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“Earning a college degree clearly yields a big private benefit to the graduate since there is a large gap in earnings between someone with a college degree and someone whose education stops with high school. This wage gap has widened substantially over the past quarter century, which is one of the factors fueling an increased demand for places in four-year schools. So going to college clearly is an investment decision for each individual.”
― Why Does College Cost So Much?
― Why Does College Cost So Much?
“technology leads to lower costs when it replaces workers' salaries. It does the opposite when it requires more highly-trained workers to utilize that technology. Higher education, medicine, dentistry and the legal profession all provide examples.”
― Why Does College Cost So Much?
― Why Does College Cost So Much?
“Still, while the behavior of higher education prices is unusual, it is not all that unusual. There are other services whose prices track higher education prices quite closely.”
― Why Does College Cost So Much?
― Why Does College Cost So Much?
“Policies focused on controlling price are likely to damage the quality of our colleges and universities. They are also full of possibilities for surprising, and surprisingly harmful, “unintended consequences.”
― Why Does College Cost So Much?
― Why Does College Cost So Much?
“The view from ten thousand feet reveals that the question: “Why do higher education costs rise more rapidly than other costs?” could just as easily be phrased as, “Why do the costs of other goods and services rise more slowly than the costs of higher education?”
― Why Does College Cost So Much?
― Why Does College Cost So Much?
