Showing 45 posts tagged cost
Imagine opening a restaurant menu and finding that every dish, from the steak frites to the frisse salad, costs $14.99. It would seem odd, right? After all, buying and cooking a ribeye is more expensive than throwing some lettuce in a bowl. Charging the same for each wouldn’t make sense.
Yet, that’s pretty much how most colleges price their majors. Undergrads pay the same flat rate per credit no matter what they study, even though different courses can require vastly different resources to teach. Giant freshman lectures are cheaper to run per-student than intimate senior seminars, and reading-heavy majors like history are cheaper than lab-oriented disciplines like biology. At New York’s state colleges, to give one real-world example, advanced engineering or hard science courses cost more than five times as much to teach than low-level psychology classes. None of this tends to be reflected on tuition bills.
Should it? Would colleges, or students, be better off if higher ed finally nixed one price fits all?
» via The Atlantic