[BostonCard]

I think it is generally accurate.  Costs have gone up largely because of increases in administrative expenses.

One reason not mentioned was Baumol's cost disease:

http://en.wikipedia.org/wiki/Baumol%27s_cost_disease

Basically, productivity in higher education has not increased all that much.  Maybe with the advent of MOOCs it will.  But while productivity has dramatically improved in many fields, education is a laggard.

BC

[BostonCard]

I think it is generally accurate.  Costs have gone up largely because of increases in administrative expenses.

One reason not mentioned was Baumol's cost disease:

http://en.wikipedia.org/wiki/Baumol%27s_cost_disease

Basically, productivity in higher education has not increased all that much.  Maybe with the advent of MOOCs it will.  But while productivity has dramatically improved in many fields, education is a laggard.

BC