Archive for the 'University' Category

Feb29th2012

In Praise Of For-Profit Colleges

Tim Taylor cites a study showing:
Along with the flexibility to expand enrollments, for-profit higher education has shown considerable flexibility in teaching groups not well-served by traditional higher education. “African Americans account for 13 percent of all students in higher education, but they are 22 percent of those in the for-profit sector. Hispanics are 11.5 percent […]

Nov30th2010

In Defense Of For-Profit Colleges

One of the biggest blind spots of policymakers and pundits is the inability to take target market into account. For example, you can’t just compare the wages of employees at Hilton Hotels vs Motel 6’s and conclude that Hilton Hotels are superior because the employees are paid more. You have to take the companies vastly […]

Jun8th2010

Quote Of The Day

“In this article about college funding, Kevin Carey says something that I’ve long believed, which is that government-supported financial aid doesn’t quite work how you might imagine: colleges can just raise their prices along with any aid packages that come along. The price tag for college is not fixed, and so what looks like a […]

Dec8th2009

Quote Of The Day

“One way to quickly improve any university would be to eliminate the bottom 25 percent of teachers and replace them with online instruction from outside the university. Maybe online instructors cannot compete with high-quality in-person professors, but they can certainly replace the worst.” — Arnold Kling

May1st2008

The Cost Of University Subsidies

Thomas Sowell explains:
Those who want the government to provide subsidies to help meet the high cost of college seem not to consider whether government subsidies might have contributed to the high cost of college in the first place.
In any kind of economic transaction, it seldom makes sense to charge prices so high that very few […]

Apr23rd2008

Quote Of The Day

“I’ve been asking myself that about student loans for quite some time. It’s still not clear to me how much, if at all, they benefit the students they are supposed to help. It seems at least equally plausible that they’re simply feeding the tuition inflation which makes it impossible for a normal kid to work […]

Apr21st2008

Quote Of The Day

“I have never quite encountered an intrinsically less fair institution than the university, at least in liberal terms of egalitarianism and respect for the underclass. A full professor may damn Wal-Mart, but Wal-Mart would never get away with the two-tier system that the university in built upon: the PhD part-timer has no job security, sometimes […]

Mar17th2008

Quote Of The Day

“Not only are government subsidies for government tuition unnecessary, they also victimize the truly disadvantaged people in our society: those who lack the educational qualifications to go to college in the first place (usually due to a combination of poor public schooling and a flawed family environment). These people pay some of the taxes that […]

Mar14th2008

The Incentives To Raise Tuition

Kevin Carey, research and policy manager at Education Sector, writes in the Chronicles of Higher Education:
The fact that increased prices go hand in hand with more-selective admissions is all the better, since that leads to increased status, wealthier alumni, and higher rankings in U.S. News & World Report. In a normal market, businesses can cut […]

Oct3rd2007

Is UCLA A Charity?

Long time readers of my blog know that I strongly disagree with those who argue that Universities need more government funding - especially elite Universities like UCLA. I’ve blogged on this in depth before, see here.
Robert Reich, former president Bill Clintons labor secretary, makes similar arguments in the Los Angeles Times:
Is Harvard a charity?
Most donations […]

Aug13th2007

The Power Of Competition

Gary Becker, Nobel Laureate in economics, in response to comments on a post arguing for the privatization of highways writes:
The USPO illustrates the worst of public monopolies. It has lagged virtually all the important mail delivery innovations in recent decades. It is grossly overmanned, and its employees are often surly and unpleasant. The need […]

Jul13th2007

Abolish The SAT

So argues, persuasively and surprisingly, Charles Murray here.

Because upper-middle-class families produce most of the smartest kids, there is no way to reform the system (short of disregarding intellectual ability altogether) to prevent their children from coming out on top. We can only make sure that high-ability students from disadvantaged backgrounds realize that the nation’s best […]

Dec4th2006

Quote Of The Day

“In other words, the Law of Unintended Consequences is as work. More aid means higher tuition, so the winners from aid programs are not students so much as educational institutions that increasingly live in the lap of near-luxury. The slowdown in participation growth actually probably is a good thing –too many, rather than too few, […]

Jul3rd2006

Bipartisan Government Waste

Here is a good list of spending cuts that both Republicans and Democrats can support:
Agricultural Subsidies: Everyone’s favorite whipping boy, and for good reason. These subsidies are a handout to rich farmers, and they raise food prices for everyone. $20 billion.
Social Security for the Well-Off: Social Security is not means-tested; people with substantial retirement income […]

May3rd2006

Quote Of The Day

“Someone asked why States like New York oppose for-profit colleges? As someone pointed out, the University of Phoenix had to fight hard to get accredited in many states, and is still denied the opportunity to enroll student In New York and about fifteen other states. I suggested in my post that the answer is opposition […]

May2nd2006

Quote Of The Day

To enjoy a charitable exemption from taxes, an institution must not only have a purpose deemed worthy (such as promoting education, health, religion, the arts, and so forth), but must also devote all its resources, including income on endowment, to its charitable purpose. The nondistribution constraint is indeed constraining, because it means that the institution […]