The financial crisis in higher education hurts all of us, writes professor of English, in an Inside Higher Ed op-ed. There’s one clear solution, she says.
"Soaring tuition and crushing student debt have risen faster than inflation for decades," . "Then came coronavirus, which has prompted massive college layoffs. The higher education bubble, we are told, has finally burst. It’s high time for a change, you might say, given preposterously high prices – almost $80,000 a year for some prestigious private colleges."
"Yet as anyone who has worked with a college budget can tell you, the sticker price is a mythical number. At Yale University, for example, students whose families earn under $75,000 are expected to pay zero dollars in tuition and fees. At Ithaca College, now planning to lay off up to a quarter of its faculty, 95 percent of first-year students got scholarships last year. It’s typical at private colleges to pay about half the sticker price.
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