In the first two parts of this series, I addressed some of the ideas regarding higher education that are being promoted by various candidates for president of the United States. In Part 1, I examined the wisdom and folly of eliminating tuition at public colleges and universities. In Part 2, I raised the inconvenient question of what problem the solution of free tuition is intended to solve – and what unintended consequences might result from such a policy. Now, in Part 3, I want to consider yet another factor that explains why there is such divergence of opinions regarding higher education on the part of our presidential candidates.
Tag Archives: Economy
Does Wealth Inequality among Universities Pose a Threat to the American Economy? (Part 4)
Pros & Cons: How America Funds Higher Ed
In the first three parts of this series, we initially looked at a report from Moody’s regarding the growing separation by wealth between a small number of extraordinarily rich colleges and universities and the very large number of institutions that are heavily dependent on tuition to fund their annual budgets. Subsequently, we reviewed the history of wealth acquisition by the very rich campuses and noted that it was a relatively recent phenomenon. Then we examined the consequence of this imbalance in wealth in terms of the long-term viability of tuition-dependent colleges and universities.
Now, in Part 4, we will consider the relationship between historic patterns of public and private financial support for higher education, and the current very high level of frustration, on the part of parents, politicians and pundits, regarding the diminishing opportunities for young people to receive a college education that is both excellent and affordable.