3 decades before, Howard R. Bowen, an economist just who offered once the chairman away from three other colleges, advised what exactly is recognized within the studies groups because Bowen’s Law. ” But never universities try their finest to store will cost you low in buy to store tuition off? No, it turns out which they do not. As the Bowen discussed: “Practical question from just what ought higher education to cost – what’s the minimal amount necessary to render features of appropriate high quality – does not enter the techniques except as it’s enforced away from the outside.” And those who provide the currency, the latest legislators and you may people and you may families whom pay university fees, have failed to test the new habit of overspend. Continue reading “It may be summarized as “Colleges improve all the money they could, and you will spend all the bucks they are able to increase”
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