An interesting article relating data from a survey done at Careerbuilder.com
Cash for Grades?
On October - 3 - 2008
Of course this raises all kinds of concerns. But I like it. Not so much because of the reward (I actually very much dislike the extrinsic reward–can you say bribe?). Talk about throwing money at a problem.
But maybe this program will get people talking about the real challenges related to motivating students.
Is Higher Education Price-Gouging?
On May - 15 - 2008
Glen Beck, a commentary writer for CNN and radio talk-show host, wrote an eye opening piece recently entitled Tax-free hypocrisy from higher education. This is interesting. I had no idea.
The top five college and university endowments reported a combined value of over $100 billion at the end of 2007. That’s five funds, a hundred billion in cash. Not a nickel in tax. Not an ounce of outrage.
Harvard University, which has the largest endowment in the country, has a total of $34.6 billion. To put into perspective just how much money that is, consider that the largest charitable foundation in the world, the Bill & Melinda Gates Foundation, has a total endowment of $37.3 billion.
But while their financial statements may look similar, their missions aren’t. The Gates Foundation is working to cure malaria, develop new tuberculosis vaccines, and stop the spread of AIDS. Most of our colleges and universities are only working to spread the radical political views of some of their professors.
This point was particularily interesting:
For what’s been estimated to be about $300 million a year (less than 1 percent of their endowment’s value) Harvard could completely waive tuition, room and board for every single one of their students. Instead, they announced an increase in those fees of about 3.5 percent for next year. Being a student at Harvard will now cost a staggering $47,215 a year.
Now I’m starting to get mad.