My blog discusses the important and complex subjects of college completion, college success, student risk factors (for failing), college readiness, and academic preparation. I will explore the pieces of the college puzzle that heavily influence, if not determine, college success rates.
Highly Selective and Broad Access Higher Education Are in Different Financial Orbits
The New York Times ran an article on september 10 reporting on how wealthy selective institutions defend high and rising tuitons. Two facts caught my eye. Only 3% on the nations college students are at institutions costing $25,000 dollars or more- just 75 universities control over 70% of all endowment assets! Amherst spends $80,000 a year for each pupil.
Meanwhile the California community colleges spend on average around $6,000 per fte and have almost no endowment. They charge $18 a credit hour. California State University recieved $10,600 from the state per fte in 2005. These gaps are so large between selective and broad access that it is difficult to think about any public policy that they share in common.
Labels: college costs