‘College Education Is Underpriced.’ Really?

A closer look at the rationale that supports one professor’s contention

Yep, that’s the title of an op-ed in Forbes on Sept. 12, 2013. (Actually, the full title is, “There’s No College Tuition ‘Bubble’: College Education Is Underpriced.”)

Well, that contention came as a bit of shock to me, writing as I have been for many months about runaway sticker prices, and how colleges and universities need to address the issue before the federal government does it for them. What gives?

The author, Jeffrey Dorfman, a professor of agricultural economics at the University of Georgia, is a believer in the free market system and a self-described libertarian. Let’s see how his reasoning holds up.

Posted on Tuesday, September 3, 2013

Crocodile Tears

For wealthy colleges, an inability to remain need-blind? Or an unwillingness?

On Sunday 25 August, The Boston Globe ran a front-page story entitled “Colleges back off need-blind admissions.” The article describes how colleges such as Wesleyan, Williams, MIT, Cornell and the University of Virginia are reducing their commitment to meet the financial needs of the students they admit – but the story pays particular attention to Tufts University, located in the Boston suburbs.

The timing of this story is interesting, coming as it did at the end of a week where newspapers across the country were reporting on President Obama’s commitment to increase both the affordability and the practicality of a college education in America. How is it that these private schools seem to be going in exactly the opposite direction?