Is higher education more like a business? No, business is more like higher ed

With college costs rising and state budgets at the breaking point, everyone is talking about how to make colleges and universities run more like businesses, says Michael Bastedo, associate professor, Center for the Study of Higher and Postsecondary Education, University of Michigan, for the Huffington Post. Although it isn’t widely recognized, colleges are already moving toward privatization. Universities long ago sold off their bookstores to Barnes & Noble, outsourced their IT to Google and Microsoft, and contracted their cafeterias to Aramark and Marriott. My own campus, the University of Michigan, has cut nearly $159 million in annual spending over the past seven years. But the real trend? Businesses are becoming more like research universities…

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