Runaway College Costs: How College Governing Boards Fail to Protect Their Students

Title

Runaway College Costs: How College Governing Boards Fail to Protect Their Students

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In the United States, college costs, especially tuition and fees, have increased much more rapidly than either the overall Consumer Price Index or median household income. This cost inflation has effectively closed the doors of higher education to many qualified students and contributed to a staggering $1.5 trillion in student debt. Additionally, the number of college enrollments in the United States actually declined for eight straight years between 2011 and 2019, as college student bodies became increasingly stratified on the basis of family incomes.

Virtually every public college cost increase, however, requires a positive vote from each university's governing board―and the record shows that these votes are nearly always unanimous. In Runaway College Costs, James V. Koch and Richard J. Cebula argue that many trustees have forgotten that they should act as fiduciaries who represent the best interests of students, parents, and taxpayers. Instead, Koch and Cebula explain, too often many trustees prize size and more prestigious rankings over access and affordability. These misplaced priorities make them vote in favor of ever more plush facilities, expensive intercollegiate athletic programs, administrative bloat, and outdated models of instruction and research. … [Amazon.com]

ISBN

9781421438887

Publication Date

10-2020

Publisher

Johns Hopkins University Press

City

Baltimore, MD

Disciplines

Education Economics | Higher Education | Higher Education Administration

Runaway College Costs: How College Governing Boards Fail to Protect Their Students

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