Wednesday, July 9, 2014

Combat higher education costs with creativity: Guest opinion

The Oregonian
July 9th, 2014

The United States has one of the most expensive higher education systems in the world.  And it's broken.  Students take too long to finish college.  Only 40 percent graduate in four years.  Employers say college graduates are ill-prepared for the workplace.  Many students cannot afford college – total student debt has risen to $1.2 trillion.  Minorities and first generation college students face enormous obstacles in attending and graduating from college.  Our faculty and administrators are the highest paid educational employees in the world.  Student dropout rates are accelerating, but their college debt continues.  Finally, trend analysis suggests all these phenomena will continue.  Unless the system is fixed, the college bubble will burst!  What can be done?
The causes of this problem are many.  States want more and better performance from their universities. Yet they are unwilling to fund them, yielding a continuous, downward trend in state support.  For the first time in 2012, universities received more income from student tuition than from state support.

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