Economist Says U.S. Spends Too Much on Higher Education

by E Wayne Ross on November 20, 2007

The Chronicle News Blog: Economist Says U.S. Spends Too Much on Higher Education

A paper released today by Richard K. Vedder, a professor of economics at Ohio University and founder of the Center for College Affordability and Productivity, argues that, contrary to popular belief, the United States is too invested in its universities, and much of that investment is wasted. Mr. Vedder also says that most incremental appropriations to higher education lead to higher spending rather than lower tuition, and new funds often go to noninstructional purposes, such as administrative salaries, student services, fancy recreation facilities, intercollegiate athletics, and research.

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