Improving the Value of Higher Education by Eliminating the Enormous Waste
29 Pages Posted: 16 Feb 2014
Date Written: February 13, 2014
The government is spending a great deal of money in an effort to improve the completion rate of college students. So far, despite vast amounts of money spent, the six-year completion rate is a dismal 54%. This paper examines various solutions to this problem as well as how to reduce the great amount of waste in higher education.
Keywords: Completion rate, administrative bloat, responsibility center management, reducing waste in education.
JEL Classification: C00, C10, C40, I20, L15, L21, L82, L86, M31, M37, O3
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