What Boards Are Doing–and Not Doing– in Reviewing Institutional Costs

Source: Jane V. Wellman, Association of Governing Boards of Universities and Colleges, 2008

College costs–how money is spent as opposed to where it comes from–have received relatively little attention compared with other aspects of higher education finance. Instead, most media and policy attention has been focused on rising tuitions, the intense competition for admission to selective institutions, the complex system of financial aid, and the eroding share of public revenues going to higher education. These concerns are leading to a renewed focus on institutional spending–and whether more can be done to manage costs without compromising quality or access.

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