“An Inside Look At College Costs”
Monday September 21st 2009, 5:14 pm
Filed under: College, Professors, Students, Tenure, University

This is a ponderable piece on the current financial situation colleges and universities have found themselves in. Who benefits from the money coming into a school? Hint: It’s probably not the faculty or the students.

Here’s an excerpt:

An interesting point to consider comes from the U.S. Department of Education, which surveyed nearly 3,000 colleges and reported, “Colleges have added managers and support personnel at a steady, vigorous clip over the past 20 years, new research shows, far outpacing the growth in student enrollment and instructors.”



Not only are the numbers of administrative personnel growing rapidly, the salaries and benefits they command are taking a large amount out of the universities’ revenues. The same cannot be said of faculty members. As an example, at Eastern Michigan University, our faculty salaries and benefits are less than 25% of the total expenses. The school has experienced a decline in instruction expenses in recent years, meaning that the core academic operations – teaching and research – are now a smaller piece of the pie. More…

Posted by Alexa Harrington

(image source)




Alexa,

I looked for a contact link, first, but my tip relates directly to the topic of this post, anyway.

First, kudos on the job you do here at Educated Nation.
We’ve completed a unique and succinct graphical time line of what U.S. college students really go through financially when securing education loans.

http://www.collegescholarships.org/blog/2009/09/24/student-loans-by-the-numbers/

Just like your blog, we put a tremendous effort into raising awareness to students. Many, unfortunately, often make financial decisions they later regret. If you feel the time line is beneficial to your audience and serves a positive social purpose, please feel free to share it with them.

Keep up the great work!

Sincerely,

Jennifer Rotman
Editor
College Scholarships.org

Comment by Jennifer 09.28.09 @ 9:52 am

This is the reason why I would want to go down the online route. Recently I have been to several websites promoting Colleges and Universities online http://www.reviewaschool.com .

I believe the DEPT of EDU is big government and they need to stay out of it. Schools are making more money using online. The cost for online is more expensive compared to campus. No building cost or heating/AC costs. Where is this money going?

Comment by Bartly 09.29.09 @ 7:00 am