Tuition Trauma

Posted on Apr 23, 2009 | 4 Comments

In the next couple of weeks, high school seniors across the country will decide where they’ll be attending college—assuming they can afford it. More and more families are feeling the squeeze, as the cost of a four-year institution has more than doubled at the same time that middle-class incomes have risen by just 10%. In this edition of Drucker Apps, you’ll find tools that will help you understand why this trend is so worrisome (and yet why it may not abate), the important role of community colleges, and how higher education may evolve. These insights—at once timely and timeless—are based on the ideas and ideals of the late Peter F. Drucker, the father of modern management.

The ever-higher cost of higher education

“Do you realize that the cost of higher education has risen as fast as the cost of healthcare?…Such totally uncontrollable expenditures…means that the system is rapidly becoming untenable. Higher education is in deep crisis.”— Peter F. Drucker, as quoted in The Chronicle of Higher Education

  • Why skyrocketing prices are putting universities in danger. Read more here.
  • The risk of overreacting to sticker shock. Watch Pomona College President David Oxtoby weigh in here.

The university as gatekeeper to life

“Few organizations in history have been granted the amount of power that today’s university has. Refusal to admit or to grant the diploma is tantamount to debarring a person from access to a career.”

— Peter F. Drucker, Post-Capitalist Society

The community college as an answer

“The community college was actually designed…to educate technologists who have both the needed theoretical knowledge and the manual skill. On this, I am convinced, rests both the still huge productivity advantage of the American economy and the…American ability to create, almost overnight, new and different industries.”

— Peter F. Drucker, Management Challenges for the 21st Century

Will there still be ivy if there are no walls?

“The college won’t survive as a residential institution. Today’s buildings are hopelessly unsuited and totally unneeded.”— Peter F. Drucker, “Seeing Things As They Really Are,” Forbes

  • Will the campus really become a relic? Click here to read more.
  • Are online universities the face of the future? Listen to Capella University founder Stephen Shank‘s view.

4 Comments

  1. Tomiko Cauffman
    November 30, 2010

    I realy like this innovative angle that you have on the subject. Certainly wasn’t thinking on this at the time I begun searching for tips. Your ideas was totally easy to understand. Im glad to find that there’s an person online that obviously understands on the spot what its is talking about.

    Reply
  2. The ROI on That Sheepskin | The Drucker Exchange
    May 12, 2012

    [...] Drucker thought about education all his life. He also, as we’ve pointed out a number of times, thought a lot about paying for it. One of his most extensive considerations of the [...]

    Reply
  3. Must All Roads Go Through Harvard Square? | The Drucker Exchange | Daily Blog by The Drucker Institute
    November 23, 2012

    [...] come not from four-year universities but from institutions like community colleges. And, as we’ve noted before, Drucker considered America’s community colleges—less intensive and much less expensive—to be [...]

    Reply
  4. MOOCs to the Rescue? | The Drucker Exchange | Daily Blog by The Drucker Institute
    February 8, 2013

    [...] center’ that transmits information, rather than a place that students actually attend?” And (as we’ve noted) in 1997, he went so far as to assert: “The college won’t survive as a residential [...]

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