Why are American universities so expensive?- McGill Tribune column

Something less controversial for the second piece:

“While private American universities certainly represent the highest end of the tuition spectrum, universities overall in the United States are expensive compared to other developed nations. However, it bears noting that the astronomical figures often quoted in the public debate can be misleading; unlike in Canada, the sticker price of tuition is not paid by most students in the U.S. Indeed, while the list price has risen well past the rate of inflation nationwide, the average actual price paid by students—across all types of universities—has actually stayed steady over the past 10 years, growing from $12,650 in 2001-2002 to $12,950 this past year.

However the discrepancy between this supposed sticker price and the actual price paid by students by no means signifies that the American university system is working. Rather, the extremely inefficient scaling of tuition is merely a manifestation of the system’s dysfunction. This price discrimination is examined under the Bennett Hypothesis, named after the Reagan-era Education Secretary William Bennett.”

Read more here: http://mcgilltribune.com/?p=15874


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