1. Can you think of the reasons behind the increase of the cost of higher education?
2. What are the challenges that students encounter to pay the tuition of higher education?
3. What are some of the solutions that may help students overcome these challenges?
4. If you could recommend one significant change to make Higher education more affordable without compromising its worth, what would it be?
Excellent question. What are the benefits being achieved with the higher monies being asked for?
Excellent question. What are the benefits being achieved with the higher monies being asked for?
I think that micro college such as the DaVinchi Coders School (https://www.davincicoders.com/) or Minerva University (https://www.minerva.kgi.edu/) mirrors the future outlook. The causes of the expensive educational costs may be figured out in this article:
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1. Can you think of the reasons behind the increase of the cost of higher education?
In several countries, higher education is still free; these countries consider it as a public good not a private good. Most countries began levying fees in the 1980s owing to Thatcherism. With regard to increase in the cost, I think it is inflation and gradual reduction of government grants. What was the cost of a coffee in 1980? And now?
2. What are the challenges that students encounter to pay the tuition of higher education?
Students and their families take on a great debt which usually is not paid. In some countries, the default rate is over 70%.
3. What are some of the solutions that may help students overcome these challenges?
Make it free. With mass higher education, standards are compromised. This is particularly seen when overseas students enroll in commonwealth universities. Many of them cannot write a sentence error free. Universities then provide them with editors to check their work. If higher education is made free but entry standards are kept, better outcomes may be achieved.
4. If you could recommend one significant change to make Higher education more affordable without compromising its worth, what would it be?
Make it free. A full discussion is here: SAMUELS, R. (2013). Why Public Higher Education Should Be Free: How to Decrease Cost and Increase Quality at American Universities. NEW BRUNSWICK; NEW JERSEY; LONDON: Rutgers University Press. Retrieved from http://www.jstor.org/stable/j.ctt5hjc0w
Dennis Mazur RE: What are the benefits being achieved with the higher monies being asked for?
Meeting the budget for the university and deficit or debt reduction for the state. However, this might be a false economy, since education may more than pay for itself in terms of its contribution to increasing GDP over the long term.
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