Why Not Cheaper College Tuition?

There’s no reason college cannot be cheaper; that is, if colleges were under pressure to really try to reduce costs.

Take a study done by Christopher Matgouranis, Jonathan Robe, and Richard Vedder, a Professor of Economics at Ohio University, and the director of the Center College Affordability and Productivity group.

Reporting data at the main campus, at Austin of the University of Texas, the study says tuition fees could be cut in about half by asking 80% of the faculty with the lowest teaching loads to teach half as much as the 20% with the biggest loads. The top 20% now cover 57% of the teaching.

Many professors simply do not teach but spend time on research, much of questionable utility. Also, student-teacher ratio standards make little sense, while college bureaucracies are in need of major cost-saving overhauls and streamlining which can reduce tuition levels even more. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)