Law professor Paul F. Campos editorialized about “The Real Reason College Tuition Costs So Much”.
Funding for higher education “has increased at a much faster rate than government spending in general”, but not enough to keep up with the “sharp rise in the percentage of Americans who go to college”. Administration costs have climbed at a faster rate than teaching costs, and a comment offers an explanation.
… When you expand the college rosters, you inevitably have to taken lower quality students, which then necessitates more support services to make sure these students have a reasonable chance of graduating. That costs money both in the service itself, and in the management of the service….
Admitting students unprepared for college-level work not only drives up costs, but also leads to lower standards and wasteful credential inflation. Ultimately, remedial students who experience high drop-out rates “pay a heavy price, in both financial and opportunity costs”.
While it’s controversial and probably politically unfeasible, limiting college enrollment to qualified students would be one way to help rein in soaring college costs.