June 5, 2008
Lessons From For-Profit Institutions About Cutting College Costs
It's not just the climbing walls and the salaries for star professors that are driving up the cost of college. In some cases, costs go up because the culture and management of traditional institutions are simply not structured to promote efficiency and savings.
At for-profit colleges, it's a different story.
There the "incentives to save money are centralized," notes Guilbert C. Hentschke, a professor of education at the University of Southern California and