Discussion: Labor Markets

In this module we learned that, despite increases in the cost, the value of higher education has increased over time. How can college be made more affordable? Revenues earned by colleges and universities come from three main sources:

Tuition and fees paid by students, which have increased faster than the cost of living.
Support from governments at the federal, state and local levels. This support is paid for through tax revenues. Even private colleges and universities obtain funding from the government, but government support has declined at all levels in recent years.
Alumni contributions.

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What has caused the cost of college to increase so much? (Not every college has a fancy gym or an Olympic sized pool with a lazy river.) What features of your college education would you be willing to do without to make college more affordable?

What do you propose should be done to make higher education more affordable? What reasons can you provide to support your argument?

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