College Spending Comes Under Closer Scrutiny
Delece Smith-Barrow, The Hechinger Report
Two out of three college students now graduate with an average of nearly $30,000 in student debt, and the price of tuition continues to rise at an unsustainable rate, faster even than health care. So how do colleges spend that money?
A new web site from the American Council on Education aims to provide answers. Launched last week, HowCollegesSpendMoney.com is designed to equip the people who oversee colleges and universities with the tools to perform their own analysis of higher education spending trends. Parents and students can take advantage of it, as well, to figure out not only how much a school costs but also how much of that cost is actually spent on classroom instruction.