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Why college is so expensive, and how to fix it (Synopsis) [Starts With A Bang]
“When we make college more affordable, we make the American dream more achievable.” -Bill Clinton
Over the next four years, the University of Helsinki will see its budget reduced by approximately 100 million Euros, or about 15% of its annual expenditures. As a response, it’s reducing its workforce by 980 members, a necessary cut given the budgetary changes.
Image credit: E. Siegel, created at https://www.meta-chart.com/pie, with data from University of Helsinki here: https://www.helsinki.fi/en/university/strategy-and-management/university-finance.
Yet how they chose to cut their budget provides a model for how US colleges can reduce tuition for students and improve the faculty experience: nearly 2/3 of the cuts are to full-time administrators, where virtually all university expenditure increases have taken place over the past 20+ years. By joining forces, faculty and students can end the new administrative tyranny, and make college both affordable (for students) and pleasant (for professors) once again.
Image credit: Concordia College, under c.c.a.-s.a.-3.0.
Here’s the blueprint, only on Forbes!
Source: http://scienceblogs.com/startswithabang/2016/03/01/why-college-is-so-expensive-and-how-to-fix-it-synopsis/
