Friday, December 30, 2005
Fixing Public Colleges
James Garland, President of Miami University in Ohio, has written a brilliant article laying out today's problems with public colleges and ways in which these issues can be fixed. Top of his list of prescriptions is to privatize these universities and turn state support from going directly to the schools over to students. Not to brag, but I came to the same conclusion myself when I attended George Mason University (a public school) for my masters degree. Tuition at that time was $500 a class. The cost at George Washington University (a private school) was $2,500 for the same material. My opinion was that there were plenty of people attending GMU who could afford more than $500 a class. So instead of bringing the fees down for everyone I thought that George Mason should charge more to those who earn more and give scholarships so that the less well off could attend. If we add to Mr. Garland's recommendations ending the federal government's automatic student loan guarantee then we may finally see the cost of higher education go down.