For students planning to apply to MIT, please keep this in mind: Ben Jones, former Director of Communications for the MIT Office of Admissions, says “I still meet students who tell me they can’t apply to MIT (or to Oberlin, where I now work) because they’re certain they can’t afford it. Given how much effort these places put into broadcasting their financial aid policies, this boggles my mind. Spread the word: if you get in, MIT will make the money part work for you. Period.

3 thoughts on “Why Are Colleges Getting So Expensive? (The Atlantic)

  1. The reason college tuition is expensive is because of the commercialization of the Educational system. In the past, college was about Parents or guardians, Students, Teachers and College organizers and subsidies. But then as banks came into the system, government began to cut subsidies for education so that banks will make profit. In other to ensure that the government will not screw up the system for the banks, the notion of lower tax became attractive. If the government don’t have money to spend, loans will be taken. It sounds like conspiracy, but it is business.

  2. Universities are expensive becasue they are now administrative nightmares with students as numbers and faculty as grant getters that pour money into the administrative coffer. There are too many students, too few faculty, cheapening requirements for degrees and output that endagers the future of the country.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s