Ask an Economist: What’s the Deal with College Tuition?

Ask an Economist: What’s the Deal with College Tuition?

I’ve written before about what I think could be called, fairly, the runaway costs of higher education. But what, I wondered, does an economics professor think of this trend?

On the one hand, viewed with an economist’s famously dispassionate eye, perhaps we’re simply seeing the true value of higher education set. On the other, as a professor of economics, there would be some skin in the game. Is this what’s best for students? For society? Continue reading Ask an Economist: What’s the Deal with College Tuition?

Bow Down to the University of Washington’s Budget Woes

Bow Down to the University of Washington’s Budget Woes

The great cry of outrage at the University of Washington’s acceptance of higher-paying out-of-state students over in-state applicants gets an economic reality check: After years of declining public support, the UW has been effectively transitioning toward becoming a prestigious private school that seeks the best students nationally and internationally. It will be a school, you suspect, that Tim Eyman would not get into. But where, then, will state students go? Continue reading Bow Down to the University of Washington’s Budget Woes