Dr. Richard Vedder, Director of the Center for College Affordability and Productivity and Professor Emeritus of Economics at Ohio University, co-authored a guest opinion on “How to make higher ed more affordable” in the Edmondsun (OK) Sun.
A new school year is under way, which means many college students (and their parents) are again worried about things like tuition costs and student debt.
In higher education, the key to containing and reducing costs is improved productivity, meaning “doing more with less.” Yet in a new report published by the Oklahoma Council of Public Affairs, we found that Oklahoma has done the opposite.
While productivity in the entire economy has risen (and possibly even somewhat in higher education), Oklahoma has avoided this trend.Oklahoma higher education has become increasingly costly, and staff overload has led to less productivity than a decade ago. Oklahoma has more than 10 percent more non-faculty staff than the national average, adjusting for enrollments….
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