I’m left to wonder what I’m missing. Perhaps the next unasked question is about this product we call college, the four-year bachelor’s degree. In defending the high cost of education, college and university presidents and business officers have taken everything into account except the fundamental cost of delivery. In MBA speak, the central cost driver of a college education is not health insurance, salaries, rising oil costs, or even costly academic journals. It is the four-year, 36-course structure that determines the cost of a college degree. This model, leading to annual tuitions and fees of $25,000 at public colleges and $50,000 at many private ones, crushes families with $100,000 to $200,000 in cost and debt.Is it worth the investment? Some college student loan lenders are questioning that very notion.
Tuesday, May 13, 2008
The Bachelor's Degree Is Obsolete?
From Inside Higher Ed. Maybe not obsolete, but certainly devalued and overpriced.