Virginia, for example, spends twice as much of its state budget on higher ed than California does.
If I could swap out French higher ed today for California higher ed in 1960, would I?
FORBES: Does Higher Education Need To Go Back To The Fifties?
The most valuable of the various credits and deductions for higher ed is the American Opportunity credit.
The other dirty secret of higher ed is that it is not making society a whole lot more productive.
Ultimately, however, the problem with the higher ed sector is its inherent inefficient approach to its use of resources.
Many defenders of higher education attribute the rise in prices to an alleged decline in state appropriations to higher ed.
That said, though, there is much merit behind efforts to reduce the regulatory burden on higher ed, to put it mildly.
FORBES: Breaking News from 1636: Colleges Think Government Regulations Excessive
Rightly or wrongly, higher ed serves a number of functions (see here for a brief list of some of them).
The Walmartization of the university (also called the corporatization of higher ed) is a common complaint by some faculty.
With respect to the other (and more important and appropriate) functions of higher ed, students are not totally oblivious to the value.
When I took over the company three years ago, we knew that print textbooks would not be the future of higher ed.
According to the Organization for Economic Co-operation and Development, both the U.S. and South Korea now put 2.6% of GDP into higher ed.
And, to some degree, this cost escalation has been fueled in part by third-party payers: insurance companies for healthcare, and easy government loans for higher ed.
If this price competition has the long-run effect of containing higher ed costs in the UK, then, on balance, that will likely be a good thing.
The authors go on to paint a predictable portrait of a for-profit higher ed industry gone amok, amid giant debt, useless credentials, lobbying and ideological deregulation.
FORBES: Does Higher Education Need To Go Back To The Fifties?
And I think I enjoy learning and sharing with my peers so much because there is a gap in what is covered in traditional higher ed pubs.
One of those reasons, indeed perhaps the most crucial reason, is that the current higher ed model is, more or less, driven by a prestige-maximizing incentive.
Higher ed is taking the hint: More than 50 financial-engineering programs have sprung up, most in the last five years, according to the International Association of Financial Engineers.
One of the problems of higher ed is the fixation on its necessity, and I fear increasing tuition may just end up as another subsidy to university administrators.
FORBES: Does Higher Education Need To Go Back To The Fifties?
Another proposed gift to higher ed is student loan forgiveness.
FORBES: Don't Fear The Higher Ed Bubble, Obama Will Keep Reflating It
The higher ed world is all abuzz about the release of a brand new book by sociologists Richard Arum and Josipa Roksa, titled Academically Adrift: Limited Learning on College Campuses.
Who did free public higher ed in California benefit?
FORBES: Does Higher Education Need To Go Back To The Fifties?
When I look at the problems in the higher ed world, I see demand, supply and prices out of whack, and I see a desperate lack of innovation, diversity and real choice.
FORBES: Does Higher Education Need To Go Back To The Fifties?
The findings by Arum and Roksa are important to note, primarily because they quite clearly demonstrate a fundamental disconnect between the current higher ed system and the real educational needs of students.
The combination of shifting demographics, weaker employment opportunities, new instruction technologies, and inability to contain costs will almost certainly lead to an increasing number of institutional failures in higher ed in the coming years.
The greatest barriers to good consumer information in higher ed lie within the institutions themselves, and, until higher ed fundamentally changes and adopts an attitude dedicated to full transparency, rankings will remain the primary public source of consumer information.
And those 10 colleges by themselves represent over 1.4 million students -- fully 5 percent of the higher ed community -- so very significant players at the table today and a huge amount of energy and enthusiasm in the room.
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