Thursday, September 17, 2009

Why College Costs Rise, Even in a Recession: Where does your money go?


Paying for college is a challenge for many families around the world. There are not enough scholarships for everyone to pay for college easily. The mystery of the cost of college is that even in a recession, the costs continues to rise. Many people are wondering the same thing: Why is my money really going?

The President of Lafayette College, Daniel H. Weiss, who is an expert in medieval art, and also worked as a management consultant at Booz Allen Hamilton knows a air amount of where the money people pay for college actually goes. He says the time we have reached a roof for a 'higher' education. As tuition goes up every year, colleges and universities will need to start scaling back as there is simply nothing more they can offer.

Mr.Weiss offered several good reasons why it is hard for colleges to cut costs. It is hard to cut things such as chemistry classes and agriculture class; all of the equipment would go to waste. It is also hard to cut the teaching staff because of this. It is very hard to ask teachers to stop their research and teach an extra class, it is their life after all. It is very hard for colleges to cut costs but it is simply a necessity at this point. 



1 comment:

Matt Tardiff said...

colleges try and make themselves out to look superior to everyone else, but it's not like the 5000+ kids will stop applying because they don't have farming in their course handbook...every college has something they excel at, and that's what draws many prospective students...mr. weiss is right, colleges need to stop flaunting their money and start using it wisely.