Robert Archibald and David Feldman teach in the economics department at the College of William & Mary. They are the authors of “Why Does College Cost so Much,” and they are working on a new book, “Turbulent Waters: The Future of America’s Colleges and Universities.” Here, they challenge conventional wisdom about the cost of a college education.
For years now, students, parents, and taxpayers have worried over college-tuition hyperinflation and its concomitant, massive student-loan debt. And for good reason. Over the past quarter-century, average tuition prices have increased 440 percent—far more than the Consumer Price Index and even health-care costs over the same period.
When Haley Bidgood signed her National Letter of Intent in November 2014 to play volleyball for East Carolina University, she knew she would be receiving a full scholarship for her athletic participation. Five months later, however, ECU added a new benefit to the Green Hope High School graduate’s contract: a “cost of attendance” stipend.
Ann Scarborough McClung, a science teacher at South Central High School, received the Michael C. Jackson Distinguished Service Award for 2015 from the North Carolina Science Leadership Association. McClung graduated from East Carolina University with undergraduate and graduate degrees in science education.
To the graduating classes of 2015 both locally and across the state. At East Carolina University nearly 5,000 students received degrees including bachelor’s and graduate degree candidates, with at least some kudos awarded to pesky semi-tropical storm Ana, which at least for a time clouded prospects for a successful ceremony.