The Cost of Opportunity

commoditiesWe’ve all heard it so many times that we don’t even notice it anymore:  Education is a commodity.  College is an investment in your own human capital. Students are consumers, savvy individuals who bear the risks and rewards of their own investments.  Student loans are the cost of opportunity.

But this familiar “Education is a Commodity” refrain is not a benign turn of phrase.    Using the language of the market to describe higher education is driving the disastrous rise in student debt.

Why?  Because we can draw a direct line between Continue reading

Food for Thought: Perpetual Bonds for Funding Higher Ed

Could perpetual bonds be an effective funding mechanism for higher ed?  Our former colleague Danny Bradlow has published a thought provoking piece explaining how it would work in South Africa.

epa04988705 Some of the thousands of students from Wits University demonstrate during another day of protest against fee increases at their university, Johannesburg, South Africa, 22 October 2015. The Wits students have been demonstrating for days against a proposed fee increase and has spread to other major universities in the country. South African students continued with their campaign across the country enforing multiple university shut downs and rolling protests against the rise in tuition fees. South African president Jacob Zuma is set to discuss the fees issue with student leaders in the capital Pretoria. EPA/KIM LUDBROOK

Students from Wits University demonstrate against fee increases at their university, Johannesburg, South Africa, 22 October 2015.  EPA/KIM LUDBROOK