Young America's Foundation

Join Our Email List

  • New Guard Inner
  • The Economist

    College has never been so costly and debt-inducing for students. The cost of college tuition has gone up five times faster than inflation in the last thirty years and continues to skyrocket.

    Average graduating college debt is almost $27,000, yet college keep finding new ways to raise costs.

    Not that academia will listen, but The Economist published a great article on how universities can actually cut costs:

    DEREK BOK, a former president of Harvard, once observed that “universities share one characteristic with compulsive gamblers and exiled royalty: there is never enough money to satisfy their desires.” This is a bit hard on compulsive gamblers and exiled royals. America’s universities have raised their fees five times as fast as inflation over the past 30 years. Student debt in America exceeds credit-card debt. Yet still the universities keep sending begging letters to alumni and philanthropists.

    This insatiable appetite for money was bad enough during the boom years. It is truly irritating now that middle-class incomes are stagnant and students are struggling to find good jobs. Hence a flurry of new thinking about higher education. Are universities inevitably expensive? Vance Fried, of Oklahoma State University, recently conducted a fascinating thought experiment, backed up by detailed calculations. Is it possible to provide a first-class undergraduate education for $6,700 a year rather than the $25,900 charged by public research universities or the $51,500 charged by their private peers? He concluded that it is.

    Full article: *The Economist*

    • Readers' Comments

    • Hello,I just wanted to note two thngis.1. LinkedIn now provides a portfolio app (via Behance) to show your work on LinkedIn.&2. That ACU Art & Design Alumni have created a Behance Group to shae visual work within the community.All the best,Jacob
      Posted by Lisa on 02/14/2013
    • UnPSPe , [url=]ypxhaiqbnexm[/url], [link=]mkbjzjgrbahh[/link],
      Posted by dmloshydanr on 02/16/2013
    • 3WKeKa , [url=]rrzilhasiigx[/url], [link=]rjkjrszufcwg[/link],
      Posted by pxqqhixqarq on 02/18/2013
    • Joseph, Shorter has removed its pulbic complaint form. That is a violation of SACS policies. You'll find the form in the Documents section of this website. Please send it return receipt requested and keep a copy for your files. All complaints must be available for SACS inspection by Shorter.
      Posted by Ripal on 08/12/2013
    • I am deeply<a href=""> seeadndd</a> by the results of the budget/trustee vote last night. It was, unfortunately, a case where democracy was served, but the needs of the children were ignored. We live in a country where majority rules but the majority appear not to have our future or our children's future at heart. I am heartened to know that such groups as CCOE and Preserve Ramapo are taking a stand, and not letting us be bullied in silence, either by paid politicians or by fanatics with no regard for any but their own culture.In the end, we must all be vigilant and report any questionable practices to the NY State Education Department and to the Attorney General's office. We will get little support on a local level.
      Posted by Mayara on 08/12/2013
    • Jul24 I've seen a nubmer of Custom QR Codes and have had a nubmer done for my businesses but these designs do turn QR Codes into an art form, well done QR Arts you rock! [url=]aniezjib[/url] [link=]rmithgq[/link]
      Posted by Jhonn on 08/13/2013
    • OK< this is VERY cool both the skate session and the fact that you got the cover of the byu mag! I love that you didn't even know it was going to be on the cover. I'm an alum, too, so<a href=""> corgnats</a>, my friend! you must have had a blast photographing this couple. they will ALWAYS treasure these images! Des
      Posted by Alexander on 08/14/2013
    • m7vZSB This is one awesome article.Really looking forward to read more. Really Great.
      Posted by 969410 on 09/05/2013
    • OtFEdG Appreciate you sharing, great article post. Great.
      Posted by 4642 on 10/15/2013
    • u2tRUZ Say, you got a nice blog.Thanks Again. Really Great.
      Posted by 22536 on 04/20/2014
    • B1FpwJ I am so grateful for your article post.Much thanks again. Great.
      Posted by 29847 on 06/17/2014
    • NqSdPT I really like and appreciate your blog post.Really thank you! Awesome.
      Posted by 76996 on 07/19/2014
    • a0supy <a href="">osmpgivwqmnh</a>, [url=]yayejrwgztnk[/url], [link=]qdyizqpmmpzg[/link],
      Posted by wcmferz on 09/19/2014
    Leave a comment
Copyright 2014 Young America's Foundation | 11480 Commerce Park Dr., Suite 600, Reston, VA 20191-1556 | Ph. 1.800.USA.1776 | Fax 703.318.9122 | |