Catharine Bond Hill: Higher Ed’s juggling act — Giving more low- and middle-income students better opportunities, while still cutting costs
“Many colleges and universities are in desperate need of reform. They face challenges with high sticker prices, higher discount rates and even higher financial need from students. Combine these with increases in faculty salaries, the cost of benefits, and deferred maintenance, and the current equation for many institutions is irreconcilable. While the academy addresses expenditures, it must not make cuts on the backs of the neediest students. It is in everyone’s interest to evolve and find sustainable ways to control costs, maintain quality, and improve educational attainment.”