The phrase was new to me but the concept and the consequences are very familiar. William G. Bowen, in giving the keynote address at the recent TIAA-CREF Higher Education Leadership Conference, talked about students and their families underinvesting in higher education. Given the important economic and social benefits of higher education, why would there be underinvestment and how does this work? The reason for the underinvestment is simple — many families are looking for a bargain. They are looking to get the degree at a lower cost or possibly at the lowest cost possible.
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For over 90 years Murray State University has served students from the region, the nation and the world. Founded in 1922, the university has grown...
The college mushroomed from an enrollment of fewer than 500 in 1946 to more than 27,000 students today. Likewise, the curriculum expanded to include...