Home > Educational Leadership > New Report Describes How to Cut College Costs Through Greater Efficiencies

New Report Describes How to Cut College Costs Through Greater Efficiencies

From the Chronicle of Higher Education

Eliminating academic programs with low enrollments, trimming unnecessary administrative jobs, and increasing faculty-to-student ratios could help curb runaway costs on college campuses, according to a new report published by the American Enterprise Institute’s Future of American Education Project.

The report, “Opportunities for Efficiency and Innovation: A Primer on How to Cut College Costs,” by Vance A. Fried, a professor of entrepreneurship at Oklahoma State University, describes how inefficient spending on research, the faculty, and university-sponsored public-service programs has led tuition costs to soar over the past 20 years. “Football, good food, and hot tubs are not the reason for runaway college spending,” Mr. Fried writes. “Rather, the root cause is the high cost of performing the instructional, research, and public-service missions of the undergraduate university.”

Read the report: http://www.aei.org/paper/100230

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