Richard Vedder
Minding the Campus
A massive financial crunch has hit many schools because of sagging tuition revenue growth—reflecting falling enrollment or more aggressive discounting of tuition fees—and reduced public financial support in the form of federal and/or state aid and stagnant private philanthropy, all occurring in an environment of heightened inflationary pressures increasing the dollars needed to operate.
Higher education works hard to avoid destruction while also avoiding needed moves designed to promote efficiency coming from increased outputs or lower costs, because its “owners” lack incentives to do so.
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Violating the First Amendment will cost you. Universities and other public institutions are learning this lesson the hard way as the dust settles on a series of lawsuits brought by university faculty and staff who were punished for their comments about Charlie Kirk’s murder last September.
If Johns Hopkins University wanted to signal its seriousness about creating an alternative to the left-leaning orthodoxy that permeates higher education, it couldn’t have done better than the recent hire of economist Peter Arcidiacono.
House Republicans have now formally backed President Donald Trump in fulfilling his campaign promise to dismantle the Department of Education, voting Wednesday to advance 10 bills that would codify the White House’s efforts to disperse numerous education programs and offices to other federal agencies.