Whet your appitite with these facts, courtesy of the American Action Forum:
- Since 2004, tuition and fees have increased 28%.
- The U.S. Department of Education imposes upon educational institutions a total of 85M hours of paperwork and more than 465 federal education forms annually, including 129 federal education forms for postsecondary education.
- The cost? $2.7B/year.
Research has revealed a positive correlation between total college costs and total administrative costs. Namely, the cost to attend college rises as administrative costs rise.
Now, with your appetite whetted, some additional facts:
- Between 2003 and 2012, general administrative staff at postsecondary institutions--including business and financial operations--grew 31.5%.
- In that same decade, those institutions added $4.4B in administrative expenses, rising from $7.1B to $11.5B (or, 48%+) .
- The number of compliance officers--administrators who ensure that their institutions conform with all of those federal laws and regulations--has increased 32.8% over the last 10 years. But, get this: 18% of that growth (almost 55% of it) occurred between 2010 and 2012.
So, when President Obama chortles on the stump about college costs going through the roof and that he's going to do something about it with his phone or pen, realize that he's in charge of the machinery that's driving those costs through the roof. Furthermore, the lion's share of those rising costs occurred during his watch.
Let the discussion begin...
To read the analysis published by the American Action Forum, click on the following link:
"Rising Tide of Education Rules Increase Costs."