The U.S. News & World Report on Education have reported that increases in higher education spending at public institutions are compelled mostly by top administration, maintenance, and student services costs. As I mentioned in another post, higher education administrators really need to increase their awareness of trends in higher education. One thing that can be done to decrease spending is to cut spending in administration. Institutions should only spend what is necessary to the success of the institution. In the same manner, construction projects and student services should also develop strategic plans for saving dollars. For example, institutions should only work on construction projects that are absolutely necessary such as rebuilding a ramp that is wheelchair accessible. Since these areas are the biggest areas that effect spending the policies and procedures in these areas should definitely be re-evaluated.
Clark, K. (2009). The Surprising Causes of Those College Tuition Hikes. U.S. News & World Report Online. Retreived October 27, 2011 at http://www.usnews.com/education/articles/2009/01/15/the-surprising-causes-of-those-college-tuition-hikes
College Board (2011). Trends in College Pricing 2011. Retrieved October 27, 2011 at http://trends.collegeboard.org/downloads/College_Pricing_2011.pdf
Supiano, B. (2011). Rise in Sticker Price at Public Colleges Outpaces That at Private Colleges for 5th Year in a Row. Chronicle of Higher Education Online. Retreived October 26, 2011 at http://chronicle.com/article/Rise-in-Sticker-Price-at/129532/