Universities On The Brink
Louis E. Lataif,
Forbes,
Feb 04, 2011
The education funding crisis is well and truly upon us. As Forbes reports, the ever-increasing cost of education is not sustainable. So what are institutions doing? Three basic responses:
- The first is to turn to the private sector, for long a favourite move in the US, and now spreading across the world.
- A second strategy... is to increase revenues by introducing and/or raising student fees, whether through a deferred loan system or pay as you go.
- A third strategy is to reduce costs... replace permanent faculty with part-time workers, or use short-term contracts.
None of these address the underlying issues of cost, however. The first two simply raise revenues elsewhere, a temporary solution. The third simply reduces services, also a temporary solution. Via Robert Cosgrave.
- The first is to turn to the private sector, for long a favourite move in the US, and now spreading across the world.
- A second strategy... is to increase revenues by introducing and/or raising student fees, whether through a deferred loan system or pay as you go.
- A third strategy is to reduce costs... replace permanent faculty with part-time workers, or use short-term contracts.
None of these address the underlying issues of cost, however. The first two simply raise revenues elsewhere, a temporary solution. The third simply reduces services, also a temporary solution. Via Robert Cosgrave.
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