Selective higher education institutions strive to be the best in every area of the institution. These institutions fundraise aggressively and use the money to improve the institutions. Funds are generally used to enhance technology, construct or renovate buildings, increase research, and to recruit top students. This gives the institutions an advantage over other institutions that may not be able to allocate a lot of resources. Since these institutions have so many upgrades and enhancements they become more attractive to parents and students. Therefore, selective private institutions can drive up the price tag on higher education in order to set themselves apart from the competition.
Colleges or universities that have limited resources should consider ways in which they can control costs without raising tuition through the roof. The system of shared governance should come into play when evaluating the spending at the institution. Academic deans should be responsible for helping to control costs campus wide, not just at the department level. Also, trustees and alumni should be key players in backing the efforts of top administrators in controlling costs. Lastly, institutions should work with their competitors to share academic and administrative resources in order to decrease spending.
Ehrenberg, R. (n.d.). Tuition Rising: Why College Costs so Much. Retrieved October 29, 2011 from http://net.educause.edu/ir/library/pdf/ffp0005s.pdf
No comments:
Post a Comment