By George Leef
Wednesday, April 28, 2021
Go back to the mid-’60s in America and you’d find that
college didn’t cost so very much and hadn’t increased much over time. There
were no articles bemoaning the “unaffordability” of getting a college degree
and politicians were not promising to do something about the cost. Now,
however, college costs are a huge issue. They have been rising much more than
general inflation, and millions of graduates (also many students who didn’t
graduate) are faced with big loan debts.
What happened?
A recent study by Neetu Arnold of the National
Association of Scholars sheds a lot of light on that. In today’s Martin Center article, I reflect on her
analysis.
What I find especially worthwhile in her study is the way
Arnold connects the rising cost of attendance with the evidence of decline in
learning among college students. Higher-education officials used to have to
focus mainly on the traditional mission of college, namely to ensure that
students received a high-quality education. But once the gusher of money began,
they were free to pursue a host of other interests, including political
activism.
And what accounts for that gusher of money? Arnold looks
at the various excuses offered by the higher-ed establishment — that state
politicians became cheapskates, that higher education suffers from a ‘cost
disease’ and so on — and finds them unpersuasive. The one explanation that fits
the facts is the “Bennett Hypothesis.” That is the argument offered by former
Secretary of Education William Bennett that tuition started rising rapidly as a
result of federal student-aid programs that put money in the pockets of
students, provided that it was spent at accredited colleges.
Much of the increased cost of college is due, Arnold’s
study shows, to administrative bloat. At many schools, administrative employees
now outnumber the faculty. They’re paid very well to do jobs that have little
or nothing to do with learning.
In short, college today costs a lot more and delivers
less educational value due to government meddling.
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