Phi Beta Cons

Where Has All the Money Gone?

The Center for College Affordability and Productivity has a new study showing that North Carolina’s higher-education system is costing taxpayers a bundle. At the same time, among other negative findings, the report shows that many campuses are spending only 20 to 40 percent of their revenue on instruction.

Author Richard Vedder concludes that North Carolina’s colleges are neglecting their core mission, “actually teaching students,” and questions the nature of the vast spending having that does not reach the classroom.
Similar reports on higher education spending in all states are needed, as well as analyses of campuses’ spending priorities.

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