Much has been written about the rising costs of higher education and increasing student debt levels, but hidden amid the conversation is another crisis with even more profound implications—the completion rate for today’s college students.
While students worry that they cannot afford a college education, U.S. colleges and universities know they cannot really afford to educate them either. At technology-intensive research universities, it costs three times as much to educate an undergraduate as they receive in net tuition.
The relationship between government and the university in the United States is, in the minds of many commentators, fraught.
Finding a more efficient way to deliver a truly high-quality college education is extremely difficult, but is the only way to solve the cost crisis in higher education.
