4/15/2005

Pricing Each College Course

Show Me The Money is a great article. I wanted to run and show our administration. I don't know if they already use this to formulate the costs of each course, but if they do, why do they keep it a secret? Most people expect a profit is going to be made by a business or institution. Otherwise there would be no reason for that institution or business to provide the service. With the administration raising tuition and cutting programs, I would be very interested to see what factors they have taken into consideration. I feel that we as students are looked down upon by the administration and are left out of what costs should be cut. Instead we are just told what is going to be done with our fees rather than given a choice.

5 comments:

trudy said...

I trust the administration to do what is best for me more than I would trust a group of students. It is a business and they are trying to create more business. I doubt they would do anything on purpose that would be contrary to this, which means they want to satisfy me.

Dale said...

I agree with Trudy that adminstrators know what is best for the students and their money for the most part. It would scare me to death to see the students controlling the money. But if I were to pick who were to control the tuition and programs I would pick the business professors, along with the business students. Our professors know what is going on and know how to act. That is why I think that if the students were to be involved in that kind of group, then we would learn a ton about operating a business.

sierra said...

I agree with trudy and dale, but I do wish the students could have more of a say in these type of situations. I also trust the administration to do the best job, but I think students should be more aware of where there money is going, and why? Then the students who come to this institution can really decide if this is the right school for them to be at. If they don't like it, then they can go find some where else. I also think that letting the business professors control the issue would be a good idea. The business professors here at SUU really know what they are talking about, and I believe they would do an absolutely great job.

Dr. Tufte said...

I couldn't link to the article so I can't say much.

I will say that the pricing of state colleges is stupid on many levels. This is usually a product of state legislatures acting as if they are above basic economics. They aren't, and they get bad outcomes for acting that way. They charge low tuition, leading to shortages, as California is going through now. They also do not charge on the basis of demand, so that many popular courses are oversubscribed. Lastly, they don't attach any information about the prospective success of graduate in pricing courses.

As to putting the students in charge of anything, the problem with this is that most of them are not interested, are not committed, are only on campus for a few shorts years, and so on. That is a recipe for disaster. There is no other business in which putting the consumer in charge of the business decisions would even be considered.

Online College Consulting - Applywise said...

Each course really have different tuition fees. Some are more affordable and some are too expensive. Like a Doctor course will cost you a huge amount of money but later on this course can also give you great salary.