How to Get More College Graduates

With skyrocketing college costs and dwindling state budgets, how should the United States produce more college graduates? Education research fellow Andrew P. Kelly of the American Enterprise Institute (AEI) and Kevin Carey of the New America Foundation have commissioned eleven new studies that explore ways to cut higher education costs. The papers also examine the implications that cutting costs would have on state and federal higher education policies.

Fact: The cost of college has increased by more than 400 percent in the last 25 years, yet the current administration has set a goal for the United States to regain the highest proportion of college graduates in the world by 2020. Growing student loan debt, which is now over $1 trillion, and dwindling state budgets are also major concerns.  In order for higher education to account for significant new demographic and technological changes, state and federal policies will need to adapt.

What can we do?

  • Contain costs: Make cost containment a central tenet of existing institutions by emphasizing responsible debt financing, prioritizing faculty’s teaching duties over research, and leveraging the expertise of external business consultants to identify potential avenues of cost savings.
  • 'Unbundle' the college experience: Identify the unique functions colleges perform, such as providing academic content and a marketable degree, and offer them to students separately. There is now an array of companies that provide pieces of the college experience for a fraction of the cost. One common example is the growing number of online courses offered.
  • Update an outdated accreditation model: Allow newer institutions to enter the higher education marketplace, rather than protecting the revenue structure of existing schools. Under the current system, new schools face very high barriers to entry due to rigorous accreditation regulations.

 

The papers, author biographies and related materials, are available here

Andrew Kelly is a research fellow at the American Enterprise Institute. Kevin Carey is the director of education policy studies at the New America Foundation. They can be reached through lauren.aronson@aei.org – 202-862-5904.

For additional help, other media inquiries, or to reserve AEI's in-house TV studio or ISDN facilities, please contact:

TV Jesse Blumenthal jesse.blumenthal@aei.org / 202.862.4870

Radio Michael Pratt michael.pratt@aei.org / 202.862.5823

Print or Web Jesse Blumenthal jesse@aei.org / 202.862.4870, Michael Pratt at michael.pratt@aei.org / 202.862.5823, or Veronique Rodman at vrodman@aei.org / 202.862.4871

Follow @AEInews

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Andrew P.
Kelly

What's new on AEI

image The Census Bureau and Obamacare: Dumb decision? Yes. Conspiracy? No.
image A 'three-state solution' for Middle East peace
image Give the CBO long-range tools
image The coming collapse of India's communists
AEI on Facebook
Events Calendar
  • 21
    MON
  • 22
    TUE
  • 23
    WED
  • 24
    THU
  • 25
    FRI
Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

Thursday, April 24, 2014 | 12:00 p.m. – 1:30 p.m.
Getting it right: A better strategy to defeat al Qaeda

This event will coincide with the release of a new report by AEI’s Mary Habeck, which analyzes why current national security policy is failing to stop the advancement of al Qaeda and its affiliates and what the US can do to develop a successful strategy to defeat this enemy.

Friday, April 25, 2014 | 9:15 a.m. – 1:15 p.m.
Obamacare’s rocky start and uncertain future

During this event, experts with many different views on the ACA will offer their predictions for the future.   

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.