In a recent essay for the Manhattan Institute's Minding the Campus, I explain why mandating universities to spend a fixed portion of their endowments is a bad idea.
In an essay published by the Manhattan Institute's Minding the Campus, I discuss the costs of regulating higher education. I estimate that colleges spent around $25 billion in 2013-14 to comply with federal regulations. To put this figure in perspective, this amounts to around for every student enrolled and the total cost burden is roughly the size of Vermont's economy.
#Regulations #VanderbiltRegulatoryCompliance #HigherEducationPolicy #CollegeCosts
I recently spoke to Charlottesville Right Now host Les Sinclair about how recent proposals intended to address rising student debt do not address the root of the problem, which is that government entry into the student loan business has driven up the costs of college.
Here is a link to the podcast.
#CollegeCosts #StudentLoans #StudentLoanPolicy #Talkradio #BennettHypothesis
In a recent Center for American Progress report, Robert Shireman argues that the pursuit of accounting profits in the postsecondary education market is a recipe for moral hazard that needs to be heavily regulated by the state. I penned a response to Shireman's paper for the July/August edition of Career College Central magazine, arguing that Shireman's conclusions are based on misconceptions about the profit motive in higher education. Here is a link to the essay.
Minding the Campus recently published my response to an idea proposed by Kevin Carey to subject vocationally-oriented master's degree programs at non-profit colleges. I argue that the policy would be easily avoidable and likely generate unintended consequences. I propose an alternative two-tiered reform: (1) subject all colleges, regardless of profit status, to the same rules; and (2) tax all college enterprises that are regularly taxed in the private sector.
A few days ago, I posted a link to Jim Pierson's analysis of the recent ruling by the NLRB that Northwestern University football players could unionize. George Leef, writing for Forbes, argues that proceeding down this path would impose a major cost on non-athlete students and taxpayers because nobody owns universities and most college athletics programs do not make a profit. College athletics reformers would likely welcome this development as it would provide them more ammo to reprioritize education as the primary objective of colleges.
Assistant Professor of Economics at Patrick Henry College.