Archive for the ‘College economics’ Category

What do high healthcare costs and high tuitions have in common?

April 14, 2017

Let’s connect a couple of dots today …

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A NY Times article explored “Why the Economic Payoff From Technology Is So Elusive”.

One example:

Look at this disconnect is in the doctor’s office.

Dr. Peter Sutherland, a family physician in Tennessee, made the shift to computerized patient records from paper in the last few years.

There are benefits to using electronic health records, Dr. Sutherland says, but grappling with the software and new reporting requirements has slowed him down.

Dr. Sutherland bemoans the countless data fields he must fill in to comply with government-mandated reporting rules…

He sees fewer patients, and his income has slipped.

The bottom line: over the years, due legal compliance and technology complexity, administrators (think: bureaucrats) have been added at a far faster rate than healthcare providers (think: doctors and nurses) …

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Hmmm.

Wonder why healthcare costs are so high …

What’s the link to college tuitions?

(more…)

What do high healthcare costs and high tuitions have in common?

June 13, 2016

Let’s connect a couple of dots today …

A recent NY Times article explored “Why the Economic Payoff From Technology Is So Elusive”.

One example:

Look at this disconnect is in the doctor’s office.

Dr. Peter Sutherland, a family physician in Tennessee, made the shift to computerized patient records from paper in the last few years.

There are benefits to using electronic health records, Dr. Sutherland says, but grappling with the software and new reporting requirements has slowed him down.

Dr. Sutherland bemoans the countless data fields he must fill in to comply with government-mandated reporting rules…

He sees fewer patients, and his income has slipped.

The bottom line: over the years, due legal compliance and technology complexity, administrators (think: bureaucrats) have been added at a far faster rate than healthcare providers (think: doctors and nurses) …

clip_image002

=======

Hmmm.

Wonder why healthcare costs are so high …

What’s the link to college tuitions?

(more…)

College: Nobody pays retail anymore …

October 14, 2015

Lots of talk these days re: skyrocketing college tuition prices.

That’s certainly true of list prices, but these prices are becoming more and more like new car sticker prices – maybe even worse.

According to the latest annual studies done by NACUBO (National Association of College and University Business Officers), approximately 89 % of first-time, full-time freshmen at institutions surveyed received institutional grant aid.

English translation: in most cases, “institutional grant aid” is simply a discount from the tuition’s list price.

And, the discounts aren’t trivial amounts … they are approaching 50%.

Think, half-off sales at Kohl’s

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So, who is paying retail any more?

(more…)

College life: Off-campus housing goes resort-style …

September 8, 2015

Will the aged 3-to-a-room dormitory go the way of of the dinosaur?

A growing trend is local privatization of student housing.

And, I’m not talking about the pest-infested, party-trashed places that populate most college towns.

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Nope, we’re talking serious upscale residences …

(more…)

Another look: Is a college degree is worth it?

November 5, 2014

Lots has been written recently re: the economic value of a college degree.

Let’s boil it down to 3 key charts …

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First, the cost side of the equation …

Sky-rocketing tuitions are loading students with an enormous amount of post-graduation debt.

While other forms of consumer debt have held relatively constant for the past 10 years, student loans have soared from “only” $200 million in 2004 to over $1 trillion today.

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That’s the cost.

What about the benefits side?

(more…)

Another look: Is a college degree is worth it?

June 3, 2014

Lots has been written recently re: the economic value of a college degree.

Let’s boil it down to 3 key charts …

======

First, the cost side of the equation …

Sky-rocketing tuitions are loading students with an enormous amount of post-graduation debt.

While other forms of consumer debt have held relatively constant for the past 10 years, student loans have soared from “only” $200 million in 2004 to over $1 trillion today.

image

That’s the cost.

What about the benefits side?

(more…)