Improving the Value of Higher Education by Eliminating the Enormous Waste

29 Pages Posted: 16 Feb 2014

See all articles by Hershey H. Friedman

Hershey H. Friedman

Brooklyn College of the City University of New York

William Hampton-Sosa

City University of New York (CUNY) - Department of Finance

Linda Weiser Friedman

Baruch College, CUNY - Zicklin School of Business; CUNY - The Graduate Center

Date Written: February 13, 2014

Abstract

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

Suggested Citation

Friedman, Hershey H. and Hampton-Sosa, William and Friedman, Linda Weiser, Improving the Value of Higher Education by Eliminating the Enormous Waste (February 13, 2014). Available at SSRN: https://ssrn.com/abstract=2395633 or http://dx.doi.org/10.2139/ssrn.2395633

Hershey H. Friedman (Contact Author)

Brooklyn College of the City University of New York ( email )

William Hampton-Sosa

City University of New York (CUNY) - Department of Finance ( email )

2900 Bedford Avenue
Brooklyn, NY 11210
United States

Linda Weiser Friedman

Baruch College, CUNY - Zicklin School of Business ( email )

17 Lexington Avenue
New York, NY 10010
United States

HOME PAGE: http://cisnet.baruch.cuny.edu/friedman/

CUNY - The Graduate Center

365 Fifth Avenue
New York,, NY 10016
United States

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