Aligning Student and Institution Incentives in Higher Education Finance
Higher education, depending who you talk to, is a generator and transmitter of knowledge, a provider of opportunity and social mobility, a trainer of skilled workers for employers, a driver of economic development or any or all of the above. But alongside its lofty goals, it is also a big, complex $600 billion business that provides paychecks to four million people.
Sometimes what colleges and universities have to do as businesses to generate revenue is consistent with their academic goals. But often they have to choose one over the other.