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Are Arms Races in Higher Education a Problem?

Are Arms Races in Higher Education a Problem?

Title:Are Arms Races in Higher Education a Problem? (ID: FFP0412S)
Author(s):Robert Frank (Cornell University)
Topics:Financial Planning, Higher Education Funding, Higher Education Transformation, Students, Universal Access
Source:EDUCAUSE, Forum for the Future of Higher Education
Origin:Forum for the Future of Higher Education (2004)
Type:Articles, Papers, and Reports
Abstract:Economic reward for elite educational credentials has jumped sharply in recent decades leading to a variety of positional arms races that have increased costs sharply and threatened the continued viability of need-based financial aid. The recent growth in income and wealth inequality makes the case for cost containment and need-based aid more compelling then ever.
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