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ERIC Number: ED017987
Record Type: RIE
Publication Date: 1967
Pages: 22
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
PRICING PROBLEMS FOR HIGHER EDUCATION.
CARTTER, ALLAN M.
IN FEW INSTANCES IS PRICE A DECIDING FACTOR IN A STUDENT'S DETERMINING WHETHER OR NOT TO GO TO COLLEGE. IT LOOMS LARGEST TO THOSE STUDENTS WHO ARE WEAKLY MOTIVATED, TO THOSE WHO ARE ACADEMIC RISKS, AND TO THOSE WHOSE RESOURCES ARE QUITE LIMITED. COST IS A RELATIVELY MINOR CONSIDERATION IN PREVENTING BRIGHT YOUNGSTERS FROM ATTENDING COLLEGE. ONCE THE DECISION HAS BEEN MADE TO GO TO COLLEGE, HOWEVER, THE PRICE IS IMPORTANT IN ENCOURAGING APPLICATION TO A PARTICULAR INSTITUTION. AT THE INSTITUTIONAL LEVEL, HIGH QUALITY, HIGH PRICE INSTITUTIONS ARE NOT DRIVEN OUT BY POOR QUALITY OR LOW COST COLLEGES. FURTHERMORE, THE QUALITY OF PUBLIC INSTITUTIONS IN ALMOST EVERY STATE HAS BEEN RISING. FOUR CONCLUSIONS EMERGE CONCERNING THE PRICING PROBLEM FACING PRIVATE COLLEGES AND UNIVERSITIES--(1) PRIVATE INSTITUTIONAL COSTS HAVE RISEN FASTER THAN PUBLIC INSTITUTIONAL COSTS, PARTICULARLY OVER THE LAST SEVEN OR EIGHT YEARS, (2) PRIVATE INSTITUTIONAL COSTS HAVE RISEN LITTLE IN RELATION TO FAMILY INCOMES, (3) THE NUMBER OF COLLEGE STUDENTS FROM RELATIVELY AFFLUENT FAMILIES HAS RISEN TWICE AS FAST AS THE NUMBER OF PLACES IN PRIVATE INSTITUTIONS, AND (4) GREATER ECONOMIC SELECTIVITY OF STUDENTS IS OCCURRING AT A TIME WHEN MOST INSTITUTIONS WOULD PREFER TO BROADEN THE BASE FROM WHICH THEY DRAW ABLE STUDENTS. THIS PAPER WAS PRESENTED AT THE COLLEGE SCHOLARSHIP SERVICE COLLOQUIUM ON FINANCIAL AID (3D, FONTANA, WISCONSIN, MAY 22-25, 1966) AND THE COMPLETE DOCUMENT, OF WHICH THIS IS ONE PAPER, "THE ECONOMICS OF HIGHER EDUCATION," IS AVAILABLE FOR $2.00 FROM THE COLLEGE ENTRANCE EXAMINATION BOARD, PUBLICATIONS ORDER OFFICE, BOX 592, PRINCETON, NEW JERSEY 08540. (HW)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Identifiers: FONTANA