Runaway College Costs av James V. (Board of Visitors Professor of Economics Emeritus and President Emeritus Old Dominion University) Koch, Richard J.

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<p><b>What role have governing boards played in tuition and fee escalation at four-year public colleges and universities?</b></p><p>In the United States, college costs, especially tuition and fees, have increased much more rapidly than either the overall Consumer Price Index or median household income. This cost inflation has effectively closed the doors of higher education to many qualified students and contributed to a staggering $1.5 trillion in student debt. Additionally, the number of college enrollments in the United States actually declined for eight straight years between 2011 and 2019, as college student bodies became increasingly stratified on the basis of family incomes. </p><p>Virtually every public college cost increase, however, requires a positive vote from each university''s governing board¿and the record shows that these votes are nearly always unanimous. In <i>Runaway College Costs</i>, James V. Koch and Richard J. Cebula argue that many trustees have forgotten that t