<p>Of course there is some truth to each of these 6 problems, but trust an economist to over-simplify the issues.</p>
<ol>
<li>Yes, college costs have risen faster than inflation. Colleges could probably do more to cut costs, but much of those fast-rising costs are due to the demands of students for more modern academic buildings and housing, high-tech classrooms and computer access, and higher-quality food. On top of that, public institutions have uniformly experienced deep cuts in state funding, resulting in higher tuition to make up the difference.</li>
</ol>
<p>Yes, colleges are innately inefficient. You want efficiency? It’s easy - teach students in 1,000-person lecture halls, utilizing part-time faculty and/or graduate students. Cut all programs that are expensive and have lower enrollments. That should do it.</p>
<ol>
<li>Yes, SOME students don’t work hard and SOME students don’t learn as much as they should. There has probably been some slippage in standards over the last several decades, but I suspect that a larger problem is that a higher proportion of the population is attending college. Some of those students are not well-suited to the demands of a college education, resulting in more students who are not as well-educated when (if) they graduate.</li>
</ol>
<p>We could make college more rigorous and demanding, but that would impinge on efficiency (see #1) and graduation rates (see #4).</p>
<ol>
<li>It is indeed hard to evaluate the ‘effectiveness’ of colleges, but first we should define ‘effectiveness’. At what? I presume from this article that in this case we are referring to the employment value of graduates, when compared to the value for non-graduates? I can see where this argument is going: Standardized Tests, which have, after all, worked so well in the K-12 system, right?</li>
</ol>
<p>It is so easy to decry a lack of effectiveness metrics, but what would you learn if you tried to impose them? Students graduating from Harvard will still be smart, driven and knowledgeable; students from Lower Southwest Regional State less so.</p>
<p>I also love the Return on Investment arguments. Presumably, this means that whenever a student graduates with a degree in Liberal Arts, Communications, Literature, etc., then the government has not received a sufficient ROI because the investment in the institution and the student will not yield the greatest return in the form of increased salary, right?</p>
<ol>
<li><p>It is true that some students don’t graduate or don’t graduate ‘on time’ (i.e. 4 years to a B.A.). We can work on getting students through faster and making sure that students graduate, but that will impinge on efficiency (see #1) and rigor (see #2).</p></li>
<li><p>Yes, there is not a strong correlation between the disciplines that students choose to pursue and the requirements of the job market. Relative to that job market, there is a surplus of psychology, English and Sociology majors (just to name a few), and an insufficient number of engineering, physics and mathematics majors. So, we should encourage or compel students into fields that do not interest them, or for which they have no aptitude? We could channel students into the disciplines with the highest job salaries and the highest demand, but that would increase costs (see #1) and further decrease graduation rates (see #4).</p></li>
<li><p>Federal student aid is not always well-distributed, sure. The biggest problem is the criminally-high proportion that goes to students enrolled in private for-profit diploma mills. If that aid were better channeled to students enrolled in public and non-profit institutions, we would see an increase in the number of students that are well-served by Federal financial aid. But ‘failure’? I don’t think so. There are countless students who would not have college degrees or well-paying jobs without Federal financial aid. How is that a failure?</p></li>
</ol>
<p>In short, these are all complex problems that do not lend themselves well to simple and facile statements or solutions. To be sure, these problems are exacerbated by our bad economy, which causes many of us to question whether or not a college education is worth the money. But there is a wide range of higher education institutions in this country that serve the diversity of students seeking college degrees. It is fantastic to me that yet another bean-counting economist would lump all of those institutions into 6 ‘problems’ that need ‘fixing’.</p>
<p>“For every complex problem there is an answer that is clear, simple, and wrong.”