MSSU won’t be penalized like Western for increase

Sympathetic to the losses due to the tornado in Joplin, Mo., the commissioner of higher education will not penalize the university located there for its tuition increase, which exceeds state law requirements, reports News-Press Now. Missouri Southern State University officials sought a 9.27 percent increase in its tuition, which is nearly three points higher than what Missouri Western State University officials originally requested and were denied. However, the commissioner of the Missouri Department of Higher Education will not penalize Missouri Southern…

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The university has no clothes

The notion that a college degree is essentially worthless has become one of the year’s most fashionable ideas, with two prominent venture capitalists (Cornell ’89 and Stanford ’89, by the way) leading the charge, reports New York Magazine. Pity the American parent! Already beleaguered by depleted 401(k)s and gutted real-estate values, Ponzi schemes and toxic paper, burst bubbles and bear markets, he is now being asked to contend with a new specter: that college, the perennial hope for the next generation, may not be worth the price of the sheepskin on which it prints its degrees…

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Universities on the brink

The ever-increasing cost of education is not sustainable, reports Louis E. Lataif for Forbes. Higher education in America, historically the envy of the world, is rapidly growing out of reach. For the past quarter-century, the cost of higher education has grown 440%, according to the National Center for Public Policy and Education, nearly four times the rate of inflation and double the rate of health care cost increases. The cost increases have occurred at both public and private colleges. Like many situations too good to be true–like the dot-com boom, the Enron bubble, the housing boom or the health care cost explosion–the ever-increasing cost of university education is not sustainable. Just 10 years ago the cost of a four-year public college education amounted to 18% of the annual income of middle-income families. Ten years later, it amounted to 25% of that family’s average annual income. The cost of attending a private university is about double the cost of public universities. Think of higher education as the proverbial frog in boiling water. It feels very warm and comfy but soon will be cooked…

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